Heritage Bank Inc
Headquartered in Burlington, KY. Analysis based on 571 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $247.0M.
Total 7(a) loans
571
Total approved
$247.0M
Average loan
$433K
States funded in
49
Charge-off rate
3.55%
FY2020–FY2023 cohort
Paid-in-full rate
4.26%
Average rate
11.43%
Average term
132 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 34 |
| 541990 | All Other Professional, Scientific, and Technical Services | 21 |
| 722513 | Limited-Service Restaurants | 21 |
| 484121 | General Freight Trucking, Long Distance, Truckload | 20 |
| 621210 | Offices of Dentists | 15 |
| 811111 | General Automotive Repair | 13 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 12 |
| 236118 | Residential Remodelers | 9 |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 9 |
| 812112 | Beauty Salons | 8 |
Top 10 states
| State | Loans |
|---|---|
| CA | 66 |
| FL | 59 |
| NY | 45 |
| TX | 44 |
| OH | 29 |
| PA | 28 |
| IL | 28 |
| KY | 22 |
| NJ | 20 |
| GA | 19 |
Top franchise brands financed
35 franchise loans across 27 distinct brands.
| Franchise | Loans |
|---|---|
| 911 Restoration | 4 |
| Crumbl | 4 |
| Meineke Car Care Center | 2 |
| Cupbop | 2 |
| The Camp Transformation Center | 1 |
| Jimmy John's | 1 |
| Grease Monkey | 1 |
| Fit Body Boot Camp | 1 |
| Sylvan Learning Centers | 1 |
| Vocelli Pizza | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.