Heritage Bank approved 10 SBA loans worth $4.1M between October 2021 and June 2026, ranking #1200 of 2,283 SBA lenders nationally by loan count. Its median loan was $250,000, and 40% went to startups or businesses under two years old. It lent in 2 states, most often in Minnesota, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 7 | $3.0M | $200,000 | #121 |
| South Dakota | 3 | $1.1M | $500,000 | #38 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 2 | $762,000 | |
| Manufacturing | 2 | $400,000 | |
| Retail | 2 | $432,000 | |
| Arts, entertainment and recreation | 1 | $150,000 | |
| Other services (repair, personal care) | 1 | $137,000 | |
| Professional and technical services | 1 | $100,000 | |
| Wholesale trade | 1 | $535,000 |