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SBA 7(a) record
Heritage Credit Union: SBA 7(a) loans made
Heritage Credit Union, a credit union based in Newburgh, IN, made 63 SBA 7(a) loans in the 36 months ending September 30, 2026, $17.9M in all, net of cancelled approvals. The typical loan was about $150K, and 14 were in the last 12 months. Most were in Indiana.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 63
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $17.9M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $150K
- SBA FOIA,
- Largest loan
- $4M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 14
- SBA FOIA,
Cite this
Source: The Lender Report, Heritage Credit Union: SBA 7(a) loans made, https://lender.report/lender/heritage-credit-union-in/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Aug 2026 | Kentucky | SBA 7(a), Site Preparation Contractors | $120K | 8% | 10 yr | SBA FOIA | |
| Jul 2026 | Indiana | SBA 7(a), Limited-Service Restaurants | $63K | 9.75% | 7 yr | SBA FOIA | |
| May 2026 | Indiana | SBA 7(a), Offices of Physical, Occupational and Speech Therapists, and Audiologists | $4M | 6.75% | 10 yr | SBA FOIA | |
| May 2026 | Indiana | SBA 7(a), Offices of Physical, Occupational and Speech Therapists, and Audiologists | $500K | 6.75% | 2 yr | SBA FOIA | |
| May 2026 | Indiana | SBA 7(a), All Other Specialty Trade Contractors | $220K | 8% | 10 yr | SBA FOIA | |
| May 2026 | Indiana | SBA 7(a), Child Care Services | $60K | 7.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Indiana | SBA 7(a), Remediation Services | $610K | 7.25% | 10 yr | SBA FOIA | |
| Mar 2026 | Indiana | SBA 7(a), Child Care Services | $170K | 7% | 25 yr | SBA FOIA | |
| Feb 2026 | Indiana | SBA 7(a), All Other Business Support Services | $150K | 7.25% | 10 yr | SBA FOIA | |
| Feb 2026 | Indiana | SBA 7(a), Lessors of Miniwarehouses and Self-Storage Units | $110K | 7% | 25 yr | SBA FOIA | |
| Jan 2026 | Indiana | SBA 7(a), Other Commercial and Industrial Machinery and Equipment Rental and Leasing | $22K | 8.5% | 5 yr | SBA FOIA | |
| Dec 2025 | Indiana | SBA 7(a), Caterers | $480K | 7.75% | 25 yr | SBA FOIA | |
| Dec 2025 | Indiana | SBA 7(a), Caterers | $25K | 7.75% | 6 yr | SBA FOIA | |
| Nov 2025 | Indiana | SBA 7(a), Other Commercial and Industrial Machinery and Equipment Rental and Leasing | $28K | 8.5% | 5 yr | SBA FOIA | |
| Sep 2025 | Indiana | SBA 7(a), Sporting and Athletic Goods Manufacturing | $150K | 8.5% | 25 yr | SBA FOIA | |
| Sep 2025 | Indiana | SBA 7(a), Retail Bakeries | $20K | 8.5% | 5 yr | SBA FOIA | |
| Aug 2025 | Indiana | SBA 7(a), Fitness and Recreational Sports Centers | $290K | 8% | 10 yr | SBA FOIA | |
| Aug 2025 | Indiana | SBA 7(a), Other Commercial and Industrial Machinery and Equipment Rental and Leasing | $29K | 8.5% | 5 yr | SBA FOIA | |
| Jul 2025 | Indiana | SBA 7(a), Architectural Services | $1.2M | 7.25% | 10 yr | SBA FOIA | |
| Jul 2025 | Indiana | SBA 7(a), Fitness and Recreational Sports Centers | $200K | 7.5% | 10 yr | SBA FOIA | |
| Jul 2025 | Indiana | SBA 7(a), Residential Remodelers | $150K | 7.25% | 5 yr | SBA FOIA | |
| Jul 2025 | Indiana | SBA 7(a), Solid Waste Collection | $72K | 8% | 5 yr | SBA FOIA | |
| Jun 2025 | Indiana | SBA 7(a), Limited-Service Restaurants | $220K | 9.75% | 10 yr | SBA FOIA | |
| Jun 2025 | Indiana | SBA 7(a), Limited-Service Restaurants | $180K | 9.75% | 10 yr | SBA FOIA | |
| Mar 2025 | Indiana | SBA 7(a), Masonry Contractors | $300K | 9% | 10 yr | SBA FOIA | |
| 63 SBA 7(a) loans since October 2023, net of cancelled | $17.9M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Indiana | 60 | $16.5M |
| Kentucky | 3 | $1.35M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 29 | $1.67M |
| $150K to $350K | 23 | $4.95M |
| $350K to $1M | 8 | $4.83M |
| $1M to $2.5M | 2 | $2.40M |
| $2.5M or more | 1 | $4.00M |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 6 | $1.28M |
| 2024 Q1 | 10 | $2.92M |
| 2024 Q2 | 9 | $2.95M |
| 2024 Q3 | 6 | $642K |
| 2024 Q4 | 2 | $93.0K |
| 2025 Q1 | 6 | $900K |
| 2025 Q2 | 2 | $400K |
| 2025 Q3 | 8 | $2.11M |
| 2025 Q4 | 3 | $533K |
| 2026 Q1 | 5 | $1.06M |
| 2026 Q2 | 4 | $4.78M |
| 2026 Q3 | 2 | $183K |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Limited-Service Restaurants (722513) | 4 |
| Manufacturing | 4 |
| Other Commercial and Industrial Machinery and Equipment Rental and Leasing (532490) | 4 |
| Fitness and Recreational Sports Centers (713940) | 3 |
| Pet Care (except Veterinary) Services (812910) | 3 |
| All Other Personal Services (812990) | 2 |
| Beer, Wine, and Liquor Retailers (445320) | 2 |
| Caterers (722320) | 2 |
| Child Care Services (624410) | 2 |
| Full-Service Restaurants (722511) | 2 |
| Hobby, Toy, and Game Retailers (459120) | 2 |
| Landscaping Services (561730) | 2 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| 7a General | 38 |
| SBA Express Program | 25 |
- Heritage Credit Union made 63 SBA 7(a) loans totaling $17.9M in the 36 months ending September 30, 2026, net of cancelled approvals, in 2 states. SBA FOIA,
- 14 of them were in the 12 months to September 30, 2026, and 18 in the 12 months before. SBA FOIA,
- The typical loan was about $150K, with the middle half between $54K and $300K. SBA FOIA,
- The largest was about $4M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 29 loans were under $150K, and 3 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 8.50% on 63 loans, with the middle half between 8.00% and 9.75%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Limited-Service Restaurants, with 4. SBA FOIA,
- The SBA file lists 38 of its loans as processed under 7a General. SBA FOIA,
- Its loans were most often in Indiana (60) and Kentucky (3). SBA FOIA,
What we don't know
- Whether Heritage Credit Union is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.