Heritage Federal Credit Union
Headquartered in NEWBURGH, IN. Analysis based on 81 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $16.8M.
Total 7(a) loans
81
Total approved
$16.8M
Average loan
$208K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
30.77%
Average rate
8.70%
Average term
121 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 5 |
| 722511 | Full-Service Restaurants | 4 |
| 561730 | Landscaping Services | 3 |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Lea | 3 |
| 713940 | Fitness and Recreational Sports Centers | 3 |
| 812910 | Pet Care (except Veterinary) Services | 3 |
| 621310 | Offices of Chiropractors | 3 |
| 541110 | Offices of Lawyers | 2 |
| 236118 | Residential Remodelers | 2 |
| 812112 | Beauty Salons | 2 |
Top 10 states
| State | Loans |
|---|---|
| IN | 76 |
| KY | 5 |
Top franchise brands financed
5 franchise loans across 5 distinct brands.
| Franchise | Loans |
|---|---|
| Pure Barre | 1 |
| The Brothers that just do Gutt | 1 |
| iLoveKickboxing.com | 1 |
| Rainbow International | 1 |
| DQ Grill & Chill Operating Agr | 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.