Heritage Bank

This is a financial institution offering SBA loan programs and banking services designed to support small business growth and development in the Olympia area.

Ask Heritage Bank directly — some branches take walk-ins, others book SBA conversations by appointment.

Hours vary by branch and change. Check Heritage Bank's website or call before you visit.

Browsing this directory is free. Any loan fees are set by Heritage Bank and the SBA program — ask the lender for its current schedule.

Services are primarily available to small business owners and residents within the Olympia region, though some programs may have broader eligibility criteria.

Many SBA lenders look for a personal score around 640 or higher, but each bank sets its own bar and it changes. Ask Heritage Bank what it looks for today.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of application materials.

Most bank SBA teams work weekdays; confirm with Heritage Bank before planning a weekend visit.

Heritage Bank is located in Washington — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Heritage Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Heritage Bank itself, which runs its own lending under its own ownership. If you work at Heritage Bank, you can claim this listing from this page to manage it.

The core details for Heritage Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Heritage Bank before applying. If you represent Heritage Bank, claim this listing to keep its information up to date.

You can reach Heritage Bank by phone at (360) 943-1500 or online at local.heritagebanknw.com/wa/olympia/201-5th-avenue-sw — the same details are in the contact card on this page.

Based on its approved SBA loans, Heritage Bank most often finances businesses in restaurants & food service, medical practices & clinics, construction & contractors, manufacturing, general retail, and wholesale & distribution. This reflects Heritage Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Heritage Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Heritage Bank participates in SBA Express depends on its specific SBA lending authority. Contact Heritage Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

Whether Heritage Bank has SBA Preferred Lender (PLP) status is set by the SBA. Ask the bank directly; PLP lenders can approve in-house and often move faster.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Heritage Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Heritage Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Heritage Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Heritage Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Heritage Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Heritage Bank weighs this case by case under its own policy, so be upfront about your history and ask Heritage Bank how it evaluates prior bankruptcies.