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BUSINESS LOANS & LINES OF CREDIT

A community of banks. Helping your business reach new heights.

 

To grow your business, you need the right banking environment.

Which product is right for you? Explore a full suite of products and services to suit your business needs. To learn about our custom solutions, make an appointment with one of our experts.

Business Term Loans
Looking to expand your business with an injection of cash on a term basis? A term loan may be your solution.

Business Lines of Credit
This product offers flexible financing via an open line of credit you can repay or reuse as needed.

Commercial Real Estate Loans
Want to finance your owner and/or nonowner-occupied properties? Discover innovative solutions for both.

Agribusiness Loans
Offerings include term lending, lines of credit, USDA, FarmerMac and FSA loans.

SBA Loans
As a preferred Small Business Association lender specializing in 7(a) and 504 loan programs, our bankers will provide you with added assistance.

 

Construction Loans
With a team dedicated to commercial construction lending, we're always prepared to provide you with the best financing options for your project.

Why finance with Heritage?

Right near you

Headquartered right here in Olympia, we keep business close to home. All lending decisions are made locally.

Custom solutions

Because each business is unique, we offer products and solutions tailored to your specific needs.

History of success

There's a reason Heritage is still thriving after 90 years. We offer the depth of knowledge to be competitive in any market-in any era.

 

Our lending criteria

When determining whether you're a right fit for doing business banking with us, Heritage Bank always employs the five "Cs":

Character
Review your business and credit history to determine how you handle debt.

Credit
Use credit reporting/scoring agencies to review your payment history.

Cash Flow
Use several methods to calculate your cash flow, which we consider to be the primary source for your loan repayment.

Capacity
Analyze whether your business has the capacity to repay the loan in the event of a downturn. We'll look at your ability to convert assets to cash or borrow against those assets.

Collateral
Provide the option of both secured and unsecured loans. Generally, the less you provide for collateral, the higher your interest rate will be.

Get Started.

You will be required to provide the following information and documentation:

  • Business name
  • Business taxpayer ID number or Social Security number
  • Business structure (i.e., Sole Proprietor, Limited Liability Company, Corporation) and copy of legal formation
  • Business owners (i.e., proprietor, LLC members, corporation directors, president)
  • Personal financial statements, one for each owner/guarantor
  • Past three years of IRS tax returns for both personal and business
  • Past three years of business financials (i.e., balance sheets, profit and loss statement)
  • Bank checking and/or savings account statements
  • Contact information
 
Apply for a business loan or line of credit cta_arrow_blue_large_32x32_2x
 

Customers are the foundation of our community

Talk with an expert.

Make an appointment with one of our experts today.