Heartland Bank

This is a local SBA lender offering small business financing options, including SBA 7(a) loans, with personalized service to help entrepreneurs access funding for growth and expansion.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be accommodated during business hours.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with appointments available outside these hours upon request.

There are no fees to consult with the bank; however, standard SBA loan fees and interest rates apply depending on the loan terms.

This service is primarily available to small business owners within the regional area around Somers, Iowa, but eligibility depends on meeting SBA and bank criteria.

Typically, a personal credit score of 640 or higher is preferred, though exceptions may be considered based on overall creditworthiness.

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

Heartland Bank operates only during weekday business hours and is closed on weekends, with SBA lending available Monday through Friday. Contact your local branch to confirm availability.

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

The core details for Heartland 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 Heartland Bank before applying. If you represent Heartland Bank, claim this listing to keep its information up to date.

You can reach Heartland Bank by phone at (515) 467-5561 or online at heartlandbanks.bank — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Heartland Bank before relying on them.

Like most SBA lenders, Heartland Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Heartland Bank directly which industries 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 Heartland Bank participates in SBA Express depends on its specific SBA lending authority. Contact Heartland Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Heartland Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

Heartland Bank supports startup financing through its SBA loan program, which can cover real estate, capital expenses, equipment, and supplies. Contact your local branch for startup eligibility.

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 Heartland 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 Heartland 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 Heartland 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. Heartland Bank weighs this case by case under its own policy, so be upfront about your history and ask Heartland Bank how it evaluates prior bankruptcies.