Heartland CU

This is a commercial bank that provides SBA lending services, including 7(a) loans, to support small business growth and development in the Hutchinson region and beyond.

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

The 23rd and Severance branch is open Monday–Friday 9:00 AM to 5:00 PM (lobby) and 8:00 AM to 5:30 PM Monday–Thursday, 8:00 AM to 6:00 PM Friday (drive-thru), with Saturday hours 9:00 AM to 12:00 PM. Confirm current hours with Heartland CU.

Fees are associated with loan processing and are disclosed during the application process; there is no fee to simply visit or inquire.

This bank primarily serves residents and small business owners in the region, but eligibility depends on meeting lending criteria.

A minimum personal credit score of 650 is typically required for loan approval.

The underwriting process usually takes between 2 to 4 weeks, depending on the completeness of application and documentation.

Yes, the 23rd and Severance branch operates Saturday 9:00 AM to 12:00 PM for both lobby and drive-thru. Confirm with Heartland CU for holiday hours.

Heartland CU is located in Kansas — see the contact card for the full address. Most credit union 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 CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Heartland CU itself, which runs its own lending under its own ownership. If you work at Heartland CU, you can claim this listing from this page to manage it.

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

You can reach Heartland CU by phone at (800) 428-8472 or online at hcu.coop — 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 CU before relying on them.

Like most SBA lenders, Heartland CU 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 credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask Heartland CU 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 CU participates in SBA Express depends on its specific SBA lending authority. Contact Heartland CU 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 credit unions hold PLP status, but it varies by institution. Heartland CU can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Heartland CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Heartland CU 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 Heartland CU 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 CU 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 CU 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 CU weighs this case by case under its own policy, so be upfront about your history and ask Heartland CU how it evaluates prior bankruptcies.