Heritage Federal Credit Union

This is a community-focused financial institution offering SBA loan programs, banking services, and support for small businesses in the region.

It's recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.

The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.

There are no fees for consulting or initial inquiries; loan fees depend on the specific financing arrangement.

This institution primarily serves members of the credit union, which includes residents and small business owners in the community.

A minimum personal credit score of 650 is generally preferred, but approval considers overall financial health and collateral.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.

Most credit unions keep weekday business hours and are closed on weekends, and Heritage Federal Credit Union typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Heritage Federal Credit Union to confirm current weekend availability before you go.

Heritage Federal Credit Union is located in Indiana — 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 Heritage Federal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Heritage Federal Credit Union itself, which runs its own lending under its own ownership. If you work at Heritage Federal Credit Union, you can claim this listing from this page to manage it.

The core details for Heritage Federal Credit Union — 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 Federal Credit Union before applying. If you represent Heritage Federal Credit Union, claim this listing to keep its information up to date.

You can reach Heritage Federal Credit Union by phone at (812) 253-6928 or online at heritagefederal.org — 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 Heritage Federal Credit Union before relying on them.

Based on its approved SBA loans, Heritage Federal Credit Union most often finances businesses in construction & contractors, restaurants & food service, manufacturing, cleaning, landscaping & janitorial, and general retail. This reflects Heritage Federal Credit Union'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 Federal Credit Union 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 Federal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Heritage Federal Credit Union 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. Heritage Federal Credit Union 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. Heritage Federal Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Heritage Federal Credit Union 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 Federal Credit Union 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 Federal Credit Union 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 Federal Credit Union 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 Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Heritage Federal Credit Union how it evaluates prior bankruptcies.