Heritage Bank's approach to Business Lending

• Heritage Bank considers all our customer relationships as long term.
• Business Bankers work hard to understand your business cycle and provide guidance even in challenging market phases.
• We have the personal expertise and product knowledge your business will need to be competitive in today's market place.
• Heritage Bank has the strength to provide flexible and tailored products to meet your business expectations.

How we do it: Lending Decisions

Heritage Bank provides many different types of loans and terms. Educating the borrower is an important message to obtain credit. Heritage Bank uses the following to help us in Lending decisions.

• Character - Heritage Bank will always review your business and personal credit history to determine how you handle debt. We will at times request personal references, business experience and work history to determine what kind of borrower you will be.
• Credit - Heritage Bank will use several credit reporting/scoring agencies to review your payment history. In addition to a personal review, we will review your payment history with local suppliers and direct contact with if needed with related debt obligations.
• Cash Flow - Heritage Bank will always determine this as the primary source of repayment when regarding the money we have to lend a business. We will calculate Cash Flow using several methods. Your Business Banker can show you the calculations at your request.
• Capacity - Heritage Bank will determine if your business has the capacity to repay if there happens to be a downturn in the business cycle. One factor would be, does a business have the capacity to convert trade assets to cash or to borrower against those assets.
• Collateral - Heritage Bank provides both secured and unsecured loans. Typically, secured loans would use a Deed of Trust on Real Estate, a filing against the business' Inventory, Equipment, Accounts Receivables, an assignment on Stocks or Deposit Accounts such as Certificates of Deposit and/or Savings accounts.