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County18th of 107 in Kentucky by approvalsFIPS 21019
SBA loans in Boyd County, Kentucky
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Boyd County, Kentucky, received 31 SBA loan approvals worth $11.5M in FY2021 to FY2025 (31 7(a), 0 504).
That is 26.5 approvals per 1,000 business establishments (1,169 establishments in 2023), close to the Kentucky figure of 27.1 and below the national 41.0.
It ranks 18th of 107 Kentucky counties with approvals. In FY2025 there were 8.
11 lenders had approvals here; the most active were Community Trust Bank, Inc. (11), Peoples Bank (5) and Northeast Bank (5). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Boyd County
By number of approvals to businesses in the county, FY2021–FY2025; 11 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Community Trust Bank, Inc.Pikeville, KY | 11 | $3.2M | 35.5% | |
| 2 | Peoples BankMarietta, OH | 5 | $2.6M | 16.1% | |
| 3 | Northeast BankLewiston, ME | 5 | $830K | 16.1% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 2 | — | 6.5% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 6.5% | |
| 6 | Enterprise Bank & TrustClayton, MO | 1 | — | 3.2% | |
| 7 | Capital Bank, National AssociationRockville, MD | 1 | — | 3.2% | |
| 8 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 3.2% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 1 | — | 3.2% | |
| 10 | Shoreham BankWarwick, RI | 1 | — | 3.2% | |
| 11 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 3.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 29.0% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 3 | 9.7% | |
| 3 | Offices of PhysiciansNAICS 6211 | 3 | 9.7% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 2 | 6.5% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 6.5% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 2 | 6.5% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 6.5% | |
| 8 | Traveler AccommodationNAICS 7211 | 1 | 3.2% | |
| 9 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 1 | 3.2% | |
| 10 | General Freight TruckingNAICS 4841 | 1 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 10 | 32.3% | |
| 2 | Health Care and Social Assistance | 7 | 22.6% | |
| 3 | Retail Trade | 5 | 16.1% | |
| 4 | Arts, Entertainment, and Recreation | 2 | 6.5% | |
| 5 | Finance and Insurance | 2 | 6.5% | |
| 6 | Other Services (except Public Administration) | 2 | 6.5% | |
| 7 | Transportation and Warehousing | 1 | 3.2% | |
| 8 | Construction | 1 | 3.2% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 2 | — | — | 0 | — | 2 | 32 |
| FY2025 | 8 | $5.1M | $250K | 0 | — | 8 | 266 |
| FY2024 | 8 | $627K | $53K | 0 | — | 8 | 36 |
| FY2023 | 5 | $2.3M | $200K | 0 | — | 5 | 85 |
| FY2022 | 4 | $2.1M | $204K | 0 | — | 4 | 31 |
| FY2021 | 6 | $1.4M | $241K | 0 | — | 6 | 35 |
| FY2020 | 1 | — | — | 0 | — | 1 | 6 |
| FY2019 | 7 | $564K | $50K | 1 | — | 8 | 41 |
| FY2018 | 2 | — | — | 0 | — | 2 | 38 |
| FY2017 | 2 | — | — | 0 | — | 2 | 0 |
| FY2016 | 5 | $890K | $100K | 0 | — | 5 | 82 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 18 approvals.
Against Kentucky and the country
| FY2021–FY2025 | Boyd County | Kentucky | United States |
|---|---|---|---|
| Approvals | 31 | 2,558 | 342,825 |
| Approvals per 1,000 establishments | 26.5 | 27.1 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | — | $495K | $657K |
| Average approval | $371K | $494K | $573K |
| 504 share of approvals | 0.0% | 5.7% | 11.0% |
| Jobs supported per approval, as reported | 14.6 | 11.0 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less22.6%7
- $50,001 to $150,00035.5%11
- $150,001 to $350,00019.4%6
- $350,001 to $1 million9.7%3
- $1 million to $2 million9.7%3
- Over $2 million3.2%1
Age of the businesses
- Existing, more than 2 years old54.8%17
- New business, 2 years or less16.1%5
- Startup, loan funds will open the business19.4%6
- Change of ownership9.7%3
Questions and answers
Which lenders make the most SBA loans in Boyd County?
By approvals in FY2021 to FY2025: Community Trust Bank, Inc. (11), Peoples Bank (5), Northeast Bank (5), Newtek Bank, National Association (2), Readycap Lending, LLC (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Boyd County?
The median 7(a) approval was $150K; the Kentucky 7(a) median was $150K.
Which industries get the most SBA loans in Boyd County?
Restaurants and Other Eating Places (9); Beer, Wine, and Liquor Stores (3); Offices of Physicians (3); Offices of Other Health Practitioners (2); Other Amusement and Recreation Industries (2).
Is SBA lending in Boyd County rising?
Approvals in the three latest complete fiscal years total 21, against 11 in the three before: rising (+91%).
How does Boyd County compare with the rest of Kentucky?
26.5 approvals per 1,000 establishments against 27.1 statewide, and 31 of the state's 2,558 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error