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County7th of 107 in Kentucky by approvalsFIPS 21059
SBA loans in Daviess 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.
SBA approved 69 loans to businesses in Daviess County, Kentucky, in FY2021 to FY2025, worth $39.8M: 65 under 7(a) and 4 under 504.
That is 28.9 approvals per 1,000 business establishments (2,385 establishments in 2023), close to the Kentucky figure of 27.1 and below the national 41.0.
It ranks 7th of 107 Kentucky counties with approvals. In FY2025 there were 9, down 57% on FY2024.
19 lenders had approvals here; the most active were Old National Bank (12), U.S. Bank, National Association (12) and Live Oak Banking Company (7). 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 Daviess County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Old National BankEvansville, IN | 12 | $6.5M | 17.4% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 12 | $1.3M | 17.4% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 7 | $12.4M | 10.1% | |
| 4 | The Huntington National BankColumbus, OH | 6 | $1.1M | 8.7% | |
| 5 | Fifth Third BankCincinnati, OH | 5 | $2.1M | 7.2% | |
| 6 | German American BankJasper, IN | 4 | $2.0M | 5.8% | |
| 7 | First Financial Bank, National AssociationTerre Haute, IN | 4 | $1.1M | 5.8% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $7.3M | 4.3% | |
| 9 | Premier Capital CorporationIndianapolis, IN · CDC | 3 | $746K | 4.3% | |
| 10 | Heritage Federal Credit UnionNewburgh, IN | 3 | $557K | 4.3% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.9% | |
| 12 | Capital Access Corporation - KentuckyLouisville, KY · CDC | 1 | — | 1.4% | |
| 13 | Community Trust Bank, Inc.Pikeville, KY | 1 | — | 1.4% | |
| 14 | KeyBank National AssociationCleveland, OH | 1 | — | 1.4% | |
| 15 | First Financial BankEl Dorado, AR | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 21.7% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 6 | 8.7% | |
| 3 | Building Finishing ContractorsNAICS 2383 | 6 | 8.7% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 8.7% | |
| 5 | Lessors of Real EstateNAICS 5311 | 3 | 4.3% | |
| 6 | Personal Care ServicesNAICS 8121 | 3 | 4.3% | |
| 7 | Individual and Family ServicesNAICS 6241 | 2 | 2.9% | |
| 8 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 2 | 2.9% | |
| 9 | Offices of DentistsNAICS 6212 | 2 | 2.9% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 16 | 23.2% | |
| 2 | Accommodation and Food Services | 16 | 23.2% | |
| 3 | Other Services (except Public Administration) | 12 | 17.4% | |
| 4 | Health Care and Social Assistance | 7 | 10.1% | |
| 5 | Retail Trade | 5 | 7.2% | |
| 6 | Manufacturing | 4 | 5.8% | |
| 7 | Real Estate and Rental and Leasing | 3 | 4.3% | |
| 8 | Professional, Scientific, and Technical Services | 2 | 2.9% |
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* | 8 | $2.8M | $257K | 0 | — | 8 | 66 |
| FY2025 | 9 | $11.3M | $567K | 0 | — | 9 | 153 |
| FY2024 | 21 | $6.2M | $240K | 0 | — | 21 | 192 |
| FY2023 | 14 | $7.8M | $228K | 1 | — | 15 | 681 |
| FY2022 | 13 | $8.8M | $195K | 1 | — | 14 | 433 |
| FY2021 | 8 | $4.0M | $320K | 2 | — | 10 | 76 |
| FY2020 | 7 | $3.8M | $125K | 0 | — | 7 | 25 |
| FY2019 | 14 | $7.4M | $130K | 1 | — | 15 | 233 |
| FY2018 | 7 | $3.9M | $668K | 0 | — | 7 | 63 |
| FY2017 | 8 | $3.4M | $76K | 1 | — | 9 | 79 |
| FY2016 | 10 | $1.5M | $81K | 1 | — | 11 | 46 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 49 approvals.
Against Kentucky and the country
| FY2021–FY2025 | Daviess County | Kentucky | United States |
|---|---|---|---|
| Approvals | 69 | 2,558 | 342,825 |
| Approvals per 1,000 establishments | 28.9 | 27.1 | 41.0 |
| Median 7(a) approval | $250K | $150K | $190K |
| Median 504 approval | $327K | $495K | $657K |
| Average approval | $576K | $494K | $573K |
| 504 share of approvals | 5.8% | 5.7% | 11.0% |
| Jobs supported per approval, as reported | 22.2 | 11.0 | 10.5 |
| Share of state approvals | 2.7% | 100.0% | — |
Approval sizes
- $50,000 or less27.5%19
- $50,001 to $150,00010.1%7
- $150,001 to $350,00027.5%19
- $350,001 to $1 million23.2%16
- $1 million to $2 million5.8%4
- Over $2 million5.8%4
Age of the businesses
- Existing, more than 2 years old42.0%29
- New business, 2 years or less14.5%10
- Startup, loan funds will open the business26.1%18
- Change of ownership17.4%12
Questions and answers
Which lenders make the most SBA loans in Daviess County?
By approvals in FY2021 to FY2025: Old National Bank (12), U.S. Bank, National Association (12), Live Oak Banking Company (7), The Huntington National Bank (6), Fifth Third Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Daviess County?
The median 7(a) approval was $250K and the median 504 approval $327K; the Kentucky 7(a) median was $150K.
Which industries get the most SBA loans in Daviess County?
Restaurants and Other Eating Places (15); Building Equipment Contractors (6); Building Finishing Contractors (6); Automotive Repair and Maintenance (6); Lessors of Real Estate (3).
Is SBA lending in Daviess County rising?
Approvals in the three latest complete fiscal years total 45, against 31 in the three before: rising (+45%).
How does Daviess County compare with the rest of Kentucky?
28.9 approvals per 1,000 establishments against 27.1 statewide, and 69 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