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County11th of 107 in Kentucky by approvalsFIPS 21151
SBA loans in Madison 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 51 loans to businesses in Madison County, Kentucky, in FY2021 to FY2025, worth $23.0M: 50 under 7(a) and 1 under 504.
That is 28.2 approvals per 1,000 business establishments (1,808 establishments in 2023), close to the Kentucky figure of 27.1 and below the national 41.0.
It ranks 11th of 107 Kentucky counties with approvals. In FY2025 there were 16, up 23% on FY2024.
20 lenders had approvals here; the most active were U.S. Bank, National Association (13), Community Trust Bank, Inc. (7) and Newtek Bank, National Association (5). The most common industry was traveler accommodation.
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 Madison County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 13 | $1.2M | 25.5% | |
| 2 | Community Trust Bank, Inc.Pikeville, KY | 7 | $3.8M | 13.7% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 5 | $865K | 9.8% | |
| 4 | Northeast BankLewiston, ME | 5 | $350K | 9.8% | |
| 5 | Stock Yards Bank & Trust CompanyLouisville, KY | 3 | $855K | 5.9% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 3.9% | |
| 7 | The Huntington National BankColumbus, OH | 2 | — | 3.9% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.9% | |
| 9 | Peoples BankMendenhall, MS | 1 | — | 2.0% | |
| 10 | VelocitySBA, LLCIrving, TX | 1 | — | 2.0% | |
| 11 | Enterprise Bank & TrustClayton, MO | 1 | — | 2.0% | |
| 12 | First Western SBLC, LLCDallas, TX | 1 | — | 2.0% | |
| 13 | GBankLas Vegas, NV | 1 | — | 2.0% | |
| 14 | First Federal Savings BankHuntington, IN | 1 | — | 2.0% | |
| 15 | Byline BankChicago, IL | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 4 | 7.8% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 3 | 5.9% | |
| 3 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 3 | 5.9% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 5.9% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 3 | 5.9% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 3 | 5.9% | |
| 7 | Medical and Diagnostic LaboratoriesNAICS 6215 | 2 | 3.9% | |
| 8 | General Freight TruckingNAICS 4841 | 2 | 3.9% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.9% | |
| 10 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 2 | 3.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 9 | 17.6% | |
| 2 | Retail Trade | 9 | 17.6% | |
| 3 | Accommodation and Food Services | 7 | 13.7% | |
| 4 | Construction | 6 | 11.8% | |
| 5 | Manufacturing | 4 | 7.8% | |
| 6 | Other Services (except Public Administration) | 3 | 5.9% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 3 | 5.9% | |
| 8 | Wholesale Trade | 3 | 5.9% |
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* | 12 | $4.8M | $150K | 0 | — | 12 | 225 |
| FY2025 | 16 | $5.6M | $120K | 0 | — | 16 | 107 |
| FY2024 | 13 | $3.1M | $70K | 0 | — | 13 | 91 |
| FY2023 | 8 | $6.9M | $226K | 1 | — | 9 | 152 |
| FY2022 | 10 | $4.1M | $81K | 0 | — | 10 | 152 |
| FY2021 | 3 | $2.8M | $450K | 0 | — | 3 | 109 |
| FY2020 | 5 | $6.1M | $1.1M | 0 | — | 5 | 48 |
| FY2019 | 8 | $4.5M | $88K | 0 | — | 8 | 67 |
| FY2018 | 7 | $4.1M | $142K | 0 | — | 7 | 51 |
| FY2017 | 9 | $3.5M | $100K | 0 | — | 9 | 307 |
| FY2016 | 8 | $1.7M | $38K | 0 | — | 8 | 39 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 37 approvals.
Against Kentucky and the country
| FY2021–FY2025 | Madison County | Kentucky | United States |
|---|---|---|---|
| Approvals | 51 | 2,558 | 342,825 |
| Approvals per 1,000 establishments | 28.2 | 27.1 | 41.0 |
| Median 7(a) approval | $164K | $150K | $190K |
| Median 504 approval | — | $495K | $657K |
| Average approval | $450K | $494K | $573K |
| 504 share of approvals | 2.0% | 5.7% | 11.0% |
| Jobs supported per approval, as reported | 12.0 | 11.0 | 10.5 |
| Share of state approvals | 2.0% | 100.0% | — |
Approval sizes
- $50,000 or less33.3%17
- $50,001 to $150,00015.7%8
- $150,001 to $350,00023.5%12
- $350,001 to $1 million15.7%8
- $1 million to $2 million5.9%3
- Over $2 million5.9%3
Age of the businesses
- Existing, more than 2 years old52.9%27
- New business, 2 years or less29.4%15
- Startup, loan funds will open the business7.8%4
- Change of ownership9.8%5
Questions and answers
Which lenders make the most SBA loans in Madison County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (13), Community Trust Bank, Inc. (7), Newtek Bank, National Association (5), Northeast Bank (5), Stock Yards Bank & Trust Company (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Madison County?
The median 7(a) approval was $164K; the Kentucky 7(a) median was $150K.
Which industries get the most SBA loans in Madison County?
Traveler Accommodation (4); Offices of Other Health Practitioners (3); Other Fabricated Metal Product Manufacturing (3); Restaurants and Other Eating Places (3); Services to Buildings and Dwellings (3).
Is SBA lending in Madison County rising?
Approvals in the three latest complete fiscal years total 38, against 18 in the three before: rising (+111%).
How does Madison County compare with the rest of Kentucky?
28.2 approvals per 1,000 establishments against 27.1 statewide, and 51 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