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County17th of 107 in Kentucky by approvalsFIPS 21145
SBA loans in McCracken 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 36 loans to businesses in McCracken County, Kentucky, in FY2021 to FY2025, worth $23.8M: 35 under 7(a) and 1 under 504.
That is 17.5 approvals per 1,000 business establishments (2,061 establishments in 2023), below the Kentucky figure of 27.1 and below the national 41.0.
It ranks 17th of 107 Kentucky counties with approvals. In FY2025 there were 19.
15 lenders had approvals here; the most active were The Paducah Bank and Trust Company (7), Community Financial Services Bank (4) and Peoples Bank (3). 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 McCracken County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Paducah Bank and Trust CompanyPaducah, KY | 7 | $1.3M | 19.4% | |
| 2 | Community Financial Services BankBenton, KY | 4 | $965K | 11.1% | |
| 3 | Peoples BankMendenhall, MS | 3 | $10.4M | 8.3% | |
| 4 | Farmers State Bank of Alto Pass, IllinoisAlto Pass, IL | 3 | $4.3M | 8.3% | |
| 5 | Northeast BankLewiston, ME | 3 | $805K | 8.3% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 3 | $155K | 8.3% | |
| 7 | First Merchants BankIndianapolis, IN | 2 | — | 5.6% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 5.6% | |
| 9 | FNB Bank, Inc.Mayfield, KY | 2 | — | 5.6% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 5.6% | |
| 11 | First Bank of the LakeOsage Beach, MO | 1 | — | 2.8% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.8% | |
| 13 | Purchase Area Development DistrictMayfield, KY · CDC | 1 | — | 2.8% | |
| 14 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.8% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 16.7% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 11.1% | |
| 3 | Personal Care ServicesNAICS 8121 | 4 | 11.1% | |
| 4 | Building Finishing ContractorsNAICS 2383 | 3 | 8.3% | |
| 5 | Other Motor Vehicle DealersNAICS 4412 | 2 | 5.6% | |
| 6 | Child Day Care ServicesNAICS 6244 | 2 | 5.6% | |
| 7 | Couriers and Express Delivery ServicesNAICS 4921 | 1 | 2.8% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 1 | 2.8% | |
| 9 | General Freight TruckingNAICS 4841 | 1 | 2.8% | |
| 10 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 1 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 10 | 27.8% | |
| 2 | Other Services (except Public Administration) | 5 | 13.9% | |
| 3 | Retail Trade | 4 | 11.1% | |
| 4 | Transportation and Warehousing | 4 | 11.1% | |
| 5 | Construction | 4 | 11.1% | |
| 6 | Professional, Scientific, and Technical Services | 3 | 8.3% | |
| 7 | Health Care and Social Assistance | 3 | 8.3% | |
| 8 | Finance and Insurance | 1 | 2.8% |
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 | $11.4M | $438K | 0 | — | 8 | 104 |
| FY2025 | 19 | $9.2M | $280K | 0 | — | 19 | 426 |
| FY2024 | 3 | $3.4M | $50K | 0 | — | 3 | 13 |
| FY2023 | 2 | — | — | 0 | — | 2 | 10 |
| FY2022 | 4 | $2.9M | $770K | 1 | — | 5 | 69 |
| FY2021 | 7 | $7.8M | $176K | 0 | — | 7 | 98 |
| FY2020 | 5 | $2.1M | $250K | 0 | — | 5 | 87 |
| FY2019 | 3 | $905K | $235K | 1 | — | 4 | 48 |
| FY2018 | 4 | $1.0M | $125K | 0 | — | 4 | 38 |
| FY2017 | 12 | $3.3M | $120K | 1 | — | 13 | 113 |
| FY2016 | 9 | $3.6M | $150K | 2 | — | 11 | 122 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 37 approvals.
Against Kentucky and the country
| FY2021–FY2025 | McCracken County | Kentucky | United States |
|---|---|---|---|
| Approvals | 36 | 2,558 | 342,825 |
| Approvals per 1,000 establishments | 17.5 | 27.1 | 41.0 |
| Median 7(a) approval | $280K | $150K | $190K |
| Median 504 approval | — | $495K | $657K |
| Average approval | $662K | $494K | $573K |
| 504 share of approvals | 2.8% | 5.7% | 11.0% |
| Jobs supported per approval, as reported | 17.1 | 11.0 | 10.5 |
| Share of state approvals | 1.4% | 100.0% | — |
Approval sizes
- $50,000 or less13.9%5
- $50,001 to $150,00022.2%8
- $150,001 to $350,00030.6%11
- $350,001 to $1 million19.4%7
- Over $2 million13.9%5
Age of the businesses
- Existing, more than 2 years old38.9%14
- New business, 2 years or less5.6%2
- Startup, loan funds will open the business38.9%14
- Change of ownership16.7%6
Questions and answers
Which lenders make the most SBA loans in McCracken County?
By approvals in FY2021 to FY2025: The Paducah Bank and Trust Company (7), Community Financial Services Bank (4), Peoples Bank (3), Farmers State Bank of Alto Pass, Illinois (3), Northeast Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in McCracken County?
The median 7(a) approval was $280K; the Kentucky 7(a) median was $150K.
Which industries get the most SBA loans in McCracken County?
Traveler Accommodation (6); Restaurants and Other Eating Places (4); Personal Care Services (4); Building Finishing Contractors (3); Other Motor Vehicle Dealers (2).
Is SBA lending in McCracken County rising?
Approvals in the three latest complete fiscal years total 24, against 17 in the three before: rising (+41%).
How does McCracken County compare with the rest of Kentucky?
17.5 approvals per 1,000 establishments against 27.1 statewide, and 36 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