SBA loans in Pike 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 52 loans to businesses in Pike County, Kentucky, in FY2021 to FY2025, worth $8.2M: 52 under 7(a) and 0 under 504.

That is 46.9 approvals per 1,000 business establishments (1,109 establishments in 2023), above the Kentucky figure of 27.1 and close to the national 41.0.

It ranks 10th of 107 Kentucky counties with approvals. In FY2025 there were 19.

5 lenders had approvals here; the most active were Community Trust Bank, Inc. (47), U.S. Bank, National Association (2) and WesBanco Bank, Inc. (1). The most common industry was offices of other health practitioners.

52approvals, FY2021–FY2025FY2025: 19

$8.2Mdollars approved, FY2021–FY2025FY2025: $2.0M

46.9approvals per 1,000 establishmentsKY: 27.1 · US: 41.0

$109Kmedian 7(a) approvalKY: $150K

5lenders with an approval here

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 Pike County

By number of approvals to businesses in the county, FY2021–FY2025; 5 lenders had at least one.

#	Lender	Approvals	Dollars	Share
1	Community Trust Bank, Inc.Pikeville, KY	47	$7.6M	90.4%
2	U.S. Bank, National AssociationCincinnati, OH	2	—	3.8%
3	WesBanco Bank, Inc.Wheeling, WV	1	—	1.9%
4	United Midwest Savings Bank National AssociationDe Graff, OH	1	—	1.9%
5	BayFirst National BankSaint Petersburg, FL	1	—	1.9%

Industries

#	Industry group (NAICS 4-digit)	Approvals	Share
1	Offices of Other Health PractitionersNAICS 6213	9	17.3%
2	Restaurants and Other Eating PlacesNAICS 7225	4	7.7%
3	Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591	4	7.7%
4	Personal Care ServicesNAICS 8121	3	5.8%
5	Personal and Household Goods Repair and MaintenanceNAICS 8114	2	3.8%
6	Foundation, Structure, and Building Exterior ContractorsNAICS 2381	2	3.8%
7	Clothing and Clothing Accessories RetailersNAICS 4581	2	3.8%
8	General Freight TruckingNAICS 4841	2	3.8%
9	Offices of DentistsNAICS 6212	2	3.8%
10	Drycleaning and Laundry ServicesNAICS 8123	1	1.9%

Sectors

#	NAICS sector	Approvals	Share
1	Retail Trade	12	23.1%
2	Health Care and Social Assistance	12	23.1%
3	Other Services (except Public Administration)	8	15.4%
4	Accommodation and Food Services	5	9.6%
5	Manufacturing	5	9.6%
6	Construction	4	7.7%
7	Transportation and Warehousing	2	3.8%
8	Arts, Entertainment, and Recreation	1	1.9%

Approvals by fiscal year

Fiscal year	7(a) approvals	7(a) dollars	Median 7(a)	504 dollars	All approvals	Jobs supported, as reported
FY2026*	5	$194K	$30K	—	5	10
FY2025	19	$2.0M	$35K	—	19	81
FY2024	9	$1.8M	$150K	—	9	33
FY2023	5	$450K	$50K	—	5	8
FY2022	7	$1.1M	$160K	—	7	21
FY2021	12	$2.9M	$150K	—	12	113
FY2020	3	$130K	$38K	—	3	26
FY2019	12	$749K	$60K	—	12	85
FY2018	10	$1.9M	$97K	—	10	63
FY2017	12	$1.4M	$68K	—	12	58
FY2016	15	$2.3M	$70K	—	15	122

In FY2016–FY2020, the five fiscal years before the current window, the county had 52 approvals.

Against Kentucky and the country

FY2021–FY2025	Pike County	Kentucky	United States
Approvals	52	2,558	342,825
Approvals per 1,000 establishments	46.9	27.1	41.0
Median 7(a) approval	$109K	$150K	$190K
Median 504 approval	—	$495K	$657K
Average approval	$159K	$494K	$573K
504 share of approvals	0.0%	5.7%	11.0%
Jobs supported per approval, as reported	4.9	11.0	10.5
Share of state approvals	2.0%	100.0%	—

Approval sizes

$50,000 or less38.5%20
$50,001 to $150,00028.8%15
$150,001 to $350,00023.1%12
$350,001 to $1 million7.7%4
$1 million to $2 million1.9%1

Age of the businesses

Existing, more than 2 years old46.2%24
New business, 2 years or less17.3%9
Startup, loan funds will open the business26.9%14
Change of ownership9.6%5

Questions and answers

Which lenders make the most SBA loans in Pike County?

By approvals in FY2021 to FY2025: Community Trust Bank, Inc. (47), U.S. Bank, National Association (2), WesBanco Bank, Inc. (1), United Midwest Savings Bank National Association (1), BayFirst National Bank (1). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Pike County?

The median 7(a) approval was $109K; the Kentucky 7(a) median was $150K.

Which industries get the most SBA loans in Pike County?

Offices of Other Health Practitioners (9); Restaurants and Other Eating Places (4); Sporting Goods, Hobby, and Musical Instrument Retailers (4); Personal Care Services (3); Personal and Household Goods Repair and Maintenance (2).

Is SBA lending in Pike County rising?

Approvals in the three latest complete fiscal years total 33, against 22 in the three before: rising (+50%).

How does Pike County compare with the rest of Kentucky?

46.9 approvals per 1,000 establishments against 27.1 statewide, and 52 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