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County8th of 107 in Kentucky by approvalsFIPS 21211
SBA loans in Shelby 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 65 loans to businesses in Shelby County, Kentucky, in FY2021 to FY2025, worth $36.2M: 61 under 7(a) and 4 under 504.
That is 57.6 approvals per 1,000 business establishments (1,129 establishments in 2023), above the Kentucky figure of 27.1 and above the national 41.0.
It ranks 8th of 107 Kentucky counties with approvals. In FY2025 there were 13, down 28% on FY2024.
24 lenders had approvals here; the most active were Stock Yards Bank & Trust Company (14), U.S. Bank, National Association (12) and The Huntington National 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 Shelby County
By number of approvals to businesses in the county, FY2021–FY2025; 24 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Stock Yards Bank & Trust CompanyLouisville, KY | 14 | $9.8M | 21.5% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 12 | $546K | 18.5% | |
| 3 | The Huntington National BankColumbus, OH | 5 | $329K | 7.7% | |
| 4 | Community Trust Bank, Inc.Pikeville, KY | 4 | $348K | 6.2% | |
| 5 | First Financial BankCincinnati, OH | 3 | $1.6M | 4.6% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 3 | $100K | 4.6% | |
| 7 | Beacon Bank and TrustBrookline, MA | 2 | — | 3.1% | |
| 8 | Peoples BankMendenhall, MS | 2 | — | 3.1% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.1% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.1% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.1% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.1% | |
| 13 | Oakland County Business Finance CorporationWaterford, MI · CDC | 1 | — | 1.5% | |
| 14 | Alloy Development Co., Inc.Cincinnati, OH · CDC | 1 | — | 1.5% | |
| 15 | Heritage Bank IncBurlington, KY | 1 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 6.2% | |
| 2 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 6.2% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 4 | 6.2% | |
| 4 | Ship and Boat BuildingNAICS 3366 | 3 | 4.6% | |
| 5 | Support Activities for Animal ProductionNAICS 1152 | 3 | 4.6% | |
| 6 | Printing and Related Support ActivitiesNAICS 3231 | 2 | 3.1% | |
| 7 | Traveler AccommodationNAICS 7211 | 2 | 3.1% | |
| 8 | Personal Care ServicesNAICS 8121 | 2 | 3.1% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 2 | 3.1% | |
| 10 | Utility System ConstructionNAICS 2371 | 2 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 15 | 23.1% | |
| 2 | Manufacturing | 10 | 15.4% | |
| 3 | Retail Trade | 9 | 13.8% | |
| 4 | Other Services (except Public Administration) | 7 | 10.8% | |
| 5 | Accommodation and Food Services | 6 | 9.2% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 5 | 7.7% | |
| 7 | Professional, Scientific, and Technical Services | 4 | 6.2% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 3 | 4.6% |
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* | 3 | $3.6M | $450K | 1 | — | 4 | 48 |
| FY2025 | 12 | $5.2M | $204K | 1 | — | 13 | 69 |
| FY2024 | 18 | $9.5M | $200K | 0 | — | 18 | 154 |
| FY2023 | 13 | $6.9M | $150K | 0 | — | 13 | 98 |
| FY2022 | 10 | $1.8M | $44K | 2 | — | 12 | 208 |
| FY2021 | 8 | $6.3M | $188K | 1 | — | 9 | 780 |
| FY2020 | 3 | $1.5M | $25K | 1 | — | 4 | 20 |
| FY2019 | 1 | — | — | 0 | — | 1 | 5 |
| FY2018 | 10 | $1.2M | $87K | 0 | — | 10 | 105 |
| FY2017 | 4 | $3.7M | $405K | 0 | — | 4 | 159 |
| FY2016 | 4 | $3.3M | $589K | 1 | — | 5 | 111 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 24 approvals.
Against Kentucky and the country
| FY2021–FY2025 | Shelby County | Kentucky | United States |
|---|---|---|---|
| Approvals | 65 | 2,558 | 342,825 |
| Approvals per 1,000 establishments | 57.6 | 27.1 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | $1.3M | $495K | $657K |
| Average approval | $557K | $494K | $573K |
| 504 share of approvals | 6.2% | 5.7% | 11.0% |
| Jobs supported per approval, as reported | 20.1 | 11.0 | 10.5 |
| Share of state approvals | 2.5% | 100.0% | — |
Approval sizes
- $50,000 or less32.3%21
- $50,001 to $150,00015.4%10
- $150,001 to $350,00016.9%11
- $350,001 to $1 million13.8%9
- $1 million to $2 million15.4%10
- Over $2 million6.2%4
Age of the businesses
- Existing, more than 2 years old66.2%43
- New business, 2 years or less15.4%10
- Startup, loan funds will open the business12.3%8
- Change of ownership6.2%4
Questions and answers
Which lenders make the most SBA loans in Shelby County?
By approvals in FY2021 to FY2025: Stock Yards Bank & Trust Company (14), U.S. Bank, National Association (12), The Huntington National Bank (5), Community Trust Bank, Inc. (4), First Financial Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Shelby County?
The median 7(a) approval was $150K and the median 504 approval $1.3M; the Kentucky 7(a) median was $150K.
Which industries get the most SBA loans in Shelby County?
Restaurants and Other Eating Places (4); Foundation, Structure, and Building Exterior Contractors (4); Building Equipment Contractors (4); Ship and Boat Building (3); Support Activities for Animal Production (3).
Is SBA lending in Shelby County rising?
Approvals in the three latest complete fiscal years total 44, against 25 in the three before: rising (+76%).
How does Shelby County compare with the rest of Kentucky?
57.6 approvals per 1,000 establishments against 27.1 statewide, and 65 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