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County15th of 107 in Kentucky by approvalsFIPS 21239
SBA loans in Woodford 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.
Businesses in Woodford County, Kentucky, received 40 SBA loan approvals worth $9.1M in FY2021 to FY2025 (38 7(a), 2 504).
That is 64.7 approvals per 1,000 business establishments (618 establishments in 2023), above the Kentucky figure of 27.1 and above the national 41.0.
It ranks 15th of 107 Kentucky counties with approvals. In FY2025 there were 4.
11 lenders had approvals here; the most active were Community Trust Bank, Inc. (27), Stock Yards Bank & Trust Company (2) and Readycap Lending, LLC (2). The most common industry was general freight trucking.
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 Woodford County
By number of approvals to businesses in the county, FY2021–FY2025; 11 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Community Trust Bank, Inc.Pikeville, KY | 27 | $5.6M | 67.5% | |
| 2 | Stock Yards Bank & Trust CompanyLouisville, KY | 2 | — | 5.0% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 5.0% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 2 | — | 5.0% | |
| 5 | Alloy Development Co., Inc.Cincinnati, OH · CDC | 1 | — | 2.5% | |
| 6 | Community Ventures CorporationLexington, KY · CDC | 1 | — | 2.5% | |
| 7 | Colony BankFitzgerald, GA | 1 | — | 2.5% | |
| 8 | Northeast BankLewiston, ME | 1 | — | 2.5% | |
| 9 | The Huntington National BankColumbus, OH | 1 | — | 2.5% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.5% | |
| 11 | PNC Bank, National AssociationWilmington, DE | 1 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 6 | 15.0% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 5 | 12.5% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 4 | 10.0% | |
| 4 | Other Animal ProductionNAICS 1129 | 4 | 10.0% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 5.0% | |
| 6 | Other Miscellaneous Store RetailersNAICS 4539 | 2 | 5.0% | |
| 7 | Specialized Freight TruckingNAICS 4842 | 2 | 5.0% | |
| 8 | Animal Food ManufacturingNAICS 3111 | 1 | 2.5% | |
| 9 | Beverage ManufacturingNAICS 3121 | 1 | 2.5% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 1 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 9 | 22.5% | |
| 2 | Professional, Scientific, and Technical Services | 5 | 12.5% | |
| 3 | Health Care and Social Assistance | 5 | 12.5% | |
| 4 | Agriculture, Forestry, Fishing and Hunting | 5 | 12.5% | |
| 5 | Retail Trade | 4 | 10.0% | |
| 6 | Manufacturing | 3 | 7.5% | |
| 7 | Accommodation and Food Services | 3 | 7.5% | |
| 8 | Other Services (except Public Administration) | 3 | 7.5% |
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* | 2 | — | — | 0 | — | 2 | 6 |
| FY2025 | 4 | $406K | $97K | 0 | — | 4 | 24 |
| FY2024 | 7 | $5.0M | $150K | 0 | — | 7 | 47 |
| FY2023 | 5 | $256K | $44K | 0 | — | 5 | 19 |
| FY2022 | 14 | $1.5M | $48K | 1 | — | 15 | 72 |
| FY2021 | 8 | $350K | $38K | 1 | — | 9 | 48 |
| FY2020 | 5 | $1.0M | $74K | 0 | — | 5 | 19 |
| FY2019 | 13 | $721K | $31K | 0 | — | 13 | 19 |
| FY2018 | 13 | $477K | $25K | 0 | — | 13 | 20 |
| FY2017 | 4 | $171K | $48K | 1 | — | 5 | 37 |
| FY2016 | 5 | $403K | $37K | 1 | — | 6 | 32 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 42 approvals.
Against Kentucky and the country
| FY2021–FY2025 | Woodford County | Kentucky | United States |
|---|---|---|---|
| Approvals | 40 | 2,558 | 342,825 |
| Approvals per 1,000 establishments | 64.7 | 27.1 | 41.0 |
| Median 7(a) approval | $54K | $150K | $190K |
| Median 504 approval | — | $495K | $657K |
| Average approval | $228K | $494K | $573K |
| 504 share of approvals | 5.0% | 5.7% | 11.0% |
| Jobs supported per approval, as reported | 5.3 | 11.0 | 10.5 |
| Share of state approvals | 1.6% | 100.0% | — |
Approval sizes
- $50,000 or less45.0%18
- $50,001 to $150,00035.0%14
- $150,001 to $350,00012.5%5
- $350,001 to $1 million2.5%1
- $1 million to $2 million2.5%1
- Over $2 million2.5%1
Age of the businesses
- Existing, more than 2 years old72.5%29
- New business, 2 years or less17.5%7
- Startup, loan funds will open the business7.5%3
- Change of ownership2.5%1
Questions and answers
Which lenders make the most SBA loans in Woodford County?
By approvals in FY2021 to FY2025: Community Trust Bank, Inc. (27), Stock Yards Bank & Trust Company (2), Readycap Lending, LLC (2), BayFirst National Bank (2), Alloy Development Co., Inc. (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Woodford County?
The median 7(a) approval was $54K; the Kentucky 7(a) median was $150K.
Which industries get the most SBA loans in Woodford County?
General Freight Trucking (6); Other Professional, Scientific, and Technical Services (5); Offices of Other Health Practitioners (4); Other Animal Production (4); Restaurants and Other Eating Places (2).
Is SBA lending in Woodford County rising?
Approvals in the three latest complete fiscal years total 16, against 29 in the three before: falling (-45%).
How does Woodford County compare with the rest of Kentucky?
64.7 approvals per 1,000 establishments against 27.1 statewide, and 40 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