FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Kentucky, FY2021
That fiscal year's approvals by lender and by county.
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.
In FY2021 (1 October 2020 to 30 September 2021) SBA approved 503 loans in Kentucky: 459 under 7(a) and 44 under 504, worth $298M.
That is up 29% on FY2020, when there were 391 approvals worth $174M.
Kentucky accounted for 0.8% of the 61,532 approvals nationwide that year. 71 lenders had at least one approval in the state; The Huntington National Bank had the most, 77.
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.
Approvals by lender
The 40 lenders with the most approvals to Kentucky businesses in FY2021, of 71 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 77 | $26.3M | 15.3% | 59 | +18 |
| 2 | Community Trust Bank, Inc. | 7(a) | 77 | $18.9M | 15.3% | 57 | +20 |
| 3 | Republic Bank & Trust Company | 7(a) | 48 | $25.4M | 9.5% | 26 | +22 |
| 4 | U.S. Bank, National Association | 7(a) | 43 | $9.6M | 8.5% | 53 | -10 |
| 5 | Stock Yards Bank & Trust Company | 7(a) | 25 | $9.4M | 5.0% | 6 | +19 |
| 6 | Capital Access Corporation - Kentucky | 504 | 14 | $14.8M | 2.8% | 5 | +9 |
| 7 | United Midwest Savings Bank National Association | 7(a) | 12 | $2.8M | 2.4% | 8 | +4 |
| 8 | Live Oak Banking Company | 7(a) | 11 | $17.7M | 2.2% | 8 | +3 |
| 9 | Community Ventures Corporation | 504 | 10 | $5.7M | 2.0% | 11 | -1 |
| 10 | Alloy Development Co., Inc. | 504 | 9 | $12.6M | 1.8% | 5 | +4 |
| 11 | First Merchants Bank | 7(a) | 9 | $10.3M | 1.8% | 7 | +2 |
| 12 | Premier Capital Corporation | 504 | 9 | $2.8M | 1.8% | 6 | +3 |
| 13 | First Financial Bank, National Association | 7(a) | 9 | $2.2M | 1.8% | 15 | -6 |
| 14 | Newtek Small Business Finance, Inc. | 7(a) | 9 | $2.2M | 1.8% | 4 | +5 |
| 15 | Old National Bank | 7(a) | 8 | $9.6M | 1.6% | 6 | +2 |
| 16 | German American Bank | 7(a) | 7 | $2.7M | 1.4% | 4 | +3 |
| 17 | FNB Bank, Inc. | 7(a) | 6 | $2.2M | 1.2% | 6 | 0 |
| 18 | Beacon Bank and Trust | 7(a) | 5 | $8.2M | 1.0% | 0 | new |
| 19 | TowneBank | 7(a) | 5 | $5.0M | 1.0% | 0 | new |
| 20 | First Commonwealth Bank | 7(a) | 5 | $3.5M | 1.0% | 7 | -2 |
| 21 | South Central Bank, Inc. | 7(a) | 5 | $2.5M | 1.0% | 0 | new |
| 22 | WesBanco Bank, Inc. | 7(a) | 5 | $851K | 1.0% | 0 | new |
| 23 | Byline Bank | 7(a) | 4 | $6.6M | 0.8% | 5 | -1 |
| 24 | First Financial Bank | 7(a) | 4 | $2.2M | 0.8% | 4 | 0 |
| 25 | Fifth Third Bank | 7(a) | 4 | $1.3M | 0.8% | 7 | -3 |
| 26 | Forcht Bank, National Association | 7(a) | 4 | $874K | 0.8% | 5 | -1 |
| 27 | Five Star Bank | 7(a) | 4 | $834K | 0.8% | 4 | 0 |
| 28 | Wilson & Muir Bank & Trust Company | 7(a) | 4 | $700K | 0.8% | 1 | +3 |
| 29 | Peoples Bank | 7(a) | 4 | $690K | 0.8% | 0 | new |
| 30 | Peoples Bank | 7(a) | 3 | $9.0M | 0.6% | 2 | +1 |
| 31 | GBank | 7(a) | 3 | $6.3M | 0.6% | 2 | +1 |
| 32 | First Western SBLC, LLC | 7(a) | 3 | $5.9M | 0.6% | 2 | +1 |
| 33 | Telhio Credit Union Inc | 7(a) | 3 | $4.5M | 0.6% | 0 | new |
| 34 | The Bancorp Bank National Association | 7(a) | 3 | $3.6M | 0.6% | 2 | +1 |
| 35 | KeyBank National Association | 7(a) | 3 | $1.7M | 0.6% | 2 | +1 |
| 36 | PNC Bank, National Association | 7(a) | 3 | $100K | 0.6% | 13 | -10 |
| 37 | United Bank | 7(a) | 2 | — | 0.4% | 0 | new |
| 38 | Celtic Bank Corporation | 7(a) | 2 | — | 0.4% | 1 | +1 |
| 39 | RiverHills Bank | 7(a) | 2 | — | 0.4% | 0 | new |
| 40 | First National Bank of Pennsylvania | 7(a) | 2 | — | 0.4% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 127 | $70.4M | 25.2% | 112 | +15 |
| 2 | Boone County | 45 | $25.9M | 8.9% | 24 | +21 |
| 3 | Fayette County | 45 | $23.1M | 8.9% | 32 | +13 |
| 4 | Kenton County | 38 | $26.9M | 7.6% | 36 | +2 |
| 5 | Campbell County | 21 | $11.0M | 4.2% | 9 | +12 |
| 6 | Warren County | 15 | $9.0M | 3.0% | 14 | +1 |
| 7 | Bullitt County | 15 | $13.4M | 3.0% | 2 | +13 |
| 8 | Hardin County | 12 | $12.2M | 2.4% | 5 | +7 |
| 9 | Jessamine County | 12 | $6.6M | 2.4% | 8 | +4 |
| 10 | Pike County | 12 | $2.9M | 2.4% | 3 | +9 |
| 11 | Daviess County | 10 | $4.7M | 2.0% | 7 | +3 |
| 12 | Woodford County | 9 | $642K | 1.8% | 5 | +4 |
| 13 | Shelby County | 9 | $9.6M | 1.8% | 4 | +5 |
| 14 | Scott County | 8 | $5.6M | 1.6% | 11 | -3 |
| 15 | Oldham County | 8 | $4.7M | 1.6% | 4 | +4 |
| 16 | Graves County | 8 | $2.6M | 1.6% | 0 | new |
| 17 | McCracken County | 7 | $7.8M | 1.4% | 5 | +2 |
| 18 | Boyd County | 6 | $1.4M | 1.2% | 1 | +5 |
| 19 | Anderson County | 6 | $2.0M | 1.2% | 2 | +4 |
| 20 | Marshall County | 5 | $4.3M | 1.0% | 3 | +2 |
| 21 | Greenup County | 5 | $1.8M | 1.0% | 2 | +3 |
| 22 | Calloway County | 4 | $2.7M | 0.8% | 5 | -1 |
| 23 | Boyle County | 4 | $1.5M | 0.8% | 0 | new |
| 24 | Meade County | 4 | $2.1M | 0.8% | 2 | +2 |
| 25 | Madison County | 3 | $2.8M | 0.6% | 5 | -2 |
| 26 | Lawrence County | 3 | $483K | 0.6% | 0 | new |
| 27 | Nelson County | 3 | $6.7M | 0.6% | 3 | 0 |
| 28 | Allen County | 3 | $560K | 0.6% | 1 | +2 |
| 29 | Bourbon County | 3 | $585K | 0.6% | 3 | 0 |
| 30 | Clark County | 3 | $2.8M | 0.6% | 0 | new |
| 31 | Laurel County | 3 | $5.7M | 0.6% | 2 | +1 |
| 32 | Fleming County | 3 | $487K | 0.6% | 4 | -1 |
| 33 | Franklin County | 2 | — | 0.4% | 1 | +1 |
| 34 | Montgomery County | 2 | — | 0.4% | 2 | 0 |
| 35 | Spencer County | 2 | — | 0.4% | 3 | -1 |
| 36 | Grant County | 2 | — | 0.4% | 0 | new |
| 37 | Knox County | 2 | — | 0.4% | 0 | new |
| 38 | Taylor County | 2 | — | 0.4% | 0 | new |
| 39 | Pulaski County | 2 | — | 0.4% | 7 | -5 |
| 40 | Hopkins County | 2 | — | 0.4% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Kentucky page.
FY2021 against FY2020
| Kentucky | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 459 | 364 |
| 7(a) dollars | $258M | $157M |
| Median 7(a) approval | $196K | $100K |
| 504 approvals | 44 | 27 |
| 504 dollars | $39.7M | $17.8M |
| Jobs supported, as reported | 6,438 | 3,526 |
Questions and answers
Which lenders made the most SBA loans in Kentucky in FY2021?
The Huntington National Bank (77), Community Trust Bank, Inc. (77), Republic Bank & Trust Company (48), U.S. Bank, National Association (43), Stock Yards Bank & Trust Company (25). 71 lenders had at least one approval.
How many SBA loans were approved in Kentucky in FY2021?
503: 459 under 7(a) worth $258M and 44 under 504 worth $39.7M.
Which Kentucky counties had the most SBA approvals in FY2021?
Jefferson County (127), Boone County (45), Fayette County (45), Kenton County (38), Campbell County (21).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error