FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Kentucky, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 429 loans in Kentucky: 393 under 7(a) and 36 under 504, worth $200M.
That is down 15% on FY2021, when there were 503 approvals worth $298M.
Kentucky accounted for 0.8% of the 56,932 approvals nationwide that year. 76 lenders had at least one approval in the state; The Huntington National Bank had the most, 65.
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 FY2022, of 76 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 65 | $20.3M | 15.2% | 77 | -12 |
| 2 | U.S. Bank, National Association | 7(a) | 61 | $3.0M | 14.2% | 43 | +18 |
| 3 | Community Trust Bank, Inc. | 7(a) | 60 | $11.0M | 14.0% | 77 | -17 |
| 4 | Stock Yards Bank & Trust Company | 7(a) | 27 | $19.6M | 6.3% | 25 | +2 |
| 5 | Republic Bank & Trust Company | 7(a) | 25 | $9.9M | 5.8% | 48 | -23 |
| 6 | Live Oak Banking Company | 7(a) | 12 | $13.7M | 2.8% | 11 | +1 |
| 7 | Newtek Small Business Finance, Inc. | 7(a) | 11 | $13.7M | 2.6% | 9 | +2 |
| 8 | Capital Access Corporation - Kentucky | 504 | 11 | $5.6M | 2.6% | 14 | -3 |
| 9 | Alloy Development Co., Inc. | 504 | 10 | $6.9M | 2.3% | 9 | +1 |
| 10 | PNC Bank, National Association | 7(a) | 10 | $2.9M | 2.3% | 3 | +7 |
| 11 | Community Ventures Corporation | 504 | 9 | $7.0M | 2.1% | 10 | -1 |
| 12 | Old National Bank | 7(a) | 9 | $4.4M | 2.1% | 8 | +1 |
| 13 | BayFirst National Bank | 7(a) | 9 | $1.4M | 2.1% | 2 | +7 |
| 14 | South Central Bank, Inc. | 7(a) | 8 | $3.3M | 1.9% | 5 | +3 |
| 15 | Peoples Bank | 7(a) | 6 | $2.9M | 1.4% | 4 | +2 |
| 16 | Byline Bank | 7(a) | 4 | $4.5M | 0.9% | 4 | 0 |
| 17 | First Commonwealth Bank | 7(a) | 4 | $2.9M | 0.9% | 5 | -1 |
| 18 | German American Bank | 7(a) | 4 | $1.8M | 0.9% | 7 | -3 |
| 19 | Readycap Lending, LLC | 7(a) | 4 | $786K | 0.9% | 2 | +2 |
| 20 | Regions Bank | 7(a) | 3 | $4.1M | 0.7% | 0 | new |
| 21 | SouthState Bank, National Association | 7(a) | 3 | $4.1M | 0.7% | 0 | new |
| 22 | Premier Capital Corporation | 504 | 3 | $1.6M | 0.7% | 9 | -6 |
| 23 | Wilson & Muir Bank & Trust Company | 7(a) | 3 | $884K | 0.7% | 4 | -1 |
| 24 | Eclipse Bank Inc | 7(a) | 2 | — | 0.5% | 0 | new |
| 25 | North Valley Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 26 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 0.5% | 12 | -10 |
| 27 | MVB Bank, Inc. | 7(a) | 2 | — | 0.5% | 0 | new |
| 28 | Heritage Bank Inc | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 29 | First Western SBLC, LLC | 7(a) | 2 | — | 0.5% | 3 | -1 |
| 30 | TowneBank | 7(a) | 2 | — | 0.5% | 5 | -3 |
| 31 | Merchants Bank of Indiana | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 32 | Fifth Third Bank | 7(a) | 2 | — | 0.5% | 4 | -2 |
| 33 | Wells Fargo Bank National Association | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 34 | Traditional Bank Inc | 7(a) | 2 | — | 0.5% | 0 | new |
| 35 | FNB Bank, Inc. | 7(a) | 2 | — | 0.5% | 6 | -4 |
| 36 | CIBC Bank USA | 7(a) | 2 | — | 0.5% | 0 | new |
| 37 | Forcht Bank, National Association | 7(a) | 2 | — | 0.5% | 4 | -2 |
| 38 | Bank of the Bluegrass & Trust Company | 7(a) | 2 | — | 0.5% | 0 | new |
| 39 | VelocitySBA, LLC | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 40 | Beacon Bank and Trust | 7(a) | 1 | — | 0.2% | 5 | -4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 96 | $51.3M | 22.4% | 127 | -31 |
| 2 | Fayette County | 45 | $20.6M | 10.5% | 45 | 0 |
| 3 | Boone County | 39 | $14.1M | 9.1% | 45 | -6 |
| 4 | Kenton County | 24 | $15.3M | 5.6% | 38 | -14 |
| 5 | Woodford County | 15 | $2.8M | 3.5% | 9 | +6 |
| 6 | Daviess County | 14 | $9.7M | 3.3% | 10 | +4 |
| 7 | Campbell County | 14 | $5.2M | 3.3% | 21 | -7 |
| 8 | Shelby County | 12 | $3.6M | 2.8% | 9 | +3 |
| 9 | Madison County | 10 | $4.1M | 2.3% | 3 | +7 |
| 10 | Warren County | 10 | $3.1M | 2.3% | 15 | -5 |
| 11 | Scott County | 8 | $5.7M | 1.9% | 8 | 0 |
| 12 | Oldham County | 7 | $5.0M | 1.6% | 8 | -1 |
| 13 | Hardin County | 7 | $3.4M | 1.6% | 12 | -5 |
| 14 | Pike County | 7 | $1.1M | 1.6% | 12 | -5 |
| 15 | Franklin County | 6 | $990K | 1.4% | 2 | +4 |
| 16 | Anderson County | 6 | $6.1M | 1.4% | 6 | 0 |
| 17 | Henderson County | 6 | $1.7M | 1.4% | 1 | +5 |
| 18 | McCracken County | 5 | $3.0M | 1.2% | 7 | -2 |
| 19 | Clark County | 5 | $3.1M | 1.2% | 3 | +2 |
| 20 | Pulaski County | 5 | $1.9M | 1.2% | 2 | +3 |
| 21 | Carroll County | 4 | $3.0M | 0.9% | 0 | new |
| 22 | Jessamine County | 4 | $1.5M | 0.9% | 12 | -8 |
| 23 | Boyd County | 4 | $2.1M | 0.9% | 6 | -2 |
| 24 | Garrard County | 4 | $403K | 0.9% | 1 | +3 |
| 25 | Simpson County | 4 | $2.3M | 0.9% | 0 | new |
| 26 | Bracken County | 4 | $827K | 0.9% | 1 | +3 |
| 27 | Mason County | 4 | $927K | 0.9% | 0 | new |
| 28 | Barren County | 3 | $572K | 0.7% | 1 | +2 |
| 29 | Christian County | 3 | $3.7M | 0.7% | 0 | new |
| 30 | Knox County | 3 | $1.4M | 0.7% | 2 | +1 |
| 31 | Bullitt County | 3 | $2.8M | 0.7% | 15 | -12 |
| 32 | Taylor County | 3 | $451K | 0.7% | 2 | +1 |
| 33 | Bourbon County | 3 | $973K | 0.7% | 3 | 0 |
| 34 | Laurel County | 3 | $2.7M | 0.7% | 3 | 0 |
| 35 | Marshall County | 2 | — | 0.5% | 5 | -3 |
| 36 | Graves County | 2 | — | 0.5% | 8 | -6 |
| 37 | Nelson County | 2 | — | 0.5% | 3 | -1 |
| 38 | Calloway County | 2 | — | 0.5% | 4 | -2 |
| 39 | Grant County | 2 | — | 0.5% | 2 | 0 |
| 40 | Grayson County | 2 | — | 0.5% | 1 | +1 |
The 40 counties with the most approvals; every county is on the Kentucky page.
FY2022 against FY2021
| Kentucky | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 393 | 459 |
| 7(a) dollars | $177M | $258M |
| Median 7(a) approval | $175K | $196K |
| 504 approvals | 36 | 44 |
| 504 dollars | $22.7M | $39.7M |
| Jobs supported, as reported | 4,576 | 6,438 |
Questions and answers
Which lenders made the most SBA loans in Kentucky in FY2022?
The Huntington National Bank (65), U.S. Bank, National Association (61), Community Trust Bank, Inc. (60), Stock Yards Bank & Trust Company (27), Republic Bank & Trust Company (25). 76 lenders had at least one approval.
How many SBA loans were approved in Kentucky in FY2022?
429: 393 under 7(a) worth $177M and 36 under 504 worth $22.7M.
Which Kentucky counties had the most SBA approvals in FY2022?
Jefferson County (96), Fayette County (45), Boone County (39), Kenton County (24), Woodford County (15).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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