FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Kentucky, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 462 loans in Kentucky: 442 under 7(a) and 20 under 504, worth $216M.
That is up 8% on FY2022, when there were 429 approvals worth $200M.
Kentucky accounted for 0.7% of the 63,286 approvals nationwide that year. 71 lenders had at least one approval in the state; The Huntington National Bank had the most, 68.
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 FY2023, of 71 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 68 | $17.2M | 14.7% | 65 | +3 |
| 2 | Community Trust Bank, Inc. | 7(a) | 45 | $9.4M | 9.7% | 60 | -15 |
| 3 | Stock Yards Bank & Trust Company | 7(a) | 44 | $17.7M | 9.5% | 27 | +17 |
| 4 | U.S. Bank, National Association | 7(a) | 43 | $5.8M | 9.3% | 61 | -18 |
| 5 | Republic Bank & Trust Company | 7(a) | 32 | $13.7M | 6.9% | 25 | +7 |
| 6 | PNC Bank, National Association | 7(a) | 21 | $2.8M | 4.5% | 10 | +11 |
| 7 | BayFirst National Bank | 7(a) | 12 | $1.5M | 2.6% | 9 | +3 |
| 8 | Old National Bank | 7(a) | 11 | $6.7M | 2.4% | 9 | +2 |
| 9 | JPMorgan Chase Bank, National Association | 7(a) | 9 | $4.7M | 1.9% | 1 | +8 |
| 10 | Live Oak Banking Company | 7(a) | 8 | $16.7M | 1.7% | 12 | -4 |
| 11 | First Financial Bank | 7(a) | 8 | $3.6M | 1.7% | 1 | +7 |
| 12 | Fifth Third Bank | 7(a) | 8 | $2.4M | 1.7% | 2 | +6 |
| 13 | Readycap Lending, LLC | 7(a) | 8 | $1.5M | 1.7% | 4 | +4 |
| 14 | WesBanco Bank, Inc. | 7(a) | 8 | $1.1M | 1.7% | 1 | +7 |
| 15 | Capital Access Corporation - Kentucky | 504 | 7 | $7.6M | 1.5% | 11 | -4 |
| 16 | Wilson & Muir Bank & Trust Company | 7(a) | 7 | $4.5M | 1.5% | 3 | +4 |
| 17 | Newtek Small Business Finance, Inc. | 7(a) | 7 | $2.1M | 1.5% | 11 | -4 |
| 18 | South Central Bank, Inc. | 7(a) | 7 | $1.5M | 1.5% | 8 | -1 |
| 19 | Heritage Bank Inc | 7(a) | 6 | $2.3M | 1.3% | 2 | +4 |
| 20 | GBank | 7(a) | 5 | $7.1M | 1.1% | 1 | +4 |
| 21 | Community Ventures Corporation | 504 | 5 | $6.6M | 1.1% | 9 | -4 |
| 22 | Alloy Development Co., Inc. | 504 | 5 | $2.3M | 1.1% | 10 | -5 |
| 23 | Newtek Bank, National Association | 7(a) | 5 | $905K | 1.1% | 0 | new |
| 24 | United Midwest Savings Bank National Association | 7(a) | 4 | $2.7M | 0.9% | 2 | +2 |
| 25 | Byline Bank | 7(a) | 4 | $2.7M | 0.9% | 4 | 0 |
| 26 | First Commonwealth Bank | 7(a) | 4 | $1.5M | 0.9% | 4 | 0 |
| 27 | KeyBank National Association | 7(a) | 4 | $1.1M | 0.9% | 1 | +3 |
| 28 | Peoples Bank | 7(a) | 3 | $7.6M | 0.6% | 0 | new |
| 29 | Celtic Bank Corporation | 7(a) | 3 | $5.5M | 0.6% | 0 | new |
| 30 | Peoples Bank | 7(a) | 3 | $2.2M | 0.6% | 6 | -3 |
| 31 | German American Bank | 7(a) | 3 | $938K | 0.6% | 4 | -1 |
| 32 | FNB Bank, Inc. | 7(a) | 3 | $775K | 0.6% | 2 | +1 |
| 33 | Eclipse Bank Inc | 7(a) | 2 | — | 0.4% | 2 | 0 |
| 34 | The Bancorp Bank National Association | 7(a) | 2 | — | 0.4% | 0 | new |
| 35 | Harvest Small Business Finance, LLC | 7(a) | 2 | — | 0.4% | 1 | +1 |
| 36 | Wright Patt Credit Union Inc | 7(a) | 2 | — | 0.4% | 1 | +1 |
| 37 | First Internet Bank of Indiana | 7(a) | 2 | — | 0.4% | 0 | new |
| 38 | Premier Capital Corporation | 504 | 2 | — | 0.4% | 3 | -1 |
| 39 | First Bank of the Lake | 7(a) | 2 | — | 0.4% | 1 | +1 |
| 40 | Capital Bank, National Association | 7(a) | 2 | — | 0.4% | 1 | +1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 126 | $63.7M | 27.3% | 96 | +30 |
| 2 | Fayette County | 46 | $15.3M | 10.0% | 45 | +1 |
| 3 | Kenton County | 40 | $13.2M | 8.7% | 24 | +16 |
| 4 | Campbell County | 21 | $7.3M | 4.5% | 14 | +7 |
| 5 | Boone County | 19 | $6.1M | 4.1% | 39 | -20 |
| 6 | Oldham County | 15 | $6.5M | 3.2% | 7 | +8 |
| 7 | Daviess County | 15 | $7.9M | 3.2% | 14 | +1 |
| 8 | Shelby County | 13 | $6.9M | 2.8% | 12 | +1 |
| 9 | Jessamine County | 12 | $5.0M | 2.6% | 4 | +8 |
| 10 | Warren County | 11 | $2.9M | 2.4% | 10 | +1 |
| 11 | Madison County | 9 | $7.3M | 1.9% | 10 | -1 |
| 12 | Scott County | 8 | $2.8M | 1.7% | 8 | 0 |
| 13 | Clark County | 7 | $701K | 1.5% | 5 | +2 |
| 14 | Montgomery County | 6 | $1.8M | 1.3% | 1 | +5 |
| 15 | Henderson County | 6 | $1.6M | 1.3% | 6 | 0 |
| 16 | Mason County | 6 | $4.3M | 1.3% | 4 | +2 |
| 17 | Pike County | 5 | $450K | 1.1% | 7 | -2 |
| 18 | Christian County | 5 | $2.3M | 1.1% | 3 | +2 |
| 19 | Woodford County | 5 | $256K | 1.1% | 15 | -10 |
| 20 | Calloway County | 5 | $1.7M | 1.1% | 2 | +3 |
| 21 | Bullitt County | 5 | $4.5M | 1.1% | 3 | +2 |
| 22 | Boyd County | 5 | $2.3M | 1.1% | 4 | +1 |
| 23 | Hardin County | 4 | $1.6M | 0.9% | 7 | -3 |
| 24 | Nelson County | 4 | $3.4M | 0.9% | 2 | +2 |
| 25 | Henry County | 4 | $1.8M | 0.9% | 0 | new |
| 26 | Laurel County | 4 | $735K | 0.9% | 3 | +1 |
| 27 | Floyd County | 4 | $594K | 0.9% | 1 | +3 |
| 28 | Marshall County | 3 | $2.0M | 0.6% | 2 | +1 |
| 29 | Barren County | 3 | $477K | 0.6% | 3 | 0 |
| 30 | Whitley County | 3 | $3.3M | 0.6% | 0 | new |
| 31 | Mercer County | 3 | $161K | 0.6% | 1 | +2 |
| 32 | McCracken County | 2 | — | 0.4% | 5 | -3 |
| 33 | Marion County | 2 | — | 0.4% | 1 | +1 |
| 34 | Simpson County | 2 | — | 0.4% | 4 | -2 |
| 35 | Edmonson County | 2 | — | 0.4% | 0 | new |
| 36 | Anderson County | 2 | — | 0.4% | 6 | -4 |
| 37 | Caldwell County | 2 | — | 0.4% | 0 | new |
| 38 | Greenup County | 2 | — | 0.4% | 1 | +1 |
| 39 | Owen County | 2 | — | 0.4% | 0 | new |
| 40 | Harrison County | 2 | — | 0.4% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Kentucky page.
FY2023 against FY2022
| Kentucky | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 442 | 393 |
| 7(a) dollars | $197M | $177M |
| Median 7(a) approval | $150K | $175K |
| 504 approvals | 20 | 36 |
| 504 dollars | $18.9M | $22.7M |
| Jobs supported, as reported | 5,795 | 4,576 |
Questions and answers
Which lenders made the most SBA loans in Kentucky in FY2023?
The Huntington National Bank (68), Community Trust Bank, Inc. (45), Stock Yards Bank & Trust Company (44), U.S. Bank, National Association (43), Republic Bank & Trust Company (32). 71 lenders had at least one approval.
How many SBA loans were approved in Kentucky in FY2023?
462: 442 under 7(a) worth $197M and 20 under 504 worth $18.9M.
Which Kentucky counties had the most SBA approvals in FY2023?
Jefferson County (126), Fayette County (46), Kenton County (40), Campbell County (21), Boone County (19).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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