FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Kentucky, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 549 loans in Kentucky: 520 under 7(a) and 29 under 504, worth $241M.
That is up 19% on FY2023, when there were 462 approvals worth $216M.
Kentucky accounted for 0.7% of the 76,235 approvals nationwide that year. 78 lenders had at least one approval in the state; The Huntington National Bank had the most, 66.
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 FY2024, of 78 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 66 | $15.9M | 12.0% | 68 | -2 |
| 2 | Community Trust Bank, Inc. | 7(a) | 53 | $12.4M | 9.7% | 45 | +8 |
| 3 | U.S. Bank, National Association | 7(a) | 50 | $12.7M | 9.1% | 43 | +7 |
| 4 | Stock Yards Bank & Trust Company | 7(a) | 37 | $31.3M | 6.7% | 44 | -7 |
| 5 | Republic Bank & Trust Company | 7(a) | 26 | $6.2M | 4.7% | 32 | -6 |
| 6 | Newtek Bank, National Association | 7(a) | 25 | $7.2M | 4.6% | 5 | +20 |
| 7 | BayFirst National Bank | 7(a) | 25 | $3.1M | 4.6% | 12 | +13 |
| 8 | Northeast Bank | 7(a) | 25 | $1.6M | 4.6% | 2 | +23 |
| 9 | Readycap Lending, LLC | 7(a) | 23 | $3.6M | 4.2% | 8 | +15 |
| 10 | Live Oak Banking Company | 7(a) | 11 | $14.6M | 2.0% | 8 | +3 |
| 11 | Fifth Third Bank | 7(a) | 11 | $3.8M | 2.0% | 8 | +3 |
| 12 | JPMorgan Chase Bank, National Association | 7(a) | 11 | $2.4M | 2.0% | 9 | +2 |
| 13 | United Midwest Savings Bank National Association | 7(a) | 10 | $8.4M | 1.8% | 4 | +6 |
| 14 | American Bank & Trust Company, Inc. | 7(a) | 10 | $2.4M | 1.8% | 1 | +9 |
| 15 | PNC Bank, National Association | 7(a) | 10 | $2.0M | 1.8% | 21 | -11 |
| 16 | Alloy Development Co., Inc. | 504 | 9 | $5.1M | 1.6% | 5 | +4 |
| 17 | Old National Bank | 7(a) | 8 | $6.4M | 1.5% | 11 | -3 |
| 18 | Capital Access Corporation - Kentucky | 504 | 7 | $9.9M | 1.3% | 7 | 0 |
| 19 | SouthState Bank, National Association | 7(a) | 7 | $1.6M | 1.3% | 1 | +6 |
| 20 | Community Ventures Corporation | 504 | 6 | $3.1M | 1.1% | 5 | +1 |
| 21 | South Central Bank, Inc. | 7(a) | 6 | $2.0M | 1.1% | 7 | -1 |
| 22 | Peoples Bank | 7(a) | 6 | $1.1M | 1.1% | 3 | +3 |
| 23 | First Financial Bank, National Association | 7(a) | 6 | $812K | 1.1% | 1 | +5 |
| 24 | GBank | 7(a) | 5 | $7.6M | 0.9% | 5 | 0 |
| 25 | Celtic Bank Corporation | 7(a) | 5 | $3.3M | 0.9% | 3 | +2 |
| 26 | German American Bank | 7(a) | 5 | $2.5M | 0.9% | 3 | +2 |
| 27 | Heritage Bank Inc | 7(a) | 5 | $928K | 0.9% | 6 | -1 |
| 28 | Colony Bank | 7(a) | 5 | $750K | 0.9% | 0 | new |
| 29 | First Financial Bank | 7(a) | 4 | $1.9M | 0.7% | 8 | -4 |
| 30 | Purchase Area Development District | 504 | 4 | $805K | 0.7% | 0 | new |
| 31 | Peoples Bank | 7(a) | 3 | $8.5M | 0.5% | 3 | 0 |
| 32 | First Bank of the Lake | 7(a) | 3 | $4.6M | 0.5% | 2 | +1 |
| 33 | First Commonwealth Bank | 7(a) | 3 | $4.4M | 0.5% | 4 | -1 |
| 34 | TowneBank | 7(a) | 3 | $2.3M | 0.5% | 0 | new |
| 35 | Wilson & Muir Bank & Trust Company | 7(a) | 3 | $671K | 0.5% | 7 | -4 |
| 36 | Enterprise Bank & Trust | 7(a) | 2 | — | 0.4% | 0 | new |
| 37 | Heritage Federal Credit Union | 7(a) | 2 | — | 0.4% | 2 | 0 |
| 38 | First National Bank of Pennsylvania | 7(a) | 2 | — | 0.4% | 0 | new |
| 39 | United Cumberland Bank | 7(a) | 2 | — | 0.4% | 0 | new |
| 40 | Citizens Bank | 7(a) | 2 | — | 0.4% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 132 | $63.9M | 24.0% | 126 | +6 |
| 2 | Fayette County | 57 | $24.4M | 10.4% | 46 | +11 |
| 3 | Kenton County | 52 | $17.3M | 9.5% | 40 | +12 |
| 4 | Boone County | 31 | $11.2M | 5.6% | 19 | +12 |
| 5 | Daviess County | 21 | $6.2M | 3.8% | 15 | +6 |
| 6 | Warren County | 19 | $9.2M | 3.5% | 11 | +8 |
| 7 | Shelby County | 18 | $9.5M | 3.3% | 13 | +5 |
| 8 | Campbell County | 16 | $3.9M | 2.9% | 21 | -5 |
| 9 | Madison County | 13 | $3.1M | 2.4% | 9 | +4 |
| 10 | Pike County | 9 | $1.8M | 1.6% | 5 | +4 |
| 11 | Oldham County | 8 | $5.2M | 1.5% | 15 | -7 |
| 12 | Montgomery County | 8 | $2.8M | 1.5% | 6 | +2 |
| 13 | Boyd County | 8 | $627K | 1.5% | 5 | +3 |
| 14 | Jessamine County | 7 | $1.3M | 1.3% | 12 | -5 |
| 15 | Woodford County | 7 | $5.0M | 1.3% | 5 | +2 |
| 16 | Scott County | 6 | $870K | 1.1% | 8 | -2 |
| 17 | Hardin County | 6 | $2.6M | 1.1% | 4 | +2 |
| 18 | Bullitt County | 6 | $3.9M | 1.1% | 5 | +1 |
| 19 | Laurel County | 6 | $4.4M | 1.1% | 4 | +2 |
| 20 | Barren County | 5 | $4.7M | 0.9% | 3 | +2 |
| 21 | Christian County | 5 | $390K | 0.9% | 5 | 0 |
| 22 | Grant County | 5 | $596K | 0.9% | 1 | +4 |
| 23 | Pulaski County | 5 | $1.3M | 0.9% | 1 | +4 |
| 24 | Floyd County | 5 | $525K | 0.9% | 4 | +1 |
| 25 | Franklin County | 4 | $2.1M | 0.7% | 1 | +3 |
| 26 | Whitley County | 4 | $5.0M | 0.7% | 3 | +1 |
| 27 | Clark County | 4 | $2.0M | 0.7% | 7 | -3 |
| 28 | Hopkins County | 4 | $2.5M | 0.7% | 0 | new |
| 29 | Anderson County | 4 | $908K | 0.7% | 2 | +2 |
| 30 | Muhlenberg County | 4 | $10.0M | 0.7% | 1 | +3 |
| 31 | McCracken County | 3 | $3.4M | 0.5% | 2 | +1 |
| 32 | Nelson County | 3 | $866K | 0.5% | 4 | -1 |
| 33 | Logan County | 3 | $794K | 0.5% | 1 | +2 |
| 34 | Boyle County | 3 | $917K | 0.5% | 0 | new |
| 35 | Bourbon County | 3 | $810K | 0.5% | 1 | +2 |
| 36 | Lincoln County | 3 | $1.5M | 0.5% | 0 | new |
| 37 | Mercer County | 3 | $2.8M | 0.5% | 3 | 0 |
| 38 | Marshall County | 2 | — | 0.4% | 3 | -1 |
| 39 | Letcher County | 2 | — | 0.4% | 1 | +1 |
| 40 | Spencer County | 2 | — | 0.4% | 1 | +1 |
The 40 counties with the most approvals; every county is on the Kentucky page.
FY2024 against FY2023
| Kentucky | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 520 | 442 |
| 7(a) dollars | $217M | $197M |
| Median 7(a) approval | $150K | $150K |
| 504 approvals | 29 | 20 |
| 504 dollars | $23.6M | $18.9M |
| Jobs supported, as reported | 4,760 | 5,795 |
Questions and answers
Which lenders made the most SBA loans in Kentucky in FY2024?
The Huntington National Bank (66), Community Trust Bank, Inc. (53), U.S. Bank, National Association (50), Stock Yards Bank & Trust Company (37), Republic Bank & Trust Company (26). 78 lenders had at least one approval.
How many SBA loans were approved in Kentucky in FY2024?
549: 520 under 7(a) worth $217M and 29 under 504 worth $23.6M.
Which Kentucky counties had the most SBA approvals in FY2024?
Jefferson County (132), Fayette County (57), Kenton County (52), Boone County (31), Daviess County (21).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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