Top Kentucky SBA Lenders | SBA Loans in KY

Last annual update: Apr 15, 2024

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Few Kentucky-based banks were among the largest lenders to “The Bluegrass State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Kentucky:

Top SBA lenders in Kentucky

RankBankBank HQs# of LoansAvg Interest Avg Loan
1U.S. BankCINCINNATI, OH629.7% $306,148
2Huntington BankCOLUMBUS, OH4110.5% $188,944
3Community Trust BankPIKEVILLE, KY308.3% $244,893
4Stock Yards Bank & TrustLOUISVILLE, KY248.7% $531,442
5BayFirst National BankSaint Petersburg, FL2212.9% $126,600
6Republic Bank & TrustLOUISVILLE, KY228.2% $314,700
7Old National BankEVANSVILLE, IN139.1% $597,292
8United Midwest Savings BankDE GRAFF, OH1210.5% $1,539,167
9Readycap Lending, LLCBERKELEY HEIGHTS, NJ1112.8% $185,718
10PNC BankWILMINGTON, DE1011.2% $218,550
11Noah BankMiami, FL911.8% $286,111
12Newtek BankMiami, FL911.8% $286,111
13Fifth Third BankCINCINNATI, OH810.2% $518,850
14Northeast BankLEWISTON, ME811.3% $47,738
15Wilson & Muir Bank & TrustBARDSTOWN, KY78.9% $703,371
16JPMorgan Chase BankCOLUMBUS, OH613.2% $140,000
17Live OakWILMINGTON, NC610.0% $1,916,700
18First Financial BankCINCINNATI, OH58.3% $677,300
19South Central BankGLASGOW, KY58.8% $211,700
20KeyBankCLEVELAND, OH510.8% $218,360

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Top industries receiving SBA loans in Kentucky

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Limited-Service Restaurants219.5% $287,105
2Full-Service Restaurants199.7% $436,142
3All Other Specialty Trade Contractors1710.1% $308,029
4Residential Remodelers1311.0% $159,146
5Hotels (except Casino Hotels) and Motels129.8% $2,804,400
6Plumbing, Heating, and Air-Conditioning Contractors119.7% $128,264
7Beauty Salons910.3% $74,344
8Fitness and Recreational Sports Centers810.1% $294,450
9Offices of Physicians (except Mental Health Specialists)810.7% $218,750
10General Automotive Repair79.9% $359,286
11Landscaping Services710.7% $130,471
12General Freight Trucking, Long Distance, Truckload610.9% $99,833
13Snack and Nonalcoholic Beverage Bars611.2% $583,867
14All Other Personal Services59.9% $156,780
15Finish Carpentry Contractors511.0% $86,000
16General Freight Trucking, Local510.5% $46,900
17Pet Care (except Veterinary) Services510.1% $234,740
18Child Day Care Services48.6% $1,089,250
19Commercial and Institutional Building Construction49.0% $1,180,300
20Commercial Gravure Printing410.0% $512,500

SBA loans – Kentucky

A note about these Kentucky SBA lenders – People frequently ask us if one of the banks above is 1) on the Kentucky preferred lender list 2) an approved lender in Kentucky, or 3) participating in the Kentucky SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Kentucky and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Kentucky and in Louisville.

We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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