SBA Lenders in Kentucky
Top lenders ranked by real SBA lending data. See who's most active in Kentucky across deal count, loan size, and pricing.
What Borrowers Should Know
Kentucky's median 7(a) spread of P+2.12% is 63 basis points lower than the national median of P+2.75%. This suggests borrowers here are getting meaningfully better pricing—roughly $6,300 less in annual interest on a $1M loan. The competitive lender concentration (top 3 lenders control 68% of deals) likely drives this pricing advantage, though it also means shopping aggressively across all 91 active lenders is critical to capture the full benefit.
The average deal size of $406,057 against $1.3B in total volume across 3,193 deals shows Kentucky's SBA market is heavily weighted toward smaller borrowers. If your loan request exceeds $600K, you'll be in the upper quartile of deal activity, which may mean less lender experience with your size and potentially longer underwriting timelines. Conversely, if you're under $400K, you're in the sweet spot where lenders have high volume and streamlined processes.
U.S. Bank dominates with 1,076 deals (34% of all Kentucky SBA lending), nearly double the second-place lender. While this concentration signals strong program infrastructure and likely competitive terms, it also means your application may face higher approval thresholds and less flexibility. Community bank alternatives like Stock Yards Bank (484 deals) and Capital Access Corporation (177 deals) may offer more personalized review for borrowers with non-standard profiles or stronger local relationships.
Total SBA Loans
3,193
Active Lenders
91
Avg Deal Size
$406K
Total Volume
$1.3B
Top 10 Lenders in Kentucky
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | Bank | 1,076 | $179K | P + 2.00%GOOD | |
| 2 | The Huntington National Bank | Bank | 579 | $248K | P + 2.38%AVERAGE | |
| 3 | Stock Yards Bank & Trust Company | Bank | 484 | $447K | P + 1.25%COMPETITIVE | |
| 4 | Community Ventures Corporation | Bank | 194 | $671K | P + 3.25%ABOVE AVG | |
| 5 | Capital Access Corporation - K | CDC/504 | 177 | $739K | — | |
| 6 | South Central Bank, Inc. | Bank | 125 | $254K | P + 2.00%GOOD | |
| 7 | Newtek Bank, National Association | Bank | 72 | $317K | P + 3.00%ABOVE AVG | |
| 8 | First Savings Bank | Bank | 35 | $1.0M | P + 2.50%AVERAGE | |
| 9 | First Commonwealth Bank | Bank | 32 | $638K | P + 2.00%GOOD | |
| 10 | BankUnited, National Association | Bank | 31 | $1.2M | P + 2.75%AVERAGE |
Top Industries in Kentucky
SBA lending activity by industry segment.