Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Kentucky.
In 2022 there were 69 SBA lenders that approved 406 SBA 7(a) loans for projects in Kentucky totaling $184,363,500. The average loan amount was $454,097. Borrowers from 100 cities were approved for projects in Kentucky for 151 industries. The SBA loan approvals in 2022 represent 4,482 jobs supported or saved in Kentucky.
There were 45 franchise branded businesses receiving 54 loan approvals for $52,639,600 with an average loan amount of $974,807.
Our forecast model projects $190 million in total Kentucky SBA 7(a) loan approval amounts in 2023 with $63 million to franchise businesses.
Kentucky Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Kentucky Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
