First Kentucky Bank, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Kentucky Bank, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type Chicken Production | 12 | $2.1M | $174K | 24.0% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 5 | $378K | $76K | 10.0% |
| 561720 | Janitorial Services | 3 | $64K | $21K | 6.0% |
| 561730 | Landscaping Services | 2 | $77K | $39K | 4.0% |
| 238990 | All Other Specialty Trade Contractors | 2 | $18K | $9K | 4.0% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $55K | $28K | 4.0% |
| 238910 | Site Preparation Contractors | 1 | $56K | $56K | 2.0% |
| 488510 | Freight Transportation Arrangement | 1 | $30K | $30K | 2.0% |
| 624410 | Child Care Services | 1 | $20K | $20K | 2.0% |
| 531390 | Other Activities Related to Real Estate | 1 | $9K | $9K | 2.0% |
Geographic Distribution
SBA lending activity for First Kentucky Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 49 | $5.5M | 98.0% |
| Tennessee (TN) | 1 | $80K | 2.0% |
Why Choose First Kentucky Bank, Inc.?
Based on SBA 7(a) lending track record from 1991-2013
- ✓Proven Track Record: 50 SBA loans approved, totaling $5.6M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type Chicken Production, Electrical Contractors and Other Wiring Installation Contractors, Janitorial Services
- ✓Competitive Terms: Average interest rate of 6.82% with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $5K to $529K, with an average of $112K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KY, TN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Kentucky Bank, Inc. SBA lending
What types of businesses does First Kentucky Bank, Inc. typically finance?
First Kentucky Bank, Inc. specializes in SBA 7(a) lending to specific industries including broilers and other meat type chicken production, electrical contractors and other wiring installation contractors, janitorial services, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Kentucky Bank, Inc.'s typical SBA loan terms?
First Kentucky Bank, Inc.'s SBA 7(a) loans typically feature an average interest rate of 6.82% and average term length of 89 months (approximately 7 years). Loan sizes range from $5K to $529K, with an average loan size of $112K.
Do I need a business valuation for a First Kentucky Bank, Inc. SBA loan?
Yes, First Kentucky Bank, Inc. typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Kentucky Bank, Inc. compare to other SBA lenders?
First Kentucky Bank, Inc. has originated 50 SBA loans totaling $5.6M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Kentucky Bank, Inc. lend in?
First Kentucky Bank, Inc. provides SBA 7(a) financing with particularly strong presence in KY, TN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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Certified valuations are often required for SBA loans over $250,000.
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