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SBA lenders in Florence, KY

SBA 7(a) and 504 loans to businesses in Florence (Boone County), October 2021 to June 30, 2026 · Updated October 15, 2026
64
SBA loans approved
$29.3M
Total approved
$200,000
Median loan
27
Lenders active
41%
To startups

64 SBA loans worth $29.3M went to businesses in Florence, KY between October 2021 and June 2026, from 27 lenders. Huntington National Bank made the most, 18 loans. The median loan was $200,000, compared with $175,000 across Kentucky, and other services (repair, personal care) was the most financed industry.

Most active SBA lenders in Florence

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
18$3.9M$77,50028%
2U.S. Bank
Bank · Cincinnati, OH
6$1.2M$40,00033%
3Alloy Development Co.
Certified development company · Cincinnati, OH
4$2.8M$627,5000%
4First Commonwealth Bank
Bank · Indiana, PA
4$2.6M$684,40025%
5Newtek Bank
Bank · Miami, FL
4$542K$80,00050%
6First Bank of the Lake
Bank · Osage Beach, MO
2$1.5M$734,500100%
7KeyBank
Bank · Cleveland, OH
2$550K$275,000100%
8CIBC Bank USA
Bank · Chicago, IL
2$325K$162,5000%
9Fifth Third Bank
Bank · Cincinnati, OH
2$275K$137,50050%
10Capital Access Corporation - Kentucky
Certified development company · Louisville, KY
2$140K$70,0000%
11Readycap Lending
Non-bank lender · Berkeley Heights, NJ
2$126K$63,25050%
12Heritage Bank
Bank · Burlington, KY
1$5.0M$5,000,0000%
13West Central Partnership
Certified development company · Perrysburg, OH
1$2.2M$2,250,0000%
14Indiana Statewide Certified Development
Certified development company · Indianapolis, IN
1$2.0M$2,021,000100%
15CFBank
Bank · Columbus, OH
1$1.5M$1,474,000100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Florence. For 504 loans the lender shown is the certified development company.

What gets financed in Florence

IndustryLoansShareMedian loanMost active lender
Other services (repair, personal care)19
30%
$350,000Huntington National Bank
Health care and social assistance9
14%
$100,000Huntington National Bank
Construction9
14%
$50,000Huntington National Bank
Restaurants and hotels7
11%
$80,000Huntington National Bank
Professional and technical services6
9%
$220,650First Commonwealth Bank
Retail6
9%
$309,000Huntington National Bank
Administrative and support services4
6%
$93,700Huntington National Bank
Arts, entertainment and recreation1
2%
$500,000Telhio Credit Union
Loan size mix
  • Under $150,00044%
  • $150,000 to $500,00030%
  • $500,000 to $2 million22%
  • $2 million and up5%
Compared with Kentucky
Median loan, Florence
$200,000
Median loan, Kentucky
$175,000
Startup share, Florence
41%
Startup share, Kentucky
35%
Share of state's SBA loans
2.7%

SBA loans per fiscal year in Florence

0102030FY14: 18 loansFY14FY15: 16 loansFY15FY16: 23 loansFY1623FY17: 19 loansFY17FY18: 20 loansFY18FY19: 14 loansFY19FY20: 12 loansFY20FY21: 20 loansFY21FY22: 16 loansFY22FY23: 7 loansFY23FY24: 16 loansFY24FY25: 14 loansFY25FY26 (Oct to Jun): 11 loansFY2611
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.