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SBA lenders in Covington, KY

SBA 7(a) and 504 loans to businesses in Covington (Kenton County), October 2021 to June 30, 2026 · Updated October 15, 2026
54
SBA loans approved
$22.5M
Total approved
$150,000
Median loan
16
Lenders active
19%
To startups

54 SBA loans worth $22.5M went to businesses in Covington, KY between October 2021 and June 2026, from 16 lenders. Huntington National Bank made the most, 18 loans. The median loan was $150,000, compared with $175,000 across Kentucky, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Covington

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
18$6.5M$107,90028%
2U.S. Bank
Bank · Cincinnati, OH
7$264K$30,00014%
3First Commonwealth Bank
Bank · Indiana, PA
4$1.9M$350,0000%
4BayFirst National Bank
Bank · St. Petersburg, FL
4$535K$150,0000%
5Stock Yards Bank & Trust
Bank · Louisville, KY
3$5.7M$2,644,50033%
6Northeast Bank
Bank · Portland, ME
3$124K$50,0000%
7KeyBank
Bank · Cleveland, OH
2$911K$455,5000%
8American Momentum Bank
Bank · College Station, TX
2$802K$401,0000%
9Alloy Development Co.
Certified development company · Cincinnati, OH
2$590K$295,0000%
10Heritage Bank
Bank · Burlington, KY
2$458K$229,0000%
11First Financial Bank
Bank · Cincinnati, OH
2$294K$146,8500%
12Banc of California
Bank · Los Angeles, CA
1$2.0M$1,997,000100%
13Newtek Small Business Finance
Non-bank lender · Lake Success, NY
1$1.1M$1,135,0000%
14Wright Patt Credit Union
Credit union · Beavercreek, OH
1$858K$857,900100%
15First Western SBLC
Non-bank lender · Dallas, TX
1$295K$295,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Covington. For 504 loans the lender shown is the certified development company.

What gets financed in Covington

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels12
22%
$234,750Huntington National Bank
Manufacturing7
13%
$150,000Huntington National Bank
Construction5
9%
$50,000Huntington National Bank
Other services (repair, personal care)5
9%
$30,000U.S. Bank
Professional and technical services5
9%
$100,000First Financial Bank
Information and media5
9%
$400,000First Commonwealth Bank
Wholesale trade4
7%
$57,250Huntington National Bank
Arts, entertainment and recreation3
6%
$90,800Huntington National Bank
Loan size mix
  • Under $150,00048%
  • $150,000 to $500,00028%
  • $500,000 to $2 million20%
  • $2 million and up4%
Compared with Kentucky
Median loan, Covington
$150,000
Median loan, Kentucky
$175,000
Startup share, Covington
19%
Startup share, Kentucky
35%
Share of state's SBA loans
2.3%

SBA loans per fiscal year in Covington

071320FY14: 9 loansFY14FY15: 8 loansFY15FY16: 8 loansFY16FY17: 9 loansFY17FY18: 6 loansFY18FY19: 6 loansFY19FY20: 8 loansFY20FY21: 14 loansFY21FY22: 11 loansFY22FY23: 12 loansFY23FY24: 8 loansFY24FY25: 16 loansFY2516FY26 (Oct to Jun): 7 loansFY267
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.