The Lane Report -- Banking -10

Kentucky’s Top Banks for Small Business Loans*

Ten Kentucky banks have been included in a Small Business Administration listing of the best banks for small business lending.

The listing was compiled using the following variables: 1)microbusiness loans-to-assets ration, 2) microbusiness loans-to-total-business-loans ratio, 3) dollar volume of microbusiness loans and 4) total number of microbusiness loans.

According the SBA study, small businesses are in pretty good shape when it comes to obtaining loans: the number of approved "micro-loans" (those of $100,000 or less) increased 26.8 percent from 1996 to 1997.

Institution	% of micro-loans per total assets	Total number of micro-loans	Dollar volume of micro-loans
Bank of Mt. Vernon Mt. Vernon,KY 606/256-5141	38.7%	715	$42.22M
South Central Bank Glasgow, KY 502/651-7466	29.1%	816	$35.39M
Peoples Bank & Trust Co.of Hazard Hazard,KY 606/436-2161	27.9%	1,097	$43.72M
Citizens Guaranty Bank Richmond, KY 606/624-2138	26.4%	1,287	$19.43M
Farmer’s Bank & Trust Co.Georgetown, KY 502/863-2392	25.5%	374	$29.33M
Commonwealth Bank & Trust Co. Middletown, KY 502/244-7700	22.9%	477	$42.22M
Salyersville Nat’l. Bank Salyersville, KY 606/824-4436	22.2%	705	$14.24M
People’s Bank Mount Washington, KY 502/538-7301	21.6%	496	$20.39M
Eagle Bank Williamstown, KY 606/824-4436	20.2%	307	$20.1M
First Nat’l. Bank of Grayson Grayson, KY 606/474-2000	15.1%	617	$13.37M

* listed in order of percentage of micro-loans to assets

Source: Entrepreneur Magazine

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