Community Trust Bank, Inc. logo

Community Trust Bank, Inc.

Pikeville, KY bank: SBA 7(a), Express and 504 loans $3,500 to $5M for KY, WV, TN and OH businesses, 7.5% median rate, collateral required. Startups considered.

SBA & Government-Backed Loans:
SBA 7(a) LoansSBA Express Loans
Tags:
#Working Capital#Secured#Buying A Business

Rates & Cost

What the financing costs, normalized so lenders can be compared.

Estimated APR:
6.75% to 9.75% starting rates, median 7.5%, on 41 SBA 7(a) loans in the 12 months to Jun 30, 2026 (SBA FOIA); ~8.02% APR incl. 3% guaranty fee on a $350K 10-yr example
Pricing (as quoted by lender):
Lender does not publish rates or its spread; SBA variable-rate cap Prime + 3.0% on loans over $350K, Prime + 4.5% on $250,001 to $350K (sba.gov, checked 2026-10-27)
Cost to borrow $100K for 6 months:
≈$5,397 (interest at 7.5% on 10-yr amortization repaid at month 6 + $1,700 SBA guaranty fee at the standard 85% guaranty; SBA Express guaranty is 50%, so ≈$1,000 fee)
Fees:
SBA upfront guaranty fee 2% of guaranteed portion (≤$150K), 3% ($150,001 to $700K), 3.5%/3.75% above; guaranty 75%/85% standard, 50% on SBA Express; lender fees not published
Early payoff:
Allowed; SBA prepayment fee (5%/3%/1%) only on 15+ yr loans when 25%+ prepaid in first 3 years; lender policy not published
Pricing transparency (0-3):
0

Repayment Terms

How and how fast you pay it back, and how flexible it is.

Term:
12 to 252 months on the last 41 SBA 7(a) loans (15 at 120 months); up to 324 months since FY2020 (31 loans at 240 months) (SBA FOIA)
Repayment schedule:
Monthly, amortizing; 26 of 41 recent loans variable (tied to Prime), 15 fixed; 14 recent loans were revolving lines
Flexibility in slow months:
Low — monthly amortizing SBA payments; variable-rate loans rise with Prime

Eligibility & Access

Who qualifies and what you have to put on the line.

Funding amount:
$3,500 to $5M since FY2020; last 12 months $20,500 to $5,000,000, median $150,000 (SBA FOIA, as of Jun 30, 2026)
Minimum revenue:
Lender does not publish; must meet SBA size standards
Minimum time in business:
Lender does not publish; startups eligible (10 of 41 SBA 7(a) loans in the last 12 months)
Credit check:
Lender does not publish a score floor; loans subject to qualification and credit approval
Personal guarantee:
Required from owners of 20% or more (SBA rule)
Collateral & lien:
Secured; collateral taken on all 41 SBA 7(a) loans in the last 12 months

Speed & Service

How fast you get funded and how the lender treats you.

Time to funding:
Lender does not publish; standard SBA 7(a) loans often take 60 to 90 days (third-party); SBA Express loans (30 of the last 41) are approved in-house, while standard 7(a) loans add 5 to 10 business days of SBA review
Lender status:
Active (FDIC active; 41 SBA 7(a) approvals in the 12 months to Jun 30, 2026; checked 2026-10-27)

Company Verification

Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.

Legal entity:
Community Trust Bank, Inc.
Registered in:
Kentucky (FDIC cert #2720)
Company formed:
Chartered 1903
Website domain registered:
Jan 1997
Follow:
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Best for: Kentucky, West Virginia, Tennessee and Ohio businesses wanting a local SBA 7(a) or Express loan who can pledge collateral.

Not for: Borrowers outside that footprint, or anyone wanting posted rates or an unsecured loan.

Lender List verdict: Community Trust Bank is a Pikeville, Kentucky bank that approved 41 SBA 7(a) loans worth $18.0M in the year to June 30, 2026, at a 7.5% median rate.

Community Trust Bank at a glance

Community Trust Bank makes SBA 7(a), Express and 504 loans in four states.

Community Trust Bank
Lender typeFDIC-insured bank (cert 2720); SBA Express lender
Founded / HQ1903 / Pikeville, Kentucky
Amounts$3,500 to $5M (recent median $150,000)
Cost (headline)6.75% to 9.75%, median 7.5% (last 12 months)
Term12 to 252 months recently; up to 324 months since FY2020
StatusActive; last SBA approval June 24, 2026

What is Community Trust Bank?

Community Trust Bank is a Pikeville bank founded in 1903, owned by Community Trust Bancorp, Inc. (NASDAQ: CTBI), with $6.9 billion in assets.

It has approved 439 SBA 7(a) loans totaling $114.8M since FY2020, 372 to Kentucky borrowers, including 74 in FY2025 ($17.9M) and 27 in FY2026 through June ($13.4M). Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).

How a Community Trust Bank SBA loan works

Community Trust Bank arranges SBA loans face to face, mostly under SBA Express; it is not an SBA Preferred Lender. It also offers SBA 504 and USDA loans.

Community Trust Bank interest rates and fees

Community Trust Bank's SBA 7(a) loans in the past year started at 6.75% to 9.75%, median 7.5%. With Prime at 7.00%, SBA caps variable loans over $350K at 10.0%. SBA adds a 3% guaranty fee on the guaranteed share of loans from $150,001 to $700K; bank fees are unpublished.

Worked example: $350,000 over 10 years at 7.5% is $4,154.56 a month, or $148,547.43 in interest. Add the $7,875 guaranty fee ($350,000 × 75% × 3%) for total cost of $156,422.43, about 8.02% APR if the fee is paid from loan proceeds. That assumes a standard 75% guaranty; Express loans carry 50%, cutting the fee.

Community Trust Bank requirements

Community Trust Bank publishes no credit score or down payment floor.

RequirementCommunity Trust Bank
LocationBank's KY, WV, TN or OH markets
CollateralTaken on all 41 loans in the last 12 months
Personal guaranteeOwners of 20% or more
Business sizeMust meet SBA size standards
Credit score, time in business, down paymentLender does not publish

Compare SBA 7(a) lenders and SBA 504 lenders, or the national SBA lender Newtek Bank.

Frequently asked questions about Community Trust Bank

Is Community Trust Bank Legit? Yes. Community Trust Bank is an active FDIC-insured bank (certificate 2720) founded in 1903, with $6.9 billion in assets. Its parent trades on NASDAQ. The bank has made 439 SBA 7(a) loans since FY2020, and only 9 were later charged off.

How Long Does Community Trust Bank Take to Close an SBA Loan? Community Trust Bank does not publish a timeline; standard SBA 7(a) loans often take 60 to 90 days. Thirty of its last 41 loans were SBA Express, which the bank approves itself. Standard loans add 5 to 10 business days of SBA review.

Does Community Trust Bank Lend to Startups? Yes. Ten of Community Trust Bank's 41 SBA 7(a) loans in the past year funded businesses not yet open, and 3 more went to firms two years old or younger. In FY2025, 16 of its 74 SBA loans backed startups.

Where Is Community Trust Bank Located? Community Trust Bank is headquartered at 346 North Mayo Trail, Pikeville. It has 69 Kentucky locations, 6 in West Virginia and 3 in Tennessee. Of its last 41 SBA loans, 32 were in Kentucky, 8 in West Virginia and 1 in Ohio.

Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.

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