Community Trust Bank, Inc.: SBA business acquisition lending record
Community Trust Bank, Inc. (home state KY) approved 61 SBA 7(a) loans to buy existing businesses since FY2018, totaling $24M. The median loan was $225,000. It ranks number 145 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $115,000 and $432,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Kentucky is the largest state (79% of loans). Loans appear in only 4 states, which points to a regional lender.
- Industry concentration. Gasoline Stations with Convenience Stores is 11% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 428 SBA 7(a) loans of any purpose since FY2020, totaling $110M. 0% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 15% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: none charged off, against the 3.5% national average.
Community Trust Bank, Inc. acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $508K | $81,000 | |
| FY2019 | 3 | $684K | $224,000 | |
| FY2020 | 5 | $1.9M | $324,000 | |
| FY2021 | 17 | $9.4M | $180,000 | |
| FY2022 | 5 | $2.1M | $365,000 | |
| FY2023 | 4 | $2.4M | $400,000 | |
| FY2024 | 8 | $1.5M | $190,000 | |
| FY2025 | 10 | $4.6M | $420,000 | |
| FY2026 | 4 | $917K | $192,000 |
How often do these acquisition loans fail?
Of the 30 Community Trust Bank, Inc. acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 12 have already been paid in full.
For comparison, Community Trust Bank, Inc. has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Kentucky | 48 | 78.7% | $14.1M | |
| 2 | Ohio | 6 | 9.8% | $2.5M | |
| 3 | West Virginia | 4 | 6.6% | $1.5M | |
| 4 | Tennessee | 3 | 4.9% | $5.8M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 7 | 11.5% | $4.6M | |
| 2 | Full-Service Restaurants | 6 | 9.8% | $998K | |
| 3 | Offices of All Other Miscellaneous Health Practitioners | 4 | 6.6% | $1.2M | |
| 4 | Limited-Service Restaurants | 4 | 6.6% | $795K | |
| 5 | Sporting Goods Retailers | 3 | 4.9% | $890K | |
| 6 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | 4.9% | $635K | |
| 7 | Clothing and Clothing Accessories Retailers | 3 | 4.9% | $408K | |
| 8 | Car Washes | 2 | 3.3% | $1.1M | |
| 9 | Hotels (except Casino Hotels) and Motels | 2 | 3.3% | $913K |
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Rodeway Inn | 1 | 1.6% | $689K | |
| 2 | Subway | 1 | 1.6% | $240K |
Questions buyers ask
Does Community Trust Bank, Inc. make SBA acquisition loans?
Yes. Community Trust Bank, Inc. approved 61 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 145 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Community Trust Bank, Inc.'s acquisition loans?
The median was $225,000, with the middle half between $115,000 and $432,000. The national median is $645,250, so this lender's typical loan is 65% lower than the national figure.
Which states does Community Trust Bank, Inc. lend in?
Kentucky (48), Ohio (6), West Virginia (4), Tennessee (3). Its loans appear in 4 states, so it is closer to a regional lender.
Which industries does Community Trust Bank, Inc. finance?
Gasoline Stations with Convenience Stores (7), Full-Service Restaurants (6), Offices of All Other Miscellaneous Health Practitioners (4), Limited-Service Restaurants (4), Sporting Goods Retailers (3). The top industry is 11% of its acquisition loans.
How have Community Trust Bank, Inc.'s acquisition loans performed?
Of 30 loans approved FY2018 to FY2021: none charged off, against the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Kentucky acquisitions
- Ohio acquisitions
- West Virginia acquisitions
- Gasoline Stations with Convenience Stores
- Full-Service Restaurants
- Offices of All Other Miscellaneous Health Practitioners
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Community Trust Bank, Inc..