Stock Yards Bank & Trust Company: SBA business acquisition lending record
Stock Yards Bank & Trust Company (home state KY) approved 100 SBA 7(a) loans to buy existing businesses since FY2018, totaling $91.4M. The median loan was $471,100. It ranks number 99 of 280 lenders by count and made 0.2% of all SBA acquisition loans nationally.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $267,400 and $1,388,525. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Kentucky is the largest state (54% of loans). Loans appear in only 9 states, which points to a regional lender.
- Industry concentration. All Other Specialty Trade Contractors is 9% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 364 SBA 7(a) loans of any purpose since FY2020, totaling $214M. 58% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 29% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 3.9% charged off, 9% higher than the 3.5% national average.
Stock Yards Bank & Trust Company acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $579K | $289,400 | |
| FY2019 | 4 | $7.4M | $1,991,250 | |
| FY2020 | 9 | $4.5M | $179,900 | |
| FY2021 | 11 | $9.6M | $458,600 | |
| FY2022 | 14 | $9.5M | $369,050 | |
| FY2023 | 20 | $14M | $495,600 | |
| FY2024 | 12 | $13M | $929,250 | |
| FY2025 | 22 | $28.2M | $538,000 | |
| FY2026 | 6 | $4.5M | $426,400 |
How often do these acquisition loans fail?
Of the 26 Stock Yards Bank & Trust Company acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 3.9% by loan count and 1.9% by dollars. 8 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Stock Yards Bank & Trust Company is 9% higher than the acquisition-loan average. 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 | 54 | 54.0% | $41.8M | |
| 2 | Indiana | 28 | 28.0% | $27.3M | |
| 3 | Ohio | 12 | 12.0% | $14.1M | |
| 4 | Georgia | 1 | 1.0% | $3.6M | |
| 5 | Connecticut | 1 | 1.0% | $1.6M | |
| 6 | Pennsylvania | 1 | 1.0% | $1.5M | |
| 7 | Florida | 1 | 1.0% | $1.1M | |
| 8 | Illinois | 1 | 1.0% | $367K | |
| 9 | Michigan | 1 | 1.0% | $106K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | All Other Specialty Trade Contractors | 9 | 9.0% | $5.3M | |
| 2 | Full-Service Restaurants | 7 | 7.0% | $3.5M | |
| 3 | Used Household and Office Goods Moving | 6 | 6.0% | $8.6M | |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 4 | 4.0% | $5.8M | |
| 5 | All Other Miscellaneous Retailers | 4 | 4.0% | $3.6M | |
| 6 | Hardware Retailers | 4 | 4.0% | $3.5M | |
| 7 | Limited-Service Restaurants | 4 | 4.0% | $1.5M | |
| 8 | Food Service Contractors | 3 | 3.0% | $4M | |
| 9 | Car Washes | 3 | 3.0% | $3.2M | |
| 10 | All Other Amusement and Recreation Industries | 2 | 2.0% | $3.1M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Two Men and a Truck | 6 | 6.0% | $8.6M | |
| 2 | Do it Best | 4 | 4.0% | $3.5M | |
| 3 | Ritter's Frozen Custard | 3 | 3.0% | $404K | |
| 4 | Bee Hive Homes | 2 | 2.0% | $2.4M | |
| 5 | Mosquito Joe | 2 | 2.0% | $956K | |
| 6 | Subway | 2 | 2.0% | $740K | |
| 7 | Allegra | 2 | 2.0% | $514K | |
| 8 | Sky Zone | 1 | 1.0% | $2.8M | |
| 9 | Closet Factory | 1 | 1.0% | $539K | |
| 10 | The UPS Store | 1 | 1.0% | $350K |
Questions buyers ask
Does Stock Yards Bank & Trust Company make SBA acquisition loans?
Yes. Stock Yards Bank & Trust Company approved 100 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 99 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 Stock Yards Bank & Trust Company's acquisition loans?
The median was $471,100, with the middle half between $267,400 and $1,388,525. The national median is $645,250, so this lender's typical loan is 27% lower than the national figure.
Which states does Stock Yards Bank & Trust Company lend in?
Kentucky (54), Indiana (28), Ohio (12), Georgia (1), Connecticut (1), Pennsylvania (1). Its loans appear in 9 states, so it is closer to a regional lender.
Which industries does Stock Yards Bank & Trust Company finance?
All Other Specialty Trade Contractors (9), Full-Service Restaurants (7), Used Household and Office Goods Moving (6), Plumbing, Heating, and Air-Conditioning Contractors (4), All Other Miscellaneous Retailers (4). The top industry is 9% of its acquisition loans.
How have Stock Yards Bank & Trust Company's acquisition loans performed?
Of 26 loans approved FY2018 to FY2021: 3.9% charged off, 9% higher than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
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Related
- Kentucky acquisitions
- Indiana acquisitions
- Ohio acquisitions
- All Other Specialty Trade Contractors
- Full-Service Restaurants
- Used Household and Office Goods Moving
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Stock Yards Bank & Trust Company.