Community Trust Bank, Inc. was recently honored with the Gold Lender Award by the U.S. Small Business Administration (SBA) as Kentucky’s top community bank SBA 7a lender in 2013–2014. This is the sixth consecutive year that Community Trust has received this award from the SBA.
In the federal fiscal year 2013– 2014, Community Trust Bank funded 98 SBA loans for more than $17.5 million. In Kentucky alone, the bank funded 84 loans totaling $14,245,100. In the last six years, Community Trust has funded more than 500 SBA loans, providing approximately $ 85 million for small businesses through its partnership with SBA.
Community Trust Bank, Inc. has been originating loans for more than 111 years. It has been an active participant in the government’s SBA programs for many years. Twenty-five loan officers at the bank’s 81 locations in Kentucky, West Virginia and Tennessee, including Reed Caudill at the bank’s branch in Whitesburg, obtained SBA loans for their customers during the year.
“We are pleased to once again receive this honor from the Small Business Administration,” said Mark Gooch, President and CEO of Community Trust Bank, Inc. “Over the years, the relationship with the SBA has been an excellent one for both Community Trust Bank and our customer base, allowing us to offer competitive business loan products across our service area. I’m proud of our employees as we look forward to continued profitable growth in this business in 2015.”