Central Bank & Trust Co.
Central Bank & Trust Co. is an active SBA lender in the United States, a bank offering SBA-guaranteed small-business loans. Currently rated 3.3 stars across 26 Google reviews.
About Central Bank & Trust Co.
Offering comprehensive SBA financing options, this lender specializes in supporting small businesses through various loan programs. Whether you're seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on small business growth, they serve a diverse range of industries and are committed to fostering economic development in the Lexington area. Their services include SBA 7(a) loans, with a history of approving amounts up to $95,000, and they are well-versed in navigating the complexities of SBA lending standards. This institution emphasizes personalized service, quick turnaround times, and flexible financing options to help small businesses succeed and thrive in competitive markets.
Common questions about Central Bank & Trust Co.
What is this place and what can I find here?
This is a commercial bank that offers SBA loan programs and small business financing solutions to support local entrepreneurs and businesses in Lexington and beyond.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated during business hours.
What are the hours of operation?
Central Bank & Trust Co.'s downtown Lexington location is open Monday–Thursday 9 a.m. to 4 p.m. and Friday 9 a.m. to 6 p.m. (lobby hours), with drive-up service weekdays 8 a.m. to 6 p.m. Please confirm current hours with Central Bank & Trust Co.
Is there a fee to use this?
There are no fees to access basic information; however, loan processing and application fees may apply depending on the specific financing arrangement.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the Lexington area, but they also support regional clients seeking SBA financing.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 or higher is generally preferred for loan qualification.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.
Is this open on weekends?
Central Bank & Trust Co.'s downtown Lexington location is closed on weekends (Saturday and Sunday). Please confirm with the bank if other locations offer weekend hours.
How do I get there and where do I park?
Central Bank & Trust Co. is located at the address listed on this page — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Central Bank & Trust Co., an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Central Bank & Trust Co. itself, which runs its own lending under its own ownership. If you work at Central Bank & Trust Co., you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Central Bank & Trust Co. — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Central Bank & Trust Co. before applying. If you represent Central Bank & Trust Co., claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Central Bank & Trust Co. by phone at (859) 253-6013 or online at centralbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Central Bank & Trust Co. before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Central Bank & Trust Co. can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Central Bank & Trust Co. directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Central Bank & Trust Co. participates in SBA Express depends on its specific SBA lending authority. Contact Central Bank & Trust Co. and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Central Bank & Trust Co. can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Central Bank & Trust Co.'s appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Central Bank & Trust Co. directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Central Bank & Trust Co. what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Central Bank & Trust Co. to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Central Bank & Trust Co. to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Central Bank & Trust Co. weighs this case by case under its own policy, so be upfront about your history and ask Central Bank & Trust Co. how it evaluates prior bankruptcies.