Community Trust Bank, Inc.

This is a community-focused bank offering SBA loan programs and banking services tailored to small businesses in the Pikeville area, helping entrepreneurs secure funding for growth and expansion.

It is recommended to schedule an appointment to meet with a lending specialist, but walk-in consultations may also be available depending on branch hours and staff availability.

The bank's typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but it is best to check with the local branch for specific hours and appointment availability.

There are no fees for just visiting or consulting; however, loan processing and application fees may apply depending on the specific financing arrangement.

This bank primarily serves small business owners and entrepreneurs within the Pikeville region, but eligibility for loans depends on creditworthiness and business qualifications.

A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances and loan terms.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Community Trust Bank, Inc. typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Community Trust Bank, Inc. to confirm current weekend availability before you go.

Community Trust Bank, Inc. is located in Kentucky — 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.

This page is an independent directory listing for Community Trust Bank, Inc., an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Community Trust Bank, Inc. itself, which runs its own lending under its own ownership. If you work at Community Trust Bank, Inc., you can claim this listing from this page to manage it.

The core details for Community Trust Bank, Inc. — 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 Community Trust Bank, Inc. before applying. If you represent Community Trust Bank, Inc., claim this listing to keep its information up to date.

You can reach Community Trust Bank, Inc. by phone at (606) 432-1414 or online at ctbi.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 Community Trust Bank, Inc. before relying on them.

Based on its approved SBA loans, Community Trust Bank, Inc. most often finances businesses in general retail, construction & contractors, transportation & trucking, restaurants & food service, medical practices & clinics, and manufacturing. This reflects Community Trust Bank, Inc.'s real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Community Trust Bank, Inc. which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Community Trust Bank, Inc. participates in SBA Express depends on its specific SBA lending authority. Contact Community Trust Bank, Inc. and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Community Trust Bank, Inc. can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Community Trust Bank, Inc.'s appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Community Trust Bank, Inc. directly whether it considers start-up loans.

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 Community Trust Bank, Inc. what down payment it expects for your specific commercial real estate purchase.

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 Community Trust Bank, Inc. to spell out any prepayment penalties before you sign.

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 Community Trust Bank, Inc. to confirm it qualifies and how to document it.

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. Community Trust Bank, Inc. weighs this case by case under its own policy, so be upfront about your history and ask Community Trust Bank, Inc. how it evaluates prior bankruptcies.