Kentucky Small Businesses: Five Fast Facts

April 3, 2024

Delaney Sexton
Contributing Editor

Kentucky Small Businesses: Five Fast Facts

14,449 small businesses opened in Kentucky from March 2021 to March 2022.
In 2021, banks issued $1.2 billion in loans to Kentucky businesses with revenues of $1 million or less.
Banks reported $1.1 billion in new lending to businesses through loans of $100,000 or less.
New lending to businesses through loans of $1 million or less reached $3.5 billion.
3,854 small businesses were exporters in 2021, and those small businesses exported $3.5 billion in goods.