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.
Central Bank & Trust Co. appears in the U.S. SBA 7(a) and 504 FOIA loan-approval records. Contact the bank directly for current programs and terms.
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?
Ask Central Bank & Trust Co. directly — some branches take walk-ins, others book SBA conversations by appointment.
What are the hours of operation?
Hours vary by branch and change. Check Central Bank & Trust Co.'s website or call before you visit.
Is there a fee to use this?
Browsing this directory is free. Any loan fees are set by Central Bank & Trust Co. and the SBA program — ask the lender for its current schedule.
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?
Many SBA lenders look for a personal score around 640 or higher, but each bank sets its own bar and it changes. Ask Central Bank & Trust Co. what it looks for today.
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?
Most bank SBA teams work weekdays; confirm with Central Bank & Trust Co. before planning a weekend visit.
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 www.centralbank.com/locations/downtown-lexington-main-office — the same details are in the contact card on this page.
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?
Whether Central Bank & Trust Co. has SBA Preferred Lender (PLP) status is set by the SBA. Ask the bank directly; PLP lenders can approve in-house and often move faster.
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.