PPP Loan Data: Kentucky
Paycheck Protection Program statistics for Kentucky. 112,847 loans disbursed, 4,739 unforgiven and potentially subject to enforcement.
Standard Enforcement Risk1.0% of national total
Avg: $86,844 per loan
$412M outstanding
95.8% forgiveness rate
PPP Program Overview: Kentucky
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 112,847 Paycheck Protection Program loans in Kentucky, totaling $9.8B. These loans supported approximately 892K jobs across the state during the COVID-19 pandemic.
Of these loans, 108,108 (95.8%) were fully forgiven. However, 4,739 loans totaling $412M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
This state has standard-level PPP enforcement activity.
Enforcement Risk in Kentucky
Kentucky has standard-level PPP enforcement activity. While enforcement is less concentrated here than in major metropolitan states, the DOJ PPP Strike Force operates nationally. Any borrower with an unforgiven loan or application discrepancies remains at risk regardless of geographic location.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against Kentucky borrowers for several more years. The 4,739 unforgiven loans in Kentucky represent the most immediate enforcement targets.
Kentucky vs. National Average
Frequently Asked Questions: PPP in Kentucky
How many PPP loans were issued in Kentucky?
Kentucky received 112,847 PPP loans totaling $9.8B between April 2020 and May 2021. The average loan size was $86,844, supporting approximately 892K jobs.
How many PPP loans in Kentucky were not forgiven?
Approximately 4,739 PPP loans in Kentucky (4.2% of total) were not forgiven, representing $412M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in Kentucky?
Kentucky is classified as "Standard" enforcement risk. This state has standard-level PPP enforcement activity. Borrowers in Kentucky with unforgiven loans or discrepancies in their applications should be aware of ongoing DOJ and SBA OIG enforcement activity.
Can I still face a PPP audit in Kentucky in 2026?
Yes. The False Claims Act has a 6-10 year statute of limitations. Since PPP loans were issued in 2020-2021, enforcement actions can continue through 2030-2031. Kentucky borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
4,739 Kentucky borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
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Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Data reflects the full PPP program period (April 2020 – May 2021). Last updated May 2026.