How Much Can Continuing Care Retirement Communities Businesses Get in SBA Loans?
946 SBA loans totaling $788.8M have been approved for continuing care retirement communities businesses (NAICS 623311). The average approved SBA loan is $834K, which is 145% above avg the $340K national average. 316 active lenders fund this industry with a 10.9% default rate on the matured 2018-2021 loan cohort.
At 10.9%, Continuing Care Retirement Communities sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 623311 (Continuing Care Retirement Communities) received 946 SBA loans worth $788.8M across 5+ states. Average loan $834K, average term 222 months, 10.9% default rate (resolved-loan basis).316 active SBA-approved lenders fund this industry. Most continuing care retirement communities loans use the SBA 504 program. There are approximately 5,506 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Continuing Care Retirement Communities?
Which SBA Program Do Continuing Care Retirement Communities Businesses Use Most?
What Is the Best SBA Loan for Continuing Care Retirement Communities?
43% of continuing care retirement communities loans use this program — ideal for real estate and major equipment purchases
Where Are Continuing Care Retirement Communities SBA Loans Most Common?
Top SBA Lenders for Continuing Care Retirement Communities
These banks have funded the most SBA loans for continuing care retirement communities businesses (NAICS 623311). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 33 | $20.5M |
| 2 | The Huntington National Bank(OH) | 28 | $15.4M |
| 3 | Readycap Lending, LLC(NJ) | 27 | $24.1M |
| 4 | Florida First Capital Finance(FL) | 23 | $40.3M |
| 5 | Eastern Idaho Development Corp(ID) | 21 | $13.5M |
Continuing Care Retirement Communities Industry Context
Ready to Fund Your Continuing Care Retirement Communities Business?
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How Does SBA Lending Work for Continuing Care Retirement Communities Businesses?
Across all SBA loan programs, 946 loans have been approved for businesses classified under NAICS 623311 (Continuing Care Retirement Communities), representing $788.8M in total capital deployed. The average approved loan of $834K is 145% above avg the national SBA average of $340K, with typical repayment terms of 222 months.
SBA lending for continuing care retirement communities has remained relatively stable across recent fiscal years. 316 active lenders continue funding this sector, providing consistent access to capital for both new ventures and established businesses looking to expand.
Notably, 43% of SBA loans in this industry use the 504 program — well above the national average — indicating that continuing care retirement communities businesses frequently finance major fixed assets like real estate, heavy equipment, or facility buildouts. The 504 program offers up to $5.5M with below-market fixed rates and only 10% down from the borrower.
PeerSense specializes in matching continuing care retirement communities business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Continuing Care Retirement Communities SBA Loans
What is the average SBA loan size for continuing care retirement communities businesses?
Which SBA loan program is best for a continuing care retirement communities business?
How many lenders fund SBA loans for continuing care retirement communities?
What states have the most SBA lending for continuing care retirement communities?
How does PeerSense help continuing care retirement communities businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Continuing Care Retirement Communities defined by NAICS code 623311. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.