How Much Can Nursing Care Facilities Businesses Get in SBA Loans?
2,076 SBA loans totaling $1.8B have been approved for nursing care facilities businesses (NAICS 623110). The average approved SBA loan is $891K, which is 162% above avg the $340K national average. 474 active lenders fund this industry with a 10.5% default rate on the matured 2018-2021 loan cohort.
At 10.5%, Nursing Care Facilities 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 623110 (Nursing Care Facilities) received 2,076 SBA loans worth $1.8B across 5+ states. Average loan $891K, average term 203 months, 10.5% default rate (resolved-loan basis).474 active SBA-approved lenders fund this industry. Most nursing care facilities loans use the SBA 504 program.
Is SBA Lending Growing for Nursing Care Facilities?-25% decline
Which SBA Program Do Nursing Care Facilities Businesses Use Most?
What Is the Best SBA Loan for Nursing Care Facilities?
32% of nursing care facilities loans use this program — ideal for real estate and major equipment purchases
Where Are Nursing Care Facilities SBA Loans Most Common?
Top SBA Lenders for Nursing Care Facilities
These banks have funded the most SBA loans for nursing care facilities businesses (NAICS 623110). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 87 | $50.7M |
| 2 | The Huntington National Bank(OH) | 77 | $44.3M |
| 3 | Celtic Bank Corporation(UT) | 76 | $143.8M |
| 4 | Mountain West Small Business F(UT) | 55 | $79.9M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 45 | $9.7M |
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How Does SBA Lending Work for Nursing Care Facilities Businesses?
Across all SBA loan programs, 2,076 loans have been approved for businesses classified under NAICS 623110 (Nursing Care Facilities), representing $1.8B in total capital deployed. The average approved loan of $891K is 162% above avg the national SBA average of $340K, with typical repayment terms of 203 months.
SBA lending for nursing care facilities has contracted approximately 25% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 474 lenders remain active, maintaining competitive options for qualified borrowers.
Notably, 32% of SBA loans in this industry use the 504 program — well above the national average — indicating that nursing care facilities 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 nursing care facilities 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 — Nursing Care Facilities SBA Loans
What is the average SBA loan size for nursing care facilities businesses?
Which SBA loan program is best for a nursing care facilities business?
How many lenders fund SBA loans for nursing care facilities?
What states have the most SBA lending for nursing care facilities?
How does PeerSense help nursing care facilities businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Nursing Care Facilities defined by NAICS code 623110. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.