SBA Loans for Medical Laboratories
1,546 SBA loans have funded medical laboratories nationwide, averaging $358K across 293 active SBA lenders, at an average note rate of 7.3%. SBA 7(a) loans up to $5M fund acquiring or expanding a clinical lab and analyzers and diagnostic instrumentation; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for a medical laboratory.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 621511), 2000 to present.
1,546
SBA Loans Funded
$358K
Average Loan
7.3%
Avg Note Rate
10 yrs
Avg Term
293
Active Lenders
10.7%
Charge Off Rate (resolved loan basis)
What medical laboratories use SBA loans for
Where medical laboratories get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| Puerto Rico | 349 | $49.3M |
| California | 213 | $108.4M |
| Texas | 137 | $58.0M |
| Florida | 96 | $39.5M |
| Ohio | 51 | $17.1M |
Talk to PeerSense about SBA capital for a medical laboratory.
Tell us your loan amount and use of funds. PeerSense sources capital for a medical laboratory, anywhere in the US.
SBA 7(a) / 504, Medical Laboratories: The desk will reach out. No obligation.
How medical laboratories qualify for an SBA loan
SBA 7(a) loans are the most common path for medical laboratories financing acquiring or expanding a clinical lab. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 1,546 loans on record across 293 lenders and a 10.7% historical charge off rate, medical laboratories are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.