SBA Loans for Nursing & Assisted Living Facilities
2,076 SBA loans have funded nursing & assisted living facilities nationwide, averaging $891K across 474 active SBA lenders, at an average note rate of 7.0%. SBA 7(a) loans up to $5M fund acquiring a nursing or assisted living facility and owner occupied real estate purchase; 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 nursing care facility.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 623110), 2000 to present.
2,076
SBA Loans Funded
$891K
Average Loan
7.0%
Avg Note Rate
17 yrs
Avg Term
474
Active Lenders
10.5%
Charge Off Rate (resolved loan basis)
What nursing & assisted living facilities use SBA loans for
Where nursing & assisted living facilities get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 368 | $348.6M |
| Texas | 157 | $142.4M |
| Florida | 141 | $108.7M |
| Minnesota | 114 | $89.9M |
| Ohio | 95 | $80.5M |
Talk to PeerSense about SBA capital for a nursing care facility.
Tell us your loan amount and use of funds. PeerSense sources capital for a nursing care facility, anywhere in the US.
SBA 7(a) / 504, Nursing & Assisted Living Facilities: The desk will reach out. No obligation.
How nursing & assisted living facilities qualify for an SBA loan
SBA 7(a) loans are the most common path for nursing & assisted living facilities financing acquiring a nursing or assisted living facility. 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 2,076 loans on record across 474 lenders and a 10.5% historical charge off rate, nursing & assisted living facilities 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.