SBA Loans for Therapists & Mental Health Practices
4,608 SBA loans have funded therapists & mental health practices nationwide, averaging $233K across 612 active SBA lenders, at an average note rate of 8.7%. SBA 7(a) loans up to $5M fund acquiring a counseling or behavioral health group and office build out and additional treatment rooms; 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 behavioral health practice.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 621330), 2000 to present.
4,608
SBA Loans Funded
$233K
Average Loan
8.7%
Avg Note Rate
14 yrs
Avg Term
612
Active Lenders
7.6%
Charge Off Rate (resolved loan basis)
What therapists & mental health practices use SBA loans for
Where therapists & mental health practices get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 451 | $132.9M |
| Florida | 335 | $100.3M |
| Texas | 293 | $77.8M |
| New York | 225 | $39.3M |
| Massachusetts | 203 | $34.3M |
Talk to PeerSense about SBA capital for a behavioral health practice.
Tell us your loan amount and use of funds. PeerSense sources capital for a behavioral health practice, anywhere in the US.
SBA 7(a) / 504, Therapists & Mental Health Practices: The desk will reach out. No obligation.
How therapists & mental health practices qualify for an SBA loan
SBA 7(a) loans are the most common path for therapists & mental health practices financing acquiring a counseling or behavioral health group. 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 4,608 loans on record across 612 lenders and a 7.6% historical charge off rate, therapists & mental health practices 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.