How much do SBA lenders typically lend to a nursing care facilities business?

The median SBA approval in NAICS 623110 is $670,000, with the middle 80% of loans between $50,000 and $3,150,000. Across all industries the median is $180,000.

Which lenders are most active in nursing care facilities?

By dollars approved: Celtic Bank Corporation, Mountain West Small Business Finance, Mortgage Capital Development Corporation, The Huntington National Bank, Byline Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is nursing care facilities considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.6% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 623110 · Health Care

SBA loans for nursing care facilities

1,293 SBA loans worth $1.48B have been approved in this industry since FY2010 - the #166 most-financed NAICS code in the country.

Median loan

$670,000

+272% vs all industries

Typical range

$50K-$3.1M

Middle 80%

Median rate

6.25%

7(a) initial note rate

Median term

20 yr

Charge-off rate

4.6%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
Celtic Bank Corporation	74	$151.9M
Mountain West Small Business Finance	40	$71.0M
Mortgage Capital Development Corporation	28	$49.7M
The Huntington National Bank	81	$46.4M
Byline Bank	18	$31.5M
Wells Fargo Bank	53	$30.5M
Capital Certified Development Corporation	24	$28.4M
Florida First Capital Finance Corporation, Inc.	11	$23.9M
WBD, Inc.	20	$23.7M
Midwest Business Finance Corporation	16	$22.9M

Geography

Where these loans were made

State	Loans	Share
California	227
Texas	97
Minnesota	82
Wisconsin	69
Ohio	60
Michigan	60
Washington	58
Florida	57

Approvals by fiscal year

’10

’11

’12

’13

’14

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’16

’17

’18

’19

’20

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’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
8%
$50K - $150K
11%
$150K - $350K
16%
$350K - $1M
25%
$1M - $2M
19%
Over $2M
20%

Nearby

Other health care industries

See the sector

Offices of Dentists18,185 · $405,000 Offices of Physicians15,804 · $270,000 Child Care Services15,205 · $387,000 Offices of Chiropractors9,664 · $125,950 Home Health Care Services7,245 · $166,000 Offices of All Other Miscellaneous Health Practitioners5,784 · $150,000 Offices of Physical, Occupational and Speech Therapists, and Audiologists5,730 · $145,000 Offices of Mental Health Practitioners4,139 · $135,000

Common questions

How much do SBA lenders typically lend to a nursing care facilities business?: The median SBA approval in NAICS 623110 is $670,000, with the middle 80% of loans between $50,000 and $3,150,000. Across all industries the median is $180,000.
Which lenders are most active in nursing care facilities?: By dollars approved: Celtic Bank Corporation, Mountain West Small Business Finance, Mortgage Capital Development Corporation, The Huntington National Bank, Byline Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is nursing care facilities considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.6% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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