NAICS 623311 · Health Care
SBA loans for continuing care retirement communities
507 SBA loans worth $541.5M have been approved in this industry since FY2010 - the #335 most-financed NAICS code in the country.
Median loan
$659,000
+266% vs all industries
Typical range
$50K-$2.8M
Middle 80%
Median rate
6.00%
7(a) initial note rate
Median term
20 yr
Charge-off rate
4.5%
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 | Share |
|---|---|---|---|
| Florida First Capital Finance Corporation, Inc. | 19 | $38.6M | |
| Mountain West Small Business Finance | 14 | $20.2M | |
| Twin Cities-Metro Certified Development Company | 14 | $19.2M | |
| Celtic Bank Corporation | 13 | $15.7M | |
| The Huntington National Bank | 25 | $14.1M | |
| Amplio Economic Development Corporation | 7 | $13.5M | |
| WBD, Inc. | 10 | $12.4M | |
| Community Banks of Colorado, A Division of NBH Bank | 9 | $11.5M | |
| Eastern Idaho Development Corporation | 14 | $10.7M | |
| Wells Fargo Bank | 15 | $10.3M |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K8%
- $50K - $150K11%
- $150K - $350K15%
- $350K - $1M28%
- $1M - $2M21%
- Over $2M18%
Nearby
Other health care industries
Offices of Dentists18,185 · $405,000Offices of Physicians15,804 · $270,000Child Care Services15,205 · $387,000Offices of Chiropractors9,664 · $125,950Home Health Care Services7,245 · $166,000Offices of All Other Miscellaneous Health Practitioners5,784 · $150,000Offices of Physical, Occupational and Speech Therapists, and Audiologists5,730 · $145,000Offices of Mental Health Practitioners4,139 · $135,000
Common questions
- How much do SBA lenders typically lend to a continuing care retirement communities business?
- The median SBA approval in NAICS 623311 is $659,000, with the middle 80% of loans between $50,000 and $2,750,000. Across all industries the median is $180,000.
- Which lenders are most active in continuing care retirement communities?
- By dollars approved: Florida First Capital Finance Corporation, Inc., Mountain West Small Business Finance, Twin Cities-Metro Certified Development Company, Celtic Bank Corporation, The Huntington National 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 continuing care retirement communities considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.5% 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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