How much do SBA lenders typically lend to a assisted living facilities for the elderly business?

The median SBA approval in NAICS 623312 is $700,000, with the middle 80% of loans between $100,000 and $2,844,000. Across all industries the median is $180,000.

Which lenders are most active in assisted living facilities for the elderly?

By dollars approved: Live Oak Banking Company, Celtic Bank Corporation, Pinnacle Bank, Columbia Bank, Wells Fargo 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 assisted living facilities for the elderly considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.4% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 623312 · Health Care

SBA loans for assisted living facilities for the elderly

3,629 SBA loans worth $4.03B have been approved in this industry since FY2010 - the #65 most-financed NAICS code in the country.

Median loan

$700,000

+289% vs all industries

Typical range

$100K-$2.8M

Middle 80%

Median rate

6.25%

7(a) initial note rate

Median term

25 yr

Charge-off rate

2.4%

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
Live Oak Banking Company	183	$348.0M
Celtic Bank Corporation	150	$228.2M
Pinnacle Bank	176	$197.5M
Columbia Bank	163	$156.4M
Wells Fargo Bank	188	$113.4M
Florida First Capital Finance Corporation, Inc.	45	$97.0M
Bank Five Nine	83	$90.7M
Harvest Small Business Finance, LLC	53	$67.7M
America First Federal Credit Union	40	$59.9M
Mortgage Capital Development Corporation	39	$57.6M

Geography

Where these loans were made

State	Loans	Share
California	725
Florida	370
Washington	276
Arizona	246
Texas	213
Wisconsin	178
Michigan	153
Minnesota	148

Approvals by fiscal year

’10

’11

’12

’13

’14

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’16

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’18

’19

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’21

’22

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’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
4%
$50K - $150K
9%
$150K - $350K
14%
$350K - $1M
36%
$1M - $2M
20%
Over $2M
17%

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 assisted living facilities for the elderly business?: The median SBA approval in NAICS 623312 is $700,000, with the middle 80% of loans between $100,000 and $2,844,000. Across all industries the median is $180,000.
Which lenders are most active in assisted living facilities for the elderly?: By dollars approved: Live Oak Banking Company, Celtic Bank Corporation, Pinnacle Bank, Columbia Bank, Wells Fargo 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 assisted living facilities for the elderly considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 2.4% 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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