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NAICS 623990 · Health Care
SBA loans for other residential care facilities
642 SBA loans worth $374.1M have been approved in this industry since FY2010 - the #287 most-financed NAICS code in the country.
Median loan
$321,500
+79% vs all industries
Typical range
$25K-$1.4M
Middle 80%
Median rate
6.50%
7(a) initial note rate
Median term
20 yr
Charge-off rate
4.1%
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 |
|---|---|---|---|
| Columbia Bank | 54 | $57.0M | |
| Wells Fargo Bank | 73 | $24.9M | |
| Celtic Bank Corporation | 12 | $13.8M | |
| Mortgage Capital Development Corporation | 9 | $10.4M | |
| Live Oak Banking Company | 8 | $10.2M | |
| First Merchants Bank | 7 | $9.2M | |
| Gesa CU | 8 | $8.3M | |
| Byline Bank | 5 | $8.2M | |
| Enterprise Bank & Trust | 7 | $8.1M | |
| Glacier Bank | 18 | $7.8M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 120 | |
| Washington | 88 | |
| Wisconsin | 39 | |
| Minnesota | 38 | |
| Oregon | 31 | |
| Michigan | 26 | |
| Texas | 25 | |
| Maryland | 25 |
An SBA 7(a) lender for loans this size
51% of the SBA loans approved in other residential care facilities since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K17%
- $50K - $150K17%
- $150K - $350K17%
- $350K - $1M29%
- $1M - $2M15%
- Over $2M5%
Franchise brands in Other Residential Care Facilities
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Comfort Keepers | 4 | $1.0M | |
| Right at Home | 3 | $988K | |
| A Place At Home | 3 | $476K | |
| Bee Hive Homes | 2 | $3.0M | |
| Assisting Hands Home Care | 2 | $135K | |
| Nurse Next Door | 2 | $110K | |
| Senior Helpers | 2 | $1.8M | |
| Bee Hive Homes of America | 1 | $950K | |
| Home Instead Senior Care | 1 | $259K | |
| Always Best Care Senior Services | 1 | $50K |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other health care industries
Common questions
- How much do SBA lenders typically lend to a other residential care facilities business?
- The median SBA approval in NAICS 623990 is $321,500, with the middle 80% of loans between $25,000 and $1,406,000. Across all industries the median is $180,000.
- Which lenders are most active in other residential care facilities?
- By dollars approved: Columbia Bank, Wells Fargo Bank, Celtic Bank Corporation, Mortgage Capital Development Corporation, Live Oak Banking Company. 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 other residential care facilities considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.1% 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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