How much do SBA lenders typically lend to a services for the elderly and persons with disabilities business?

The median SBA approval in NAICS 624120 is $150,000, with the middle 80% of loans between $25,000 and $1,355,000. Across all industries the median is $180,000.

Which lenders are most active in services for the elderly and persons with disabilities?

By dollars approved: Live Oak Banking Company, Wells Fargo Bank, United Midwest Savings Bank, The Huntington National Bank, Open 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 services for the elderly and persons with disabilities considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 624120 · Health Care

SBA loans for services for the elderly and persons with disabilities

2,077 SBA loans worth $1.04B have been approved in this industry since FY2010 - the #114 most-financed NAICS code in the country.

Median loan

$150,000

-17% vs all industries

Typical range

$25K-$1.4M

Middle 80%

Median rate

7.62%

7(a) initial note rate

Median term

10 yr

Charge-off rate

7.5%

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
Live Oak Banking Company	186	$186.1M
Wells Fargo Bank	98	$42.9M
United Midwest Savings Bank	217	$30.9M
The Huntington National Bank	140	$30.8M
Open Bank	12	$21.8M
U.S. Bank	67	$21.2M
Bank of Hope	11	$21.0M
Harvest Small Business Finance, LLC	11	$19.0M
Readycap Lending, LLC	18	$14.1M
Enterprise Bank & Trust	10	$14.0M

Geography

Where these loans were made

State	Loans	Share
California	319
Texas	174
Ohio	143
Florida	136
Minnesota	106
New York	88
New Jersey	82
Pennsylvania	80

Approvals by fiscal year

’10

’11

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’14

’15

’16

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’18

’19

’20

’21

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’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
14%
$50K - $150K
25%
$150K - $350K
28%
$350K - $1M
19%
$1M - $2M
8%
Over $2M
6%

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 services for the elderly and persons with disabilities business?: The median SBA approval in NAICS 624120 is $150,000, with the middle 80% of loans between $25,000 and $1,355,000. Across all industries the median is $180,000.
Which lenders are most active in services for the elderly and persons with disabilities?: By dollars approved: Live Oak Banking Company, Wells Fargo Bank, United Midwest Savings Bank, The Huntington National Bank, Open 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 services for the elderly and persons with disabilities considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

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