Assisted Living Facilities for the Elderly: SBA business acquisition loan data
443 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Assisted Living Facilities for the Elderly (NAICS 623312), totaling $630M. Median loan $997,300, 55% higher than the all-acquisition median.
- Loans, FY2018-FY2026
- 443
- Median loan
- $997,300 (middle half $623,750 to $1,774,500)
- Top lender
- Live Oak Banking Company (12%, 55 loans)
- Top state
- California
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 38 (-28% vs FY2025)
SBA lenders approved 443 7(a) loans to buy businesses in the Assisted Living Facilities for the Elderly industry from FY2018-FY2026, with a median of $997,300 and a middle half of $623,750 to $1,774,500. Live Oak Banking Company made 12% of them. FY2026 had 38 loans, down 28% from FY2025.
The purchase agreement decides what you bought, not the loan approval.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $1,774,500 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.9% of all SBA-financed business purchases, ranking #22 of 300 industries tracked.
- Geography. California leads with 116 loans; the top five states account for 63% of the industry's acquisitions.
- Jobs. Lenders reported 6,475 jobs supported across these loans, about 14.6 per acquisition, a rough proxy for the size of business changing hands.
How the Assisted Living Facilities for the Elderly industry compares
| Measure | Assisted Living Facilities... | All acquisitions |
|---|---|---|
| Median loan | $997,300 | $645,250 |
| Middle half of loans | $623,750 to $1,774,500 | $283,000 to $1,465,000 |
| Average initial rate | 7.37% | 7.76% |
| Median term | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 3.5% |
| Loans in sample | 443 | 48,902 |
The median for Assisted Living Facilities for the Elderly acquisition loans is $997,300, well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $623,750 to $1,774,500, against $283,000 to $1,465,000 nationally; the median term is 25 years, longer than the national median of 10 years; the average initial rate is 7.37%, below the 7.76% national average.
None of the seasoned loans were charged off, against 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Assisted Living Facilities... | All acquisitions |
|---|---|---|
| Under $350K | 12% | 30% |
| $350K to under $1M | 39% | 33% |
| $1M to under $2M | 27% | 19% |
| $2M and over | 22% | 17% |
Most Assisted Living Facilities for the Elderly acquisition loans (51%) were under $1M, and the largest single band is $350K to under $1M at 39%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 12% of Assisted Living Facilities for the Elderly acquisition loans, and the top three lenders together made 33%. 40 of the 119 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 91 Assisted Living Facilities for the Elderly acquisition loans were approved. That is 3% more than the 88 approved in FY2023 and FY2024. The median was $995,000, in line with the $997,300 median across all years.
Assisted Living Facilities for the Elderly acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 31 | $32.9M | $706,500 | |
| FY2019 | 61 | $69.4M | $795,000 | |
| FY2020 | 48 | $75.3M | $923,000 | |
| FY2021 | 75 | $121M | $1,105,000 | |
| FY2022 | 49 | $61.1M | $833,000 | |
| FY2023 | 49 | $69.1M | $1,194,300 | |
| FY2024 | 39 | $70.5M | $1,289,000 | |
| FY2025 | 53 | $72M | $995,000 | |
| FY2026 | 38 | $59.1M | $1,064,550 |
How often do these acquisition loans fail?
Of the 215 Assisted Living Facilities for the Elderly acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 125 have already been paid in full.
For comparison, Assisted Living Facilities for the Elderly has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 116 | 26.2% | $171M | |
| 2 | Washington | 67 | 15.1% | $80.2M | |
| 3 | Arizona | 39 | 8.8% | $47.9M | |
| 4 | Florida | 38 | 8.6% | $61.7M | |
| 5 | North Carolina | 18 | 4.1% | $25.3M | |
| 6 | Michigan | 16 | 3.6% | $17.2M | |
| 7 | Texas | 14 | 3.2% | $26.8M | |
| 8 | Wisconsin | 13 | 2.9% | $22.7M | |
| 9 | Georgia | 12 | 2.7% | $14M | |
| 10 | Oregon | 11 | 2.5% | $10M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 55 | 12.4% | $113M | |
| 2 | Pinnacle Bank | 54 | 12.2% | $65.8M | |
| 3 | Celtic Bank Corporation | 36 | 8.1% | $68.3M | |
| 4 | Columbia Bank | 30 | 6.8% | $27.8M | |
| 5 | Gesa CU | 13 | 2.9% | $13.9M | |
| 6 | Bank Five Nine | 12 | 2.7% | $11.7M | |
| 7 | America First Federal Credit Union | 11 | 2.5% | $13M | |
| 8 | Evolve Bank and Trust | 10 | 2.3% | $15.3M | |
| 9 | The Huntington National Bank | 7 | 1.6% | $8.2M | |
| 10 | US Metro Bank | 6 | 1.4% | $12.4M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Assisted Living Facilities for the Elderly
3% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bee Hive Homes | 9 | 69.2% | $20.3M | |
| 2 | BrightStar Care | 2 | 15.4% | $1.9M | |
| 3 | Home Instead | 1 | 7.7% | $769K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Assisted Living Facilities for the Elderly?
Median $997,300 across 443 acquisition loans (FY2018 to FY2026); the middle half ran $623,750 to $1,774,500. That is 55% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Assisted Living Facilities for the Elderly acquisitions?
Live Oak Banking Company (55), Pinnacle Bank (54), Celtic Bank Corporation (36), Columbia Bank (30), Gesa CU (13).
Are businesses in Assisted Living Facilities for the Elderly often franchised?
Rarely. Only 3% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Assisted Living Facilities for the Elderly?
Of 215 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Assisted Living Facilities for the Elderly acquisitions?
Median term 25 years, average initial rate 7.37% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
How much do you need down for an SBA loan to buy a business in the Assisted Living Facilities for the Elderly industry?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for Assisted Living Facilities for the Elderly acquisition loans was $997,300, and the middle half ran $623,750 to $1,774,500.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 91 Assisted Living Facilities for the Elderly acquisition loans in FY2025 and FY2026.
Which banks make SBA loans for a business in the Assisted Living Facilities for the Elderly industry?
By loan count, FY2018 to FY2026: Live Oak Banking Company (55), Pinnacle Bank (54), Celtic Bank Corporation (36), Columbia Bank (30), Gesa CU (13). Live Oak Banking Company made 12% of Assisted Living Facilities for the Elderly acquisition loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
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Cite this data
SBA Acquisition Data, "Assisted Living Facilities for the Elderly: SBA acquisition loan data", https://sbaacquisitiondata.com/industry/assisted-living-facilities-for-the-elderly-623312 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/industry/assisted-living-facilities-for-the-elderly-623312.json.