Nursing Care Facilities (Skilled Nursing Facilities): SBA business acquisition loan data
78 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Nursing Care Facilities (Skilled Nursing Facilities) (NAICS 623110), totaling $124M. Median loan $1,198,500, 86% higher than the all-acquisition median.
- Loans, FY2018-FY2026
- 78
- Median loan
- $1,198,500 (middle half $676,575 to $2,053,525)
- Top lender
- Celtic Bank Corporation (26%, 20 loans)
- Top state
- California
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 10 (-17% vs FY2025)
SBA lenders approved 78 7(a) loans to buy businesses in the Nursing Care Facilities (Skilled Nursing Facilities) industry from FY2018-FY2026, with a median of $1,198,500 and a middle half of $676,575 to $2,053,525. Celtic Bank Corporation made 26% of them. FY2026 had 10 loans, down 17% from FY2025.
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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 $2,053,525 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #119 of 300 industries tracked.
- Geography. California leads with 15 loans; the top five states account for 50% of the industry's acquisitions.
- Jobs. Lenders reported 2,271 jobs supported across these loans, about 29.1 per acquisition, a rough proxy for the size of business changing hands.
How the Nursing Care Facilities (Skilled Nursing Facilities) industry compares
| Measure | Nursing Care Facilities... | All acquisitions |
|---|---|---|
| Median loan | $1,198,500 | $645,250 |
| Middle half of loans | $676,575 to $2,053,525 | $283,000 to $1,465,000 |
| Average initial rate | 7.54% | 7.76% |
| Median term | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 3.5% |
| Loans in sample | 78 | 48,902 |
The median for Nursing Care Facilities (Skilled Nursing Facilities) acquisition loans is $1,198,500, well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $676,575 to $2,053,525, 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 7.54%, 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 | Nursing Care Facilities... | All acquisitions |
|---|---|---|
| Under $350K | 10% | 30% |
| $350K to under $1M | 32% | 33% |
| $1M to under $2M | 32% | 19% |
| $2M and over | 26% | 17% |
Most Nursing Care Facilities (Skilled Nursing Facilities) acquisition loans (58%) were $1M or more, and the largest single band is $350K to under $1M at 32%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Celtic Bank Corporation made 26% of Nursing Care Facilities (Skilled Nursing Facilities) acquisition loans, and the top three lenders together made 40%. 7 of the 37 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, 22 Nursing Care Facilities (Skilled Nursing Facilities) acquisition loans were approved. That is 57% more than the 14 approved in FY2023 and FY2024. The median was $1,148,500, in line with the $1,198,500 median across all years.
Nursing Care Facilities (Skilled Nursing Facilities) acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.6M | $492,000 | |
| FY2019 | 13 | $18.2M | $1,400,000 | |
| FY2020 | 7 | $8M | $765,000 | |
| FY2021 | 11 | $19.9M | $1,259,200 | |
| FY2022 | 8 | $15.1M | $1,473,500 | |
| FY2023 | 5 | $14M | $3,350,000 | |
| FY2024 | 9 | $13M | $878,000 | |
| FY2025 | 12 | $13.6M | $940,000 | |
| FY2026 | 10 | $20.4M | $1,634,600 |
How often do these acquisition loans fail?
Of the 34 Nursing Care Facilities (Skilled Nursing Facilities) 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. 21 have already been paid in full.
For comparison, Nursing Care Facilities (Skilled Nursing Facilities) 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 15 | 19.2% | $23.2M | |
| 2 | Texas | 7 | 9.0% | $4.4M | |
| 3 | Wisconsin | 6 | 7.7% | $8.2M | |
| 4 | Washington | 6 | 7.7% | $4.2M | |
| 5 | Florida | 5 | 6.4% | $9.4M | |
| 6 | Pennsylvania | 4 | 5.1% | $8.2M | |
| 7 | Massachusetts | 4 | 5.1% | $7.9M | |
| 8 | Minnesota | 4 | 5.1% | $7.1M | |
| 9 | Illinois | 3 | 3.8% | $6.9M | |
| 10 | Missouri | 3 | 3.8% | $6.5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Celtic Bank Corporation | 20 | 25.6% | $44.6M | |
| 2 | Columbia Bank | 6 | 7.7% | $7.2M | |
| 3 | Byline Bank | 5 | 6.4% | $7.3M | |
| 4 | Coastal States Bank | 3 | 3.8% | $9.7M | |
| 5 | Zions Bancorporation, National Association | 3 | 3.8% | $3.6M | |
| 6 | First Commonwealth Bank | 3 | 3.8% | $2.2M | |
| 7 | The Huntington National Bank | 3 | 3.8% | $908K | |
| 8 | Gulf Coast Bank and Trust Company | 2 | 2.6% | $5M | |
| 9 | Old National Bank | 2 | 2.6% | $3.1M | |
| 10 | Live Oak Banking Company | 2 | 2.6% | $2.9M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands in Nursing Care Facilities (Skilled Nursing Facilities)
4% 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 | 2 | 66.7% | $8.4M | |
| 2 | Touching Hearts at Home | 1 | 33.3% | $695K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Nursing Care Facilities (Skilled Nursing Facilities)?
Median $1,198,500 across 78 acquisition loans (FY2018 to FY2026); the middle half ran $676,575 to $2,053,525. That is 86% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Nursing Care Facilities (Skilled Nursing Facilities) acquisitions?
Celtic Bank Corporation (20), Columbia Bank (6), Byline Bank (5), Coastal States Bank (3), Zions Bancorporation, National Association (3).
Are businesses in Nursing Care Facilities (Skilled Nursing Facilities) often franchised?
Rarely. Only 4% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Nursing Care Facilities (Skilled Nursing Facilities)?
Of 34 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Nursing Care Facilities (Skilled Nursing Facilities) acquisitions?
Median term 25 years, average initial rate 7.54% 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 Nursing Care Facilities (Skilled Nursing Facilities) 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 Nursing Care Facilities (Skilled Nursing Facilities) acquisition loans was $1,198,500, and the middle half ran $676,575 to $2,053,525.
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 22 Nursing Care Facilities (Skilled Nursing Facilities) acquisition loans in FY2025 and FY2026.
Which banks make SBA loans for a business in the Nursing Care Facilities (Skilled Nursing Facilities) industry?
By loan count, FY2018 to FY2026: Celtic Bank Corporation (20), Columbia Bank (6), Byline Bank (5), Coastal States Bank (3), Zions Bancorporation, National Association (3). Celtic Bank Corporation made 26% of Nursing Care Facilities (Skilled Nursing Facilities) acquisition loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Cite this data
SBA Acquisition Data, "Nursing Care Facilities (Skilled Nursing Facilities): SBA acquisition loan data", https://sbaacquisitiondata.com/industry/nursing-care-facilities-skilled-nursing-facilities-623110 (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/nursing-care-facilities-skilled-nursing-facilities-623110.json.