Other Residential Care Facilities: SBA business acquisition loan data
60 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Residential Care Facilities (NAICS 623990), totaling $68.8M. Median loan $981,750, 52% higher than the all-acquisition median.
- Loans, FY2018-FY2026
- 60
- Median loan
- $981,750 (middle half $491,625 to $1,373,250)
- Top lender
- Columbia Bank (28%, 17 loans)
- Top state
- Washington
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 6
SBA lenders approved 60 7(a) loans to buy businesses in the Other Residential Care Facilities industry from FY2018-FY2026, with a median of $981,750 and a middle half of $491,625 to $1,373,250. Columbia Bank made 28% of them. None of 38 seasoned loans were charged off, against the 3.5% all-acquisition rate.
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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 $1,373,250 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #147 of 300 industries tracked.
- Geography. Washington leads with 21 loans; the top five states account for 70% of the industry's acquisitions.
- Jobs. Lenders reported 801 jobs supported across these loans, about 13.3 per acquisition, a rough proxy for the size of business changing hands.
How the Other Residential Care Facilities industry compares
| Measure | Other Residential Care... | All acquisitions |
|---|---|---|
| Median loan | $981,750 | $645,250 |
| Middle half of loans | $491,625 to $1,373,250 | $283,000 to $1,465,000 |
| Average initial rate | 7.13% | 7.76% |
| Median term | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 3.5% |
| Loans in sample | 60 | 48,902 |
The median for Other Residential Care Facilities acquisition loans is $981,750, well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $491,625 to $1,373,250, 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 7.13%, 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 | Other Residential Care... | All acquisitions |
|---|---|---|
| Under $350K | 15% | 30% |
| $350K to under $1M | 35% | 33% |
| $1M to under $2M | 37% | 19% |
| $2M and over | 13% | 17% |
Most Other Residential Care Facilities acquisition loans (50%) were under $1M, and the largest single band is $1M to under $2M at 37%, against 19% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Columbia Bank made 28% of Other Residential Care Facilities acquisition loans, and the top three lenders together made 47%. 4 of the 26 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, 10 Other Residential Care Facilities acquisition loans were approved. That is about the same as the 10 approved in FY2023 and FY2024. The median was $1,035,750, slightly above the $981,750 median across all years.
Other Residential Care Facilities acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $3.2M | $1,614,500 | |
| FY2019 | 15 | $15.4M | $620,000 | |
| FY2020 | 12 | $16.6M | $1,033,700 | |
| FY2021 | 9 | $8.7M | $1,113,000 | |
| FY2022 | 2 | $2.2M | $1,090,650 | |
| FY2023 | 6 | $11.6M | $1,743,500 | |
| FY2024 | 4 | $929K | $198,000 | |
| FY2025 | 4 | $4.1M | $1,154,050 | |
| FY2026 | 6 | $6.1M | $1,008,750 |
How often do these acquisition loans fail?
Of the 38 Other Residential Care 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, Other Residential Care 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 21 | 35.0% | $27.7M | |
| 2 | California | 7 | 11.7% | $6.8M | |
| 3 | Minnesota | 6 | 10.0% | $5.6M | |
| 4 | Arizona | 4 | 6.7% | $3.3M | |
| 5 | Texas | 4 | 6.7% | $1.5M | |
| 6 | Pennsylvania | 3 | 5.0% | $2.2M | |
| 7 | Oregon | 2 | 3.3% | $5.9M | |
| 8 | Wisconsin | 2 | 3.3% | $3.4M | |
| 9 | Utah | 1 | 1.7% | $3.9M | |
| 10 | Louisiana | 1 | 1.7% | $1.6M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Columbia Bank | 17 | 28.3% | $28.2M | |
| 2 | Celtic Bank Corporation | 6 | 10.0% | $4.4M | |
| 3 | Gesa CU | 5 | 8.3% | $7.7M | |
| 4 | Live Oak Banking Company | 3 | 5.0% | $3.1M | |
| 5 | First Merchants Bank | 2 | 3.3% | $4.8M | |
| 6 | Byline Bank | 2 | 3.3% | $4.5M | |
| 7 | Plumas Bank | 2 | 3.3% | $2.3M | |
| 8 | FinWise Bank | 2 | 3.3% | $2M | |
| 9 | Old National Bank | 2 | 3.3% | $1.6M | |
| 10 | Evolve Bank and Trust | 2 | 3.3% | $1.2M |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands in Other Residential Care Facilities
2% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Seniors Helping Seniors | 1 | 100.0% | $190K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Other Residential Care Facilities?
Median $981,750 across 60 acquisition loans (FY2018 to FY2026); the middle half ran $491,625 to $1,373,250. That is 52% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Residential Care Facilities acquisitions?
Columbia Bank (17), Celtic Bank Corporation (6), Gesa CU (5), Live Oak Banking Company (3), First Merchants Bank (2).
Are businesses in Other Residential Care Facilities often franchised?
Rarely. Only 2% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Other Residential Care Facilities?
Of 38 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Other Residential Care Facilities acquisitions?
Median term 25 years, average initial rate 7.13% 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 Other Residential Care 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 Other Residential Care Facilities acquisition loans was $981,750, and the middle half ran $491,625 to $1,373,250.
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 10 Other Residential Care Facilities acquisition loans in FY2025 and FY2026.
Which banks make SBA loans for a business in the Other Residential Care Facilities industry?
By loan count, FY2018 to FY2026: Columbia Bank (17), Celtic Bank Corporation (6), Gesa CU (5), Live Oak Banking Company (3), First Merchants Bank (2). Columbia Bank made 28% of Other Residential Care Facilities acquisition loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
The purchase agreement decides what you bought, not the loan approval.
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Cite this data
SBA Acquisition Data, "Other Residential Care Facilities: SBA acquisition loan data", https://sbaacquisitiondata.com/industry/other-residential-care-facilities-623990 (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/other-residential-care-facilities-623990.json.