Assisted Living Facilities for the Elderly acquisitions in Washington: SBA loan data
Since FY2018, SBA lenders have approved 67 7(a) loans to buy an existing business classified as Assisted Living Facilities for the Elderly in Washington, totaling $80.2M. The median loan was $1,044,000. That is 3.3% of the 2,006 acquisition loans in Washington.
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How this compares
The median Assisted Living Facilities for the Elderly loan in Washington is 55% higher than the $675,000 median for all Washington acquisitions, and in line with the $997,300 median for Assisted Living Facilities for the Elderly acquisitions nationwide (443 loans).
On losses, none of the 21 seasoned Assisted Living Facilities for the Elderly loans in Washington were charged off, against the 3.4% rate for all Washington acquisitions, and against the 0.0% rate for the industry nationally.
Assisted Living Facilities for the Elderly acquisition loans in Washington by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $4.9M | $1,139,800 | |
| FY2019 | 8 | $5.5M | $551,250 | |
| FY2020 | 1 | $681K | $680,700 | |
| FY2021 | 8 | $11.2M | $916,250 | |
| FY2022 | 6 | $5.8M | $1,032,500 | |
| FY2023 | 12 | $13.4M | $1,182,150 | |
| FY2024 | 8 | $8.8M | $1,095,500 | |
| FY2025 | 11 | $14.3M | $980,000 | |
| FY2026 | 9 | $15.5M | $1,221,500 |
How often do these acquisition loans fail?
Of the 21 Assisted Living Facilities for the Elderly in Washington 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. 14 have already been paid in full.
For comparison, Assisted Living Facilities for the Elderly in Washington 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 lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Columbia Bank | 18 | 26.9% | $17.5M | |
| 2 | Gesa CU | 13 | 19.4% | $13.9M | |
| 3 | Evolve Bank and Trust | 8 | 11.9% | $14.3M | |
| 4 | Live Oak Banking Company | 5 | 7.5% | $12.3M | |
| 5 | East West Bank | 5 | 7.5% | $7.2M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Assisted Living Facilities for the Elderly acquisitions in Washington run?
The median SBA 7(a) loan was $1,044,000 across 67 loans (FY2018 to FY2026), with the middle half between $760,000 and $1,487,500. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Assisted Living Facilities for the Elderly acquisitions in Washington?
Columbia Bank (18), Gesa CU (13), Evolve Bank and Trust (8), Live Oak Banking Company (5), East West Bank (5). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Assisted Living Facilities for the Elderly acquisition loans fail in Washington?
Of 21 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Assisted Living Facilities for the Elderly acquisitions in Washington?
None of the 67 loans in this combination were recorded with a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Washington acquisitions
- Assisted Living Facilities for the Elderly nationally
- Assisted Living Facilities for the Elderly in California
- Assisted Living Facilities for the Elderly in Arizona
- Assisted Living Facilities for the Elderly in Florida
- Assisted Living Facilities for the Elderly in North Carolina
- Assisted Living Facilities for the Elderly in Michigan
- Assisted Living Facilities for the Elderly in Oregon
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Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.