Other Residential Care Facilities acquisitions in Washington: SBA loan data
Since FY2018, SBA lenders have approved 21 7(a) loans to buy an existing business classified as Other Residential Care Facilities in Washington, totaling $27.7M. The median loan was $1,299,400. That is 1.0% of the 2,006 acquisition loans in Washington.
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How this compares
The median Other Residential Care Facilities loan in Washington is 93% higher than the $675,000 median for all Washington acquisitions, and 32% higher than the $981,750 median for Other Residential Care Facilities acquisitions nationwide (60 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 0.0% of seasoned Other Residential Care Facilities acquisition loans were charged off, and 3.4% of seasoned Washington acquisition loans of any type.
Other Residential Care Facilities acquisition loans in Washington by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 4 | $8M | $1,787,100 | |
| FY2020 | 8 | $8.7M | $1,033,700 | |
| FY2021 | 3 | $3.1M | $1,370,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 5 | $7.7M | $1,383,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $259K | $259,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Other Residential Care Facilities in Washington acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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 | 14 | 66.7% | $19.5M | |
| 2 | Gesa CU | 5 | 23.8% | $7.7M | |
| 3 | Coastal States Bank | 1 | 4.8% | $347K | |
| 4 | Evolve Bank and Trust | 1 | 4.8% | $259K |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Other Residential Care Facilities acquisitions in Washington run?
The median SBA 7(a) loan was $1,299,400 across 21 loans (FY2018 to FY2026), with the middle half between $927,700 and $1,385,000. 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 Other Residential Care Facilities acquisitions in Washington?
Columbia Bank (14), Gesa CU (5), Coastal States Bank (1), Evolve Bank and Trust (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Other Residential Care Facilities acquisition loans fail in Washington?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Other Residential Care Facilities acquisitions in Washington?
None of the 21 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.