SBA Loans for Homes for the Elderly: Top Lenders & Recent Approvals
NAICS 623NAICS 623 covers homes for the elderly businesses. Based on historical SBA 7(a) lending data.
Total Approvals
508
for Homes for the Elderly
Median Loan Size
$594,500
per approval
Recent Activity
41
last 90 days through Dec 2025
NAICS 623 covers homes for the elderly businesses. This is a moderately active sector for SBA 7(a) lending with 508 approvals and a median loan size of $594,500.
Key trends & insights
- SBA lending to homes for the elderly businesses grew 19% year-over-year — from 90 to 107 approvals.
- Total SBA dollars flowing into this industry increased by 79% year-over-year, reaching $111,171,100 in the trailing 12 months.
- Live OAK Banking Company leads this industry with 48 approvals (17% market share) and a median loan of $775,000.
- The typical loan size for homes for the elderly has increased 139% — average median moving from $393,592 to $939,133.
- Loan sizes vary dramatically by location — the median in Georgia ($1,920,000) is 76.8x higher than Puerto Rico ($25,000).
Lending trends for Homes for the Elderly
Top lenders by historical volume
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 48 | $775,000 | |
| 2 | 34 | $720,000 | |
| 3 | 25 | $50,000 | |
| 4 | 24 | $906,300 | |
| 5 | 14 | $1,071,000 | |
| 6 | 14 | $15,000 | |
| 7 | 13 | $800,000 | |
| 8 | 12 | $900,000 | |
| 9 | 11 | $400,000 | |
| 10 | 10 | $150,000 | |
| 11 | 10 | $1,315,000 | |
| 12 | 9 | $50,000 | |
| 13 | 8 | $150,000 | |
| 14 | 8 | $500,000 | |
| 15 | 7 | $700,000 | |
| 16 | 7 | $337,300 | |
| 17 | 7 | $25,000 | |
| 18 | 7 | $50,000 | |
| 19 | 6 | $405,000 | |
| 20 | 6 | $567,000 |
Recent SBA 7(a) approvals for Homes for the Elderly
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Open Bank | Coa*****ter | BALDWIN PARK, CA | $4,060,000 |
| 2025-12 | Beacon Business Bank National Association | Acq*****LLC | Orangevale, CA | $2,805,000 |
| 2025-12 | Midwest Regional Bank | The*****emy | WALLER, TX | $1,496,000 |
| 2025-12 | Live Oak Banking Company | Gar*****LLC | PROSPER, TX | $5,000,000 |
| 2025-11 | Bank of Hope | Vil*****LLC | NAPA, CA | $4,378,000 |
| 2025-11 | Live Oak Banking Company | Dia*****nan | RENO, NV | $200,000 |
| 2025-11 | Pinnacle Bank | CAR*****nc. | CARY, NC | $4,226,000 |
| 2025-11 | Midwest Regional Bank | Kap*****Inc | CLEARWATER, FL | $769,000 |
| 2025-11 | Mission Valley Bank | OPA*****LLC | ORANGE, CA | $1,557,100 |
| 2025-08 | Lendistry SBLC, LLC | BAR*****REA | Brea, CA | $130,000 |
| 2025-08 | Newtek Bank, National Association | OSJ*****nc. | ORLANDO, FL | $125,000 |
| 2025-08 | Alerus Financial, National Association | Des*****LLC | Phoenix, AZ | $3,435,000 |
| 2025-08 | Live Oak Banking Company | Rec*****nc. | COLORADO SPRINGS, CO | $2,900,000 |
| 2025-08 | Live Oak Banking Company | Rec*****nc. | COLORADO SPRINGS, CO | $100,000 |
| 2025-08 | Columbia Bank | Tou*****.C. | TACOMA, WA | $50,000 |
| 2025-08 | Citizens Bank | San*****Inc | CANYON COUNTRY, CA | $291,200 |
| 2025-08 | Celtic Bank Corporation | Kas*****.C. | SAINT LOUIS, MO | $2,061,000 |
| 2025-08 | Northeast Bank | VER*****INC | FULLERTON, CA | $79,300 |
| 2025-08 | Readycap Lending, LLC | Com*****LLC | Puyallup, WA | $50,000 |
| 2025-08 | Waldo State Bank | Dan*****nc. | West Bend, WI | $220,000 |
| 2025-08 | GBank | Gol*****LLC | OAKLAND, CA | $1,194,000 |
| 2025-08 | Mountain America FCU | S&W*****LLC | PHOENIX, AZ | $419,200 |
| 2025-08 | Mountain America FCU | S&W*****LLC | PHOENIX, AZ | $50,000 |
| 2025-08 | Harvest Small Business Finance, LLC | A G*****ife | TOLEDO, OH | $297,500 |
| 2025-07 | Select Bank | The*****LLC | Lynchburg, VA | $4,750,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Activity by state
State-by-state breakdown
| # | State | Approvals |
|---|---|---|
| 1 | California | 111 |
| 2 | Washington | 40 |
| 3 | Florida | 38 |
| 4 | Arizona | 32 |
| 5 | Texas | 31 |
| 6 | Michigan | 24 |
| 7 | Minnesota | 22 |
| 8 | Wisconsin | 21 |
| 9 | Ohio | 16 |
| 10 | Oregon | 15 |
| 11 | Colorado | 13 |
| 12 | Maryland | 11 |
| 13 | Georgia | 11 |
| 14 | Puerto Rico | 11 |
| 15 | Pennsylvania | 10 |
| 16 | North Carolina | 9 |
| 17 | Kansas | 8 |
| 18 | Utah | 8 |
| 19 | Missouri | 7 |
| 20 | Virginia | 7 |
| 21 | New Hampshire | 6 |
| 22 | Nevada | 6 |
| 23 | West Virginia | 5 |
| 24 | New Jersey | 5 |
| 25 | Massachusetts | 4 |
SBA loans for Homes for the Elderly by state
Similar industries
Frequently asked questions about SBA loans for Homes for the Elderly
Who are the top SBA lenders for Homes for the Elderly?▾
Based on historical SBA 7(a) data, the most active lenders for Homes for the Elderly (NAICS 623) include Live OAK Banking Company, Columbia Bank, THE Huntington National Bank, and 17 more. Live OAK Banking Company leads with 48 approved loans.
What is the typical SBA loan size for Homes for the Elderly?▾
The median SBA 7(a) loan amount for Homes for the Elderly businesses is $594,500, based on 508 total approved loans in the dataset.
Which states have the most SBA lending activity for Homes for the Elderly?▾
California leads with 111 SBA 7(a) approvals for Homes for the Elderly, followed by Washington (40) and Florida (38).
How do I find the best SBA lender for my homes for the elderly business?▾
Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 623. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.
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