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 declined 25% year-over-year — from 328 to 246 approvals.
- Total SBA dollars flowing into this industry decreased by 37% year-over-year, reaching $255,712,800 in the trailing 12 months.
- Live OAK Banking Company leads this industry with 81 approvals (15% market share) and a median loan of $1,150,000.
- The typical loan size for homes for the elderly has decreased 17% — average median moving from $803,308 to $668,408.
- 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 | 81 | $1,150,000 | |
| 2 | 64 | $799,000 | |
| 3 | 54 | $1,064,400 | |
| 4 | 34 | $50,000 | |
| 5 | 33 | $1,045,000 | |
| 6 | 32 | $15,000 | |
| 7 | 25 | $350,000 | |
| 8 | 21 | $200,000 | |
| 9 | 21 | $897,000 | |
| 10 | 20 | $760,000 | |
| 11 | 18 | $150,000 | |
| 12 | 16 | $609,000 | |
| 13 | 16 | $1,340,000 | |
| 14 | 14 | $1,154,000 | |
| 15 | 14 | $50,000 | |
| 16 | 13 | $323,000 | |
| 17 | 13 | $1,170,000 | |
| 18 | 12 | $567,000 | |
| 19 | 11 | $1,384,000 | |
| 20 | 11 | $419,200 |
Recent SBA 7(a) approvals for Homes for the Elderly
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | CenTrust Bank, A Division of SmartBiz Bank National Associat | MID*****.C. | OMAHA, NE | $150,000 |
| 2025-12 | Live Oak Banking Company | Fid*****LLC | FRISCO, TX | $100,000 |
| 2025-12 | Live Oak Banking Company | Fid*****LLC | FRISCO, TX | $2,085,000 |
| 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 |
| 2025-12 | Open Bank | Coa*****ter | BALDWIN PARK, CA | $4,060,000 |
| 2025-12 | Live Oak Banking Company | Eve*****LLC | ORANGE, CT | $2,325,000 |
| 2025-12 | Manufacturers and Traders Trust Company | Sey*****LLC | ELKTON, MD | $70,000 |
| 2025-12 | America First FCU | 144*****LLC | PHOENIX, AZ | $1,251,000 |
| 2025-12 | Banco Popular de Puerto Rico | Hog*****Inc | GUANICA, PR | $25,000 |
| 2025-12 | Banco Popular de Puerto Rico | Hog*****Inc | GUANICA, PR | $80,000 |
| 2025-12 | First Oklahoma Bank | Mel*****LLC | Norman, OK | $1,960,000 |
| 2025-12 | Live Oak Banking Company | Ami*****LLC | LEXINGTON, NC | $5,000,000 |
| 2025-11 | Harvest Small Business Finance, LLC | Gol*****ley | FERNLEY, NV | $879,000 |
| 2025-11 | Newtek Bank, National Association | Oak*****ing | Tucson, AZ | $350,000 |
| 2025-11 | Zions Bank, A Division of | 228*****LLC | FRESNO, CA | $4,500,000 |
| 2025-11 | Bank Five Nine | Fid*****LLC | ABERDEEN, WA | $800,000 |
| 2025-11 | Bank of Hope | SEN*****LLC | FORT COLLINS, CO | $1,260,000 |
| 2025-11 | Newtek Bank, National Association | ABC*****Inc | Puyallup, WA | $25,000 |
| 2025-11 | Gesa CU | Nor*****LLC | BEND, OR | $150,000 |
| 2025-11 | US Metro Bank | Sha*****LLC | KENT, WA | $894,300 |
| 2025-11 | Live Oak Banking Company | A P*****LLC | NORTH HALEDON, NJ | $1,975,000 |
| 2025-11 | Northeast Bank | GOL*****NC. | WILLOWBROOK, IL | $229,300 |
| 2025-11 | Pinnacle Bank | Sha*****LLC | BAKERSFIELD, CA | $535,000 |
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, Celtic Bank, CORP., and 17 more. Live OAK Banking Company leads with 81 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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