SBA Loans for Homes for the Elderly in Alabama: Top Lenders
NAICS 623NAICS 623 covers homes for the elderly businesses in Alabama. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Alabama
Median Loan Size
$1,975,000
per approval
Recent Activity
0
last 90 days through Dec 2023
NAICS 623 covers homes for the elderly businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $1,975,000.
Key trends & insights
- Homes for the Elderly in Alabama loans run larger than the SBA average — a $1,975,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-12-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Homes for the Elderly in Alabama
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $2,742,500 | |
| 2 | 1 | $150,000 |
Recent SBA 7(a) approvals for Homes for the Elderly in Alabama
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | Harvest Small Business Finance, LLC | Har*****LLC | MOBILE, AL | $323,000 |
| 2023-12 | BayFirst National Bank | Tow*****LLC | MADISON, AL | $150,000 |
| 2021-08 | Live Oak Banking Company | FID*****LLC | MOBILE, AL | $1,975,000 |
| 2021-02 | Live Oak Banking Company | AKF*****LLC | DAPHNE, AL | $3,510,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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