BlogRankingIndustryBest Assisted Living Facilities SBA Lenders of 2026

Best Assisted Living Facilities SBA Lenders of 2026

February 2, 2026
Industry, Ranking
4 min read

Best Assisted Living Facilities SBA Lenders of 2026

$313.3M
Total Funded

257
Loans Approved

$1.2M
Avg Loan Size

9.66%
Avg Interest Rate

85
Active Lenders

SBA Loans for Assisted Living Facilities Businesses

The Assisted Living Facilities industry received $313.3M in SBA 7(a) loans across 257 businesses in 2025. With 85 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Assisted Living Facilities industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Assisted Living Facilities businesses is $1.2M with an average rate of 9.66%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Assisted Living Facilities businesses by business stage:

🚀 Startups
40%
$163.2M • 104 loans

🏢 Existing Businesses
39%
$61.5M • 99 loans

🔄 Business Acquisitions
21%
$88.6M • 54 loans

Top 50 SBA Lenders for Assisted Living Facilities (2025)

These are the banks that funded the most SBA 7(a) loan volume to Assisted Living Facilities businesses, ranked by total volume:

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $72.9M 42 9.47%
2 Pinnacle Bank $21.8M 12 8.90%
3 Bank of Hope $17.6M 12 8.60%
4 Evolve Bank and Trust $13.5M 6 9.08%
5 Harvest Small Business Finance, LLC $12.1M 11 9.80%
6 Gulf Coast Bank and Trust Company $11.5M 6 9.71%
7 Bank Five Nine $9.2M 10 8.99%
8 US Metro Bank $8.1M 4 8.88%
9 Celtic Bank Corporation $6.1M 5 9.90%
10 Coastal States Bank $6.1M 2 9.00%
11 Mission Valley Bank $5.6M 4 8.75%
12 Select Bank $5.0M 2 8.75%
13 Southwestern National Bank $5.0M 2 8.75%
14 FFB Bank $5.0M 1 10.50%
15 Readycap Lending, LLC $4.9M 3 10.08%
16 America First FCU $4.9M 3 7.28%
17 Summit State Bank $4.8M 1 9.00%
18 Port 51 Lending LLC $4.8M 4 10.31%
19 The Bancorp Bank National Association $4.6M 2 8.13%
20 First Savings Bank $4.0M 1 8.50%
21 Community Bank & Trust-West Georgia $3.9M 2 10.13%
22 Elevate Bank National Association $3.9M 2 9.75%
23 Hanover Community Bank $3.6M 3 10.00%
24 Loyal Trust Bank $3.5M 1 8.50%
25 Alerus Financial, National Association $3.4M 1 7.00%
26 Byline Bank $3.1M 1 10.25%
27 Craft Bank $3.0M 1 10.25%
28 Beacon Business Bank National Association $2.8M 1 8.50%
29 The Huntington National Bank $2.7M 7 9.02%
30 East West Bank $2.6M 2 8.75%
31 Peapack Private Bank and Trust $2.4M 2 9.00%
32 Stock Yards Bank & Trust Company $2.4M 2 7.00%
33 Alaska Growth Capital BIDCO, Inc. $2.3M 1 10.75%
34 Texas Capital Bank $2.3M 1 6.75%
35 Centerstone SBA Lending, Inc. $2.1M 1 10.50%
36 Capital Community Bank $2.1M 1 9.75%
37 First Oklahoma Bank $2.0M 1 9.00%
38 Stone Bank $2.0M 2 9.25%
39 First Business Bank $1.9M 2 9.75%
40 Idaho Central CU $1.9M 1 9.00%
41 CRF Small Business Loan Company, LLC $1.9M 1 8.00%
42 Northeast Bank $1.8M 11 10.91%
43 American Continental Bank $1.8M 2 8.50%
44 Horizon Bank $1.8M 1 7.50%
45 Newtek Bank, National Association $1.8M 14 12.02%
46 Wilmington Savings Fund Society FSB $1.8M 2 10.00%
47 The Fidelity Bank $1.7M 1 9.75%
48 First National Bank North $1.4M 1 9.50%
49 GBank $1.2M 1 9.00%
50 Gesa CU $1.2M 1 8.50%

🚀 Best Lenders for Assisted Living Facilities Startups

Starting a new homes for the elderly business? These lenders funded the most startup loans in this industry:

Rank Lender Startup Volume Loans Avg Rate
1 Live Oak Banking Company $48.8M 28 9.61%
2 Pinnacle Bank $17.6M 11 8.89%
3 Bank of Hope $15.8M 10 8.47%
4 Harvest Small Business Finance, LLC $8.8M 7 9.89%
5 Celtic Bank Corporation $5.8M 3 9.67%
6 Select Bank $5.0M 2 8.75%
7 FFB Bank $5.0M 1 10.50%
8 Bank Five Nine $5.0M 3 9.33%
9 Summit State Bank $4.8M 1 9.00%
10 First Savings Bank $4.0M 1 8.50%

🔄 Best Lenders for Assisted Living Facilities Acquisitions

Looking to buy an existing homes for the elderly business? These lenders specialize in acquisition financing:

Rank Lender Acquisition Volume Loans Avg Rate
1 Live Oak Banking Company $18.9M 7 8.86%
2 Evolve Bank and Trust $9.3M 4 9.13%
3 Gulf Coast Bank and Trust Company $8.0M 4 9.63%
4 Southwestern National Bank $4.3M 1 8.50%
5 Pinnacle Bank $4.2M 1 9.00%
6 US Metro Bank $4.2M 3 8.83%
7 Hanover Community Bank $3.5M 2 9.75%
8 Alerus Financial, National Association $3.4M 1 7.00%
9 Beacon Business Bank National Association $2.8M 1 8.50%
10 East West Bank $2.6M 2 8.75%

🏢 Best Lenders for Existing Assisted Living Facilities Businesses

Already running an established homes for the elderly business? These lenders have funded the most loans to existing businesses in your industry:

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $5.3M 7 9.53%
2 US Metro Bank $3.9M 1 9.00%
3 Bank Five Nine $3.4M 6 8.90%
4 Community Bank & Trust-West Georgia $3.3M 1 9.50%
5 Mission Valley Bank $3.2M 2 8.75%
6 Craft Bank $3.0M 1 10.25%
7 Port 51 Lending LLC $3.0M 2 10.50%
8 Coastal States Bank $2.8M 1 8.75%
9 Harvest Small Business Finance, LLC $2.4M 3 9.50%
10 America First FCU $2.3M 2 7.30%

Top States for Assisted Living Facilities SBA Loans

Here are the states with the highest SBA lending volume for Assisted Living Facilities businesses:

Rank State Volume Loans
1 California $60.6M 50
2 Texas $36.2M 23
3 Florida $26.5M 23
4 Washington $19.0M 15
5 Virginia $18.5M 6
6 North Carolina $16.1M 10
7 Arizona $10.9M 9
8 Illinois $10.8M 7
9 Oregon $10.3M 7
10 Rhode Island $9.5M 3
11 Georgia $8.7M 6
12 Colorado $8.6M 9
13 Pennsylvania $7.3M 7
14 Connecticut $6.6M 6
15 Alaska $6.4M 3
16 Idaho $5.9M 2
17 Nebraska $5.5M 3
18 Oklahoma $5.0M 4
19 Utah $4.6M 3
20 Minnesota $4.5M 5
21 Michigan $3.4M 6
22 Kansas $3.0M 5
23 Indiana $2.7M 4
24 West Virginia $2.5M 5
25 South Carolina $2.3M 3
26 Tennessee $2.3M 1
27 Louisiana $2.2M 1
28 Iowa $2.0M 3
29 New Jersey $2.0M 1
30 Missouri $1.9M 2
31 Maryland $1.8M 4
32 Wisconsin $1.8M 5
33 Ohio $1.4M 5
34 Puerto Rico $897K 7
35 Nevada $879K 1
36 New Hampshire $500K 1
37 Mississippi $150K 1
38 Maine $50K 1

Top Cities for Assisted Living Facilities SBA Loans

Los Angeles, Ca

$8.4M
Volume

4
Loans

Phoenix, Az

$6.0M
Volume

2
Loans

Lexington, Nc

$5.0M
Volume

2
Loans

Lynchburg, Va

$5.0M
Volume

2
Loans

Cary, Nc

$5.0M
Volume

2
Loans

Prosper, Tx

$5.0M
Volume

1
Loans

Sandy, Or

$5.0M
Volume

1
Loans

Northbrook, Il

$5.0M
Volume

2
Loans

Coventry, Ri

$5.0M
Volume

2
Loans

Midlothian, Va

$5.0M
Volume

1
Loans

Bothell, Wa

$5.0M
Volume

1
Loans

Escondido, Ca

$4.9M
Volume

2
Loans

Santa Rosa, Ca

$4.8M
Volume

1
Loans

Gloucester, Va

$4.6M
Volume

2
Loans

Warwick, Ri

$4.5M
Volume

1
Loans

Georgetown, Tx

$4.5M
Volume

1
Loans

🤝 Why Use an SBA Broker for Assisted Living Facilities Loans?

GoSBA Loans has extensive experience financing Assisted Living Facilities businesses:

  • Industry expertise — we know which lenders specialize in Assisted Living Facilities
  • Access to 85+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Assisted Living Facilities SBA Loan

Our team specializes in SBA financing for Assisted Living Facilities businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Assisted Living Facilities business? GoSBA Loans specializes in SBA loans for Assisted Living Facilities businesses. Contact our industry specialists today for a free consultation.

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http://gosbaloans.com

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.

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