SBA Loans for Assisted Living Facilities
SBA 7(a) and SBA 504 financing for assisted living operators and senior care businesses.
Request a QuoteTwo SBA programs, two different jobs
The U.S. Small Business Administration guarantees loans made by approved lenders, which lets owner-operators finance with longer terms and lower down payments than many conventional loans. For assisted living and senior care, two programs do most of the work.
SBA 7(a) and SBA 504
SBA 7(a)
Working capital for facility expansion and business operations; it can also finance real estate, equipment and acquisitions. Read <a href="/sba-7a-loans-assisted-living">SBA 7(a) loans for assisted living</a>.
SBA 504
Fixed-rate, long-term debt for ground-up construction and real estate acquisition. Read <a href="/sba-504-loans-assisted-living">SBA 504 loans for assisted living</a>.
Not sure which one fits? Our article SBA 7(a) vs. 504 for assisted living explains the differences, and we help you choose based on your project.
What SBA financing can be used for
- Buying an existing assisted living facility or senior care business
- Ground-up construction and expansion of a facility
- Working capital for operations and growth
- Refinancing existing debt when the program allows it
A path into SBA financing
If your facility is still in a transition phase — newly built, being repositioned or not yet full — a bridge loan can carry it until it reaches its performance targets; then we guide you through qualifying for permanent SBA financing.
How we work an SBA loan
Frequently Asked Questions
Which SBA loan is best for buying an assisted living facility?
Both can work. SBA 504 offers fixed-rate, long-term debt for real estate and construction; SBA 7(a) is more flexible and can include working capital. We help you choose for your project.
Can SBA loans be used for senior care businesses?
Yes. SBA programs serve owner-operated senior care businesses such as assisted living facilities and residential care homes.
Can I use an SBA loan to build a new facility?
Yes. SBA 504 is designed for ground-up construction and real estate acquisition.
What if my facility does not qualify for SBA financing yet?
A bridge loan can provide interim capital until the facility reaches its performance targets; then we help you move into SBA financing.
Do you help prepare the SBA loan package?
Yes. We help evaluate the financials, forecast operating income and prepare the loan package.
Want to know if your project qualifies for SBA financing? Ask us.
Request a QuoteCommercial Loans Florida, Inc. · 1155 South Pasadena S, Suite H, South Pasadena, FL 33707 · Call (727) 642-1166 · Monday–Friday, 9:00 AM–5:00 PM EST · NMLS 1283562. All loans are subject to underwriting and approval.