Assisted Living Facilities for the Elderly: SBA acquisition loans, nationwide

This page covers Assisted Living Facilities for the Elderly, NAICS 623312. It uses loans the SBA 7(a) file labels Change of Ownership, from FY2020 to Jun 30, 2026.

Cancelled loans are removed. Nationwide, 342 acquisition loans in this industry are in the file.

The busiest year was FY2021, with 75 acquisition loans.

Across all industries, the national median approved amount is $679,600. The seasoned charge-off rate is about 2% by count.

Use these as reference points for context. They are not a forecast and not a rating of this industry.

Choose a state to see local loan counts, lender activity and Census business counts.

Some states do not have enough loans to show. Those cells say so.

The file only covers SBA 7(a) loans labeled change of ownership, so it leaves out cash, seller-note and bank deals.

Read the methodology for filters, dates and known gaps.

SBA changed industry codes in 2022. The same industry can appear under an old code (loans to FY2022) and a new code (loans from FY2022). Each page shows only its own code, so neither shows the full history.

National snapshot

Measure	Value	What it means
Acquisition loans	342	Number of 7(a) loans labeled Change of Ownership, FY2020 to Jun 30, 2026. Cancelled loans are removed.
Loans by year	FY202048 FY202175 FY202249 FY202349 FY202439 FY202553 FY2026 (to Jun 30)29	Acquisition loans by SBA fiscal year. FY2026 covers Oct 1 to Jun 30 only. Years with fewer than 10 loans are hidden.
Median approved amount	$1,044,000	The middle approved amount. Half of the loans were approved for more and half for less. Gross approved amounts, rounded to $1,000.
Middle half of approved amounts	$682,000 to $1,935,000	The range that holds the middle half of approved amounts, from the lower quarter mark to the upper quarter mark.
Total approved	$512.3M	The sum of all gross approved loan amounts in this cell. These are approved amounts, not money paid out. Rounded to $0.1 million.
Term	300 months	The median loan term, in months.
Rate	7.22%	The median initial interest rate.
Rate type	About 90% variable	How many of these loans have variable rates, rounded to the nearest 10%.
Seasoned charge-off rate	About 0% of 100 or more seasoned loans Estimate	The share of loans approved in FY2020 to FY2022 that SBA lists as charged off, counted by loans. Charged off is a loan status, not a business closing. Older loans have had more time to be charged off. With under 100 seasoned loans, this shows a band. With under 30, it is hidden.
National charge-off rate	About 2% Estimate	The same measure across all industries. It is about 2% by count.
Lenders in the SBA file	100	The number of distinct lenders that hold these loans in the SBA file. The file lists the current lender, which may not be the original lender. Counts are not a ranking or a recommendation.
Lenders holding the most loans	Live Oak Banking Company 46 Pinnacle Bank 45 Celtic Bank Corporation 27 Columbia Bank 22 Gesa CU 13 Bank Five Nine 12	Lenders that hold 10 or more loans in this cell, by count. Names come from public data.
Top counties	Maricopa 26 King 23 Sacramento 16 Placer 15 Snohomish 11	Counties with the most acquisition loans in this cell. Counties with fewer than 10 loans are hidden.
Franchise share	Not enough loans to show this number.	The share of acquisition loans in this cell that were for franchises. Hidden when fewer than 10 loans were for franchises.

Local business locations (Census 2023)

Business locations	20,884	Census County Business Patterns 2023: business locations, employees and annual payroll for this industry and area. Census adds small amounts of noise.
Employees	508,230
Annual payroll	$17.72B
Business locations by employee count	Under 56,962 5 to 93,100 10 to 192,918 20 to 494,670 50 to 992,503 100 or more685
Business locations with 10 to 49 employees	7,588	Census count of local business locations in that size band.

Data as of: Jun 30, 2026.

States with enough loans to show

Each link opens the snapshot for that state.

Try another state