Best SBA 7(a) lenders for nursing care facilities
NAICS 623110 — Nursing Care Facilities.
357 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $392.2M.
Loans
357
Total $
$392.2M
Avg loan
$1.1M
Avg rate
8.33%
Avg term
200 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Celtic Bank Corporation | 41 | $82.1M | $2.0M | 7.84% | 0.00% |
| 2 | The Huntington National Bank | 25 | $8.3M | $332K | 8.12% | 0.00% |
| 3 | Byline Bank | 13 | $23.2M | $1.8M | 7.54% | 0.00% |
| 4 | Columbia Bank | 12 | $3.2M | $268K | 9.63% | 0.00% |
| 5 | BayFirst National Bank | 11 | $2.5M | $226K | 12.07% | 0.00% |
| 6 | ChoiceOne Bank | 11 | $13.7M | $1.2M | 7.57% | 0.00% |
| 7 | Live Oak Banking Company | 10 | $10.3M | $1.0M | 6.25% | 0.00% |
| 8 | Readycap Lending, LLC | 9 | $15.7M | $1.7M | 9.33% | 0.00% |
| 9 | Newtek Small Business Finance, Inc. | 8 | $8.7M | $1.1M | 7.47% | 0.00% |
| 10 | Wells Fargo Bank National Association | 7 | $1.2M | $165K | 11.41% | 0.00% |
| 11 | Northeast Bank | 7 | $1.7M | $241K | 10.46% | — |
| 12 | Manufacturers and Traders Trust Company | 7 | $210K | $30K | 11.11% | 0.00% |
| 13 | Newtek Bank, National Association | 6 | $5.3M | $888K | 11.04% | 0.00% |
| 14 | Banco Popular de Puerto Rico | 6 | $955K | $159K | 9.54% | 0.00% |
| 15 | Cadence Bank | 6 | $2.0M | $328K | 9.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 623110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.