Best SBA 7(a) lenders for homes for the elderly
NAICS 623312 — Homes for the Elderly.
1,449 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $1.80B.
Loans
1,449
Total $
$1.80B
Avg loan
$1.2M
Avg rate
7.86%
Avg term
251 mo
Industry chg-off rate
0.34%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 141 | $259.2M | $1.8M | 8.08% | 0.00% |
| 2 | Columbia Bank | 119 | $127.3M | $1.1M | 6.55% | 0.00% |
| 3 | Pinnacle Bank | 92 | $120.3M | $1.3M | 6.96% | 0.00% |
| 4 | Celtic Bank Corporation | 84 | $150.3M | $1.8M | 8.12% | 0.00% |
| 5 | Harvest Small Business Finance, LLC | 47 | $62.0M | $1.3M | 8.14% | 0.00% |
| 6 | Bank Five Nine | 43 | $51.2M | $1.2M | 7.86% | 0.00% |
| 7 | Newtek Bank, National Association | 35 | $15.5M | $442K | 11.85% | 0.00% |
| 8 | Wells Fargo Bank National Association | 32 | $22.1M | $689K | 8.29% | 5.00% |
| 9 | America First FCU | 31 | $47.4M | $1.5M | 5.73% | 0.00% |
| 10 | Readycap Lending, LLC | 25 | $31.7M | $1.3M | 9.40% | 0.00% |
| 11 | Commonwealth Business Bank | 24 | $26.8M | $1.1M | 7.29% | 0.00% |
| 12 | The Huntington National Bank | 23 | $8.2M | $356K | 8.90% | 0.00% |
| 13 | Mountain America FCU | 19 | $19.1M | $1.0M | 7.47% | 0.00% |
| 14 | Northeast Bank | 18 | $3.1M | $171K | 10.99% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 17 | $17.5M | $1.0M | 7.53% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 623312. Charge-off rates are calculated on the FY2020–FY2023 cohort only.