Best SBA 7(a) lenders for nursing care facilities
The top SBA 7(a) lenders for nursing care facilities (NAICS 623110) are Celtic Bank Corporation, The Huntington National Bank, Byline Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 357 loans totaling $392.2M to businesses in this industry. Average loan size: $1.1M. Average rate: 8.33%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
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.