SENIOR CARE SBA 7(a) LOANS
Caring for seniors is more than just a job—it's a calling. We share your passion and commitment to delivering the highest quality of service. We know that running an elder care facility comes with its own set of challenges, balancing finances while ensuring the well-being of those you serve.
Whether you’re looking to hire new staff, purchase equipment, or renovate your facilities, the SBA 7(a) loan is a top financing choice for elder care facilities due to its flexibility and accessibility.
Longer Repayment Terms
SBA 7(a) loans provide flexible repayment terms, with up to 10 years for working capital, equipment, and general business needs, and up to 25 years for real estate purchases. Loans with terms under 15 years have no prepayment penalties, while loans exceeding 15 years incur penalties in the first three years: 5% in the first year, 3% in the second, and 1% in the third. After three years, you can repay without penalties, giving you freedom to manage your loan as needed.
Competitive Interest Rates
Benefit from the lower interest rates available with SBA 7(a) loans to reduce your overall financing expenses. The government’s guarantee allows us to offer rates that are more competitive than those from conventional lenders.
Lower Down Payments
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Flexible Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Elder Care Business?
Our flexible financing solutions allow you to invest in the most critical aspects of your business, whether it's one specific area or several at once:
Buy a Senior Care Business
Acquiring an existing senior care business with an SBA 7(a) loan allows you to take over a facility or home care service with an established reputation and client base. With flexible financing options and low down payments, you can secure ownership while keeping capital available for staffing, marketing, and operational improvements. Unlock SBA Loan Options for Buying a Business
Start a Senior Care Business
Launching a senior care business is a rewarding opportunity to provide essential services to an aging population. An SBA 7(a) loan provides financing for licensing, facility setup, home care equipment, marketing, and working capital to help you establish a successful operation. Learn How SBA Loans Support Startups
Buy Real Estate – Stop Leasing Your Facility
Owning your senior care facility provides long-term stability, eliminates rising lease costs, and builds equity in your business. An SBA 7(a) loan offers financing to purchase or renovate a property, giving you control over your location and future expansion. See How SBA Loans Help You Buy Property
Working Capital
Steady cash flow is essential for managing payroll, medical supplies, transportation, and daily operational costs in a senior care business. An SBA 7(a) loan provides flexible working capital to help maintain high-quality care, support staffing needs, and invest in business growth. Find Out How SBA Loans Cover Daily Expenses
Debt Refinancing
Refinancing high-interest debt with an SBA 7(a) loan can lower monthly payments and improve financial stability. By securing better loan terms, you can reduce financial strain and reinvest savings into staff training, facility upgrades, and enhanced patient care services. Discover Smart Ways to Refinance Business Debt
Solutions for Every Stage of Your Elder Care Business
Our SBA 7(a) loans are designed to support elder care owners throughout their careers, whether you’re just getting started, expanding your business, or preparing for retirement.