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Grow your assisted living, skilled nursing and senior housing services with a top 5 SBA lender.

Whether you’re expanding facilities, building new residences or refinancing a property, we can help.

Byline Bank’s small business lenders specialize in U.S. Small Business Administration (SBA) loans, which offer longer terms and more flexible requirements than a conventional loan.

Our lenders are experienced in helping assisted living businesses secure the financing they need. And, as an SBA Preferred Lender, Byline can make credit decisions in-house, resulting in expedited approvals.

Why Byline Bank?

Our lending specialists understand the assisted living industry. We know how to structure a loan that meets your needs.

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Details

  • Amount: Up to $5 million
  • Financing Percentages: Up to 90% financing for acquisitions and up to 100% financing for expansions
  • Term: Up to 25 years if 51%+ is real estate debt (can include business)
  • Down Payment: As little as $0 (expansion/rent replacement)
  • Prepayment Penalty: None
  • Footprint: Nationwide
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Purposes

  • New construction or renovation
  • Business Acquisition
  • Franchise Acquisition
  • Real Estate Acquisition
  • First-time Ownership
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Benefits

  • Faster approvals thanks to Byline’s SBA Preferred Lender status
  • Longer amortization
  • Lower loan payments
  • No future balloon payment
  • Closing costs can be included

Case Study

BeeHive Homes

Challenge
When the owners of a BeeHive Homes franchise in Utah decided to sell, they knew the best option for the business’ future was one of their own employees. She knew the operations, financials and residents better than anyone. However, the purchase price was out of reach.

Solution
As an experienced SBA lender to the assisted living industry, Byline Bank worked with buyer and seller to reach the 10% equity needed for an SBA 7(a) loan. Find out how our creative solution made first-time business ownership possible for the buyer.

How We Helped

Taking a Different Path to Follow Your Dream
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Recent Deal Announcements

Assisted Living Facility

Brooksville, FL

$525,000
SBA 7(a) Loan

Business Acquisition

Assisted Living Facility

Frisco, TX

$4 MILLION
SBA 7(a) Loan

Business Acquisition

Assisted Living Facility

Citrus Springs, FL

$310,000
SBA 7(a) Loan

Business Acquisition

Assisted Living Facility

Syracuse, UT

$2,173,000
SBA 7(a) Loan

Business Acquisition

Contact our assisted living financing
specialists to get started.

Keith Nigbur

Keith Nigbur

(801) 891-2696Vice President, Business Development OfficerSmall Business Capital