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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

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.

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Keith Nigbur

(801) 891-2696Vice PresidentBusiness Development Officer