Senior care businesses play a crucial role in supporting communities across the country. To maintain this standard of care, it’s important to consider your business growth strategy and long-term financing needs. At FNB Small Business Finance, we support senior care businesses through flexible SBA lending solutions that ensure success.
Business types eligible for financing
We offer SBA financing for several business types within the senior care industry, including:
- Adult Day Care
- In Home Health Care (skilled and unskilled)
- In Home Respite/Hospice Care
- Memory Care
- Funeral Homes and Crematoriums
To learn more about our partnerships with small business owners in the industry, read our Success Stories from B&E Home Care and Senior’s 1st Choice Adult Day Care!
Financing for a variety of business needs
Our SBA 7(a) and 504 loan products for senior care businesses offer competitive financing terms, such as:
- Up to 100% financing for full or partial business acquisition, partner buyout, and owner-occupied commercial real estate
- Up to 90% financing for start-up businesses
- Financing for business expansion, including a new location, a larger facility, or an addition to a current facility
- Financing for ground-up construction and leasehold improvements
Our SBA loans can also include additional funds for furniture, fixtures, and equipment, as well as working capital to preserve cashflow and fuel future growth.
Flexible rate structures for your budget
Our SBA loans for senior care businesses also offer flexible rate structures, including 3- and 5-year fixed rates as well as quarterly variable rates. We allow you to choose the rate structure that works best for your budget and long-term business goals. Click here to view a list of all 8 rate structures.
If you’re ready to learn more about SBA loans for your senior care business, connect with one of our Business Development Officers today!
