Assisted Living Feasibility Study in the Baltimore-Columbia-Towson, MD Metro Area
What SBA's own loan files show about assisted living (without nursing care) lending in the Baltimore-Columbia-Towson, MD Metro Area, and what a feasibility study for a project there has to test.
Care homes in the Baltimore area
Ranking classes, assisted living (without nursing care) comes in at 12 of 39 for Baltimore-Columbia-Towson; counting areas, Baltimore-Columbia-Towson is 21 of 321 for assisted living (without nursing care). The 30 approvals, worth $27.7 million, were made between FY2017 and FY2026, led by Baltimore County and Howard County with 7 each, then Baltimore city with 6 and Harford County with 5. At 1.35x, Baltimore-Columbia-Towson puts a heavier share of SBA lending into assisted living (without nursing care) loans than the national mix does.
$381,000 is the median loan here, 0.50x the national figure for assisted living without nursing, and $109,950 marks the lower quartile and $1.5 million the upper. That is a broad band, with the top edge far above the bottom. The franchise share is not shown. The page omits how these loans divide between the two SBA programs here in Baltimore-Columbia-Towson. All above describes SBA loans in Baltimore-Columbia-Towson; other money for assisted living (without nursing care) projects in Baltimore-Columbia-Towson lies outside these figures.
The holder and the printed years
Manufacturers and Traders Trust Company: 5 of the 7(a) loans, $235,000. However a holder's practice may be, this page does not describe it. Two years are shown: FY2020 with no loans and $0, and FY2023 with 6 loans and $9.5 million. We withhold Baltimore-Columbia-Towson's both loss-side rates because the Baltimore-Columbia-Towson FY2017 to FY2021 cohort counts beneath 30 loans, under our own threshold for Baltimore-Columbia-Towson. A withheld rate in Baltimore-Columbia-Towson does not mean none.
The code isolates assisted living without nursing on site, and memory care is not coded separately. A home with nursing staff belongs to the skilled nursing and continuing care classes, which a mixed project should also consult.
Checks before a request for Baltimore-Columbia-Towson goes in
For a Baltimore area home, establish the size of the paying resident base and how many licensed beds the building can hold, then set conversion or construction cost against a loan near $381,000 and a band that reaches $1.5 million. Plan staffing for the census those beds will carry, show payment cover after a realistic tenancy-up with a slower alternative, and expect the appraiser's work to rest on beds and earned earnings. Federal rules set Baltimore-Columbia-Towson, and loans from counties Baltimore-Columbia-Towson cannot match stay excluded from its totals.
SBA assisted living (without nursing care) loans in the Baltimore-Columbia-Towson, MD Metro Area
| Loans approved, FY2017 to FY2026 | 30 |
|---|---|
| Gross dollars approved | $27.7 million |
| Median loan | $381,000 |
| Middle half of loans, from | $109,950 |
| Middle half of loans, to | $1.5 million |
| SBA 7(a) loans | withheld |
| SBA 504 loans | withheld |
| Franchise share of loans | withheld |
| Rank among metro and micro areas for assisted living (without nursing care) loans | 21 of 321 |
| Rank of assisted living (without nursing care) among the classes in this area | 12 of 39 |
| Location quotient (share of loans against the national share) | 1.35x |
| Median loan against the national median for the class | 0.50x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | not reported: fewer than 30 loans in the cohort |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA assisted living (without nursing care) loans approved in the Baltimore-Columbia-Towson, MD Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | withheld | withheld |
| FY2018 | withheld | withheld |
| FY2019 | withheld | withheld |
| FY2020 | 0 | $0 |
| FY2021 | withheld | withheld |
| FY2022 | withheld | withheld |
| FY2023 | 6 | $9.5 million |
| FY2024 | withheld | withheld |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Manufacturers and Traders Trust Company | 5 | $235,000 |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Where the loans are, by county
| County | Loans |
|---|---|
| Baltimore County, MD | 7 |
| Howard County, MD | 7 |
| Baltimore city, MD | 6 |
| Harford County, MD | 5 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
Only assisted living without on-site nursing has its own code; memory care has none. Assisted living with nursing is counted in the skilled nursing and continuing care retirement community classes.
Shared code: Assisted living WITH nursing is indexed to 623110 and 623311.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-12580-C05.
Related feasibility study pages
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- Feasibility Study Data for the Baltimore-Columbia-Towson, MD Metro Area
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- Maryland feasibility study consultant
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- SBA feasibility study company
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Loan Analytics prepares the feasibility study a lender reads before it commits: for a assisted living (without nursing care) project in the Baltimore-Columbia-Towson, MD Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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