Assisted Living Feasibility Study in the San Juan-Bayamón-Caguas, PR Metro Area
What SBA's own loan files show about assisted living (without nursing care) lending in the San Juan-Bayamón-Caguas, PR Metro Area, and what a feasibility study for a project there has to test.
Care homes with a high quotient
San Juan-Bayamón-Caguas stands at 16 of 321 on the national list of areas for assisted living (without nursing care) loans, and the assisted living (without nursing care) class holds 8 of 39 inside San Juan-Bayamón-Caguas. From FY2017 through FY2026, 33 loans were approved for $8.0 million, 8 each in Bayamón Municipio and San Juan Municipio. Measured as a location quotient, assisted living (without nursing care) loans score 2.27x in San Juan-Bayamón-Caguas, a larger share than nationally. The page names no distinctive metric, so this is context, not a finding.
The median is $129,600, merely 0.17x the national median over assisted living without nursing, and loans in the middle band run from $30,000 up to $262,000. The franchise share is 0.00%. SBA's data in San Juan-Bayamón-Caguas does not print how the San Juan-Bayamón-Caguas loans split over 7(a) and 504 in San Juan-Bayamón-Caguas in San Juan-Bayamón-Caguas. San Juan-Bayamón-Caguas: these totals count just SBA-recorded assisted living (without nursing care) loans, so a study in San Juan-Bayamón-Caguas should treat them as one input among several for assisted living (without nursing care).
Holder and years
In SBA's records Banco Popular de Puerto Rico is the present holder of 8 7(a) loans worth $1.1 million. The record names the current holder and no detail on lending practice. Four years are printed: FY2017 and FY2018 with no loans and $0 each, FY2022 at 5 loans and $688,300, and FY2024 brings 8 loans and $3.5 million, the largest shown. We do not print San Juan-Bayamón-Caguas's both outcome rates because the San Juan-Bayamón-Caguas FY2017-to-FY2021 group holds beneath 30 loans, beneath our own line for San Juan-Bayamón-Caguas. A missing rate in San Juan-Bayamón-Caguas is never a zero.
The code isolates homes with no nursing on site, and memory care has no separate code. A home with nursing staff falls into the skilled nursing and continuing care classes, and a mixed-acuity plan requires those pages as well.
A San Juan area care-home plan has to begin with the paying resident base: how many households can fund care where no nursing is on site. It then sets licensed beds beside conversion or construction cost that fits a loan near $129,600, plans the staff, and shows payment cover at a realistic census after tenancy-up with a slower case beside it. The appraisal will rest on beds and earnings. Federal rules set San Juan-Bayamón-Caguas; and loans from counties San Juan-Bayamón-Caguas cannot match are absent from its totals.
How to read San Juan-Bayamón-Caguas's cell
A lender will see a class that is small in dollars but heavy relative to the national mix, with the median far under the national figure, so a proposal in San Juan-Bayamón-Caguas is judged relative to small tickets. An applicant should read the middle band as the San Juan-Bayamón-Caguas record of what closed, and should explain plainly why a project requires more than its upper edge. Two municipios share the county-level rows equally, which leaves the rest of San Juan-Bayamón-Caguas area with fewer direct comparables.
SBA assisted living (without nursing care) loans in the San Juan-Bayamón-Caguas, PR Metro Area
| Loans approved, FY2017 to FY2026 | 33 |
|---|---|
| Gross dollars approved | $8.0 million |
| Median loan | $129,600 |
| Middle half of loans, from | $30,000 |
| Middle half of loans, to | $262,000 |
| SBA 7(a) loans | withheld |
| SBA 504 loans | withheld |
| Franchise share of loans | 0.00% |
| Rank among metro and micro areas for assisted living (without nursing care) loans | 16 of 321 |
| Rank of assisted living (without nursing care) among the classes in this area | 8 of 39 |
| Location quotient (share of loans against the national share) | 2.27x |
| Median loan against the national median for the class | 0.17x |
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 San Juan-Bayamón-Caguas, PR Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 0 | $0 |
| FY2018 | 0 | $0 |
| FY2019 | withheld | withheld |
| FY2020 | withheld | withheld |
| FY2021 | withheld | withheld |
| FY2022 | 5 | $688,300 |
| FY2023 | withheld | withheld |
| FY2024 | 8 | $3.5 million |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Banco Popular de Puerto Rico | 8 | $1.1 million |
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 |
|---|---|
| Bayamón Municipio, PR | 8 |
| San Juan Municipio, PR | 8 |
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-41980-C05.
Related feasibility study pages
- Assisted living feasibility study and SBA loan data
- Feasibility Study Data for the San Juan-Bayamón-Caguas, PR Metro Area
- Feasibility Study Data by Metro Area
- Feasibility studies for SBA 7(a) and 504 loans
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- Assisted Living Feasibility Study in the Phoenix-Mesa-Chandler, AZ Metro Area
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