SBA 7(a) Assisted Living Feasibility Study in Maryland

Scale of Maryland assisted living home lending

SBA approved 35 SBA 7(a) loans for assisted living homes in Maryland over FY2017 to FY2026, $38.3 million in gross dollars. A typical Maryland approval is $582,000, while the middle half of assisted living homes loans reaches from $124,900 to $1.7 million. Relative to assisted living homes nationwide under SBA 7(a), the Maryland figure is 0.77x, which puts Maryland below the national figure for assisted living homes. Franchised borrowers account for 5.7% of the assisted living homes loans in Maryland.

Counting loans, Maryland holds rank 16 among the states for assisted living homes, and inside Maryland this class takes 17 of 39 among SBA 7(a) classes. The busiest Maryland year was FY2026, with 9 loans and $9.0 million; and FY2026 lists 9 loans worth $9.0 million. Under 7(a), Maryland assisted living homes take loans that sit below the national median, and the program's mix of purchases, conversions and working capital shows here apart from the blended page.

Most Maryland loans sit with Wells Fargo Bank National Association, which holds 5 worth $6.0 million. Next come Manufacturers and Traders Trust Company: 5 loans, $235,000 in all. SBA's Maryland file puts Wells Fargo Bank National Association first among 35 loans, where each name holds or held assisted living homes loans; none is rated. Among counties and Baltimore City of Maryland, Baltimore shows 7 loans; next are Baltimore City with 6 and Howard with 5. Lower on the list are Anne Arundel 4, Harford 4 and Montgomery 4.

Cancellation and loss figures for Maryland assisted living homes

Among 35 loans in Maryland, Maryland cancellations after approval stay unprinted, just as funded Maryland loans are too thin for charge-offs. Neither blank is a zero. SBA's code picks out homes without nursing staff on site, so a Maryland home that employs nurses falls under other health classes, and memory care appears nowhere separately. SBA-outside loans never appear in Maryland's file.

What a Maryland care home study must show

Private-pay rates must be tested against what families near Baltimore can afford over years, beyond move-in. Regulatory inspections and licensing can pause admissions, so hold cash for that risk beside a loan near $582,000. Staffing is the largest cost, and caregiver turnover shapes quality and margin. Show payments covered under a slow lease-up. Say whether the funds are for a conversion, a new build or a purchase of a licensed home. Appraisers value care homes on bed income.