SBA 7(a) Assisted Living Feasibility Study in Oregon

Large loans and no franchise at all

Oregon assisted living without on-site nursing borrows heavily under SBA 7(a), and none of it is franchised. The file shows 53 approvals from FY2017 to FY2026 with $53.5 million in dollars. The median loan is $652,000, the central half of the book spans $320,000 to $1.1 million, and the franchise share is 0.00%. Against the national median for this class the Oregon figure is 0.87x. Oregon ranks 11 by count and assisted living stands 14 of 39 among its asset types.

Recent surge

Approvals climbed from 2 in FY2021 to 7 in FY2025 and 10 in FY2026, with dollar totals of $11.3 million and $10.1 million in those two years, the largest in the series. Columbia Bank holds 10 loans worth $10.6 million, Live Oak Banking Company holds 5 worth $7.5 million, and Commonwealth Business Bank holds 5 worth $4.4 million. In the counties, Clackamas leads with 17, Multnomah has 12, Washington has 9, and Polk has 6.

Edges of the code

Only homes without on-site nursing have this code, and memory care has none. Homes that employ nurses are counted in two other health classes, so a project with nursing belongs on those pages as well.

Outcomes

Cancellation was 13.9% for FY2017 to FY2024 approvals, unchanged at 13.9% when undisbursed loans are included. Nothing prints for charge-off: Oregon's funded cohort is too thin for a rate, which is held back and should not be read as nil. Anyone comparing this cell with the state's other health classes should compare cancellations only.

What an Oregon care-home study tests

The study should size demand from adults old enough to need help with daily living in the catchment, and from what they can pay privately, since most operators here depend on resident fees. It should list licensed beds already open nearby and show the monthly rate with annual increases. Lease-up speed decides whether interest is covered during fill-up, so interest reserves and a slower scenario belong in the model. Staffing, the main expense, depends on licensing ratios and Oregon wage levels. For a request near the $652,000 median, the analysis should split property value from business value, as an appraiser does, and show beds, rates and occupancy at stabilization.