SBA 7(a) Skilled Nursing Feasibility Study in Ohio

What Ohio records for SBA 7(a) skilled nursing lending

SBA's files show 26 approvals under 7(a) for skilled nursing projects in Ohio between FY2017 and FY2026, worth $24.2 million. Ohio's skilled nursing volume under SBA 7(a) stands 6 nationally on loan count, while skilled nursing sits 24 of 39 within Ohio's asset classes. Typical size: $300,000. Relative to skilled nursing (SBA 7(a)) loans nationwide, Ohio runs at 0.60x on the median, a lighter loan size. Half of all Ohio loans run from $187,500 to $1.4 million. Franchised applicants account for 0.00% of the 26 loans. Neither the $300,000 Ohio median nor any other skilled nursing metric among 26 loans is flagged against the Ohio all-class record or the national skilled nursing record; for Ohio, read the named institutions and the local spread.

For Ohio skilled nursing: institutions and local spread

Among Ohio institutions, the leaders here are The Huntington National Bank, 15 loans at $8.6 million. The Ohio skilled nursing ranking follows whoever holds each Ohio loan today. Within Ohio, the counties with the most loans are Lake with 6, Columbiana with 4, Marion with 3 and Clermont with 2. Year by year in Ohio, approvals peaked at 7 loans, worth $15.1 million, in FY2017, and FY2026 brings 0 loans worth $0 as the most recent year shown.

Ohio: outcomes, read as minimums for skilled nursing

No figure appears for the Ohio skilled nursing cancellation rate, since too few Ohio loans sit in its cohort; Loan Analytics withholds it, and the gap is not zero skilled nursing cancellations. For Ohio skilled nursing loans funded in FY2017 to FY2021, Loan Analytics withholds the Ohio skilled nursing loss rate; with so few Ohio loans in that cohort, any Ohio number would mislead, and we publish none and imply no zero for skilled nursing. Each Ohio skilled nursing rate above is a minimum, as undisbursed skilled nursing loans may yet fail. Keep this caveat while reading Ohio's 26 loans: in-patient hospice and assisted living with nursing care cannot be separated from skilled nursing, because SBA's NAICS code additionally holds both.

Proof an Ohio skilled nursing study owes its lender

A 7(a) loan for an Ohio skilled nursing project carries a partial SBA guarantee through a participating Ohio lender; the participating lender's review is what the study must satisfy, from use of proceeds to skilled nursing cash flow. An Ohio skilled nursing study measures beds relative to the senior population and existing nursing bed inventory. Licensed room layouts, life-safety protection, nursing ramp-up and licensure steps set skilled nursing costs in Ohio. Debt service coverage for Ohio skilled nursing must be tested at the $300,000 median and again near $1.4 million, which closes the Ohio middle half from above, with a weaker skilled nursing case beside both. An appraisal will separate the building from the going business, and the study does the same. A borrower who approaches The Huntington National Bank can use its 15 loans here as background alone: SBA's figures describe loans, not any terms.

Take the Ohio skilled nursing history above, 26 loans, as perspective: a skilled nursing study from Loan Analytics for Ohio, signed by Daniel Smith, MAI, for skilled nursing, does the site-specific Ohio testing, and nothing here promises Ohio approval of a skilled nursing loan.