FLORIDA · NAICS NAICS 6233 family
Florida assisted living projects sit in the country's deepest senior care demand base, and the deepest competitive supply. Studies establish service-area demographics, document competing supply at the unit and licensure level, model payer mix and rate structure, and stage a month-by-month occupancy ramp to stabilization with the staffing plan underneath it.
FEASIBILITY TRIGGER
Special-purpose senior housing is study-mandatory in practice, with month-by-month ramp, payer mix, and staffing analysis expected.
Between FY2010 and FY2026, SBA lenders approved and disbursed 318 7(a) and 504 loans for assisted living projects in Florida, totaling $383.2 million in approved financing at an average of $1.2 million per loan. Florida ranks #2 of 38 states tracked for assisted living SBA lending volume and accounts for 10.4% of national assisted living SBA dollar volume. 80.2% of these loans were made under the 7(a) program, the remainder under 504. 56 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 318 |
| Approved volume | $383.2 million |
| Average loan size | $1.2 million |
| 7(a) share | 80.2% |
| Approvals since FY2024 | 56 |
| State rank by loan count | #2 of 38 |
Among the 219 seasoned loans in this segment (approvals FY2010–FY2021), 6.8% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for assisted living is 4.1%, against 7.3% across all industries. That performance runs above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 6.8% adverse-resolution rate against the national assisted living benchmark of 4.1% tells credit committees to scrutinize revenue projections and coverage assumptions closely on Florida deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $1.2 million across 318 loans.
Every Florida assisted living project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Florida projects often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate, while SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
The nation's largest retiree in-migration gives Florida the deepest senior care demand base in the country, and the deepest competitive supply, which is exactly the tension a credible study resolves.
For a national view of this asset class, see our assisted living SBA feasibility overview, and read our related analysis in the assisted living lending research on our blog.
Public SBA and CDC program records, cited as program evidence
$4.5M total project through Florida First Capital
Expansion from 38 to 92 beds with refinance
Florida
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