OHIO · NAICS NAICS 6233 family
Ohio assisted living projects pencil on month-by-month ramp, payer mix, and staffing, with trade-area senior demographics anchoring demand across the Three-C metros and the surrounding counties. Studies translate licensure, unit mix, rate by level of care, and labor into projections lenders can stress-test against ramp and refinance.
FEASIBILITY TRIGGER
Special-purpose senior housing is study-mandatory in practice, with month-by-month ramp, payer mix, and staffing analysis expected.
From FY2010 through FY2026, Ohio recorded 29 SBA-disbursed assisted living loans across the 7(a) and 504 programs, representing $33.9 million in approved financing at an average loan size of $1.2 million. The state sits at rank #18 of 38 for assisted living SBA lending volume and holds 0.9% of the national assisted living dollar pool. 7(a) accounts for 89.7% of the count, 504 for the rest, with 6 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 29 |
| Approved volume | $33.9 million |
| Average loan size | $1.2 million |
| 7(a) share | 89.7% |
| Approvals since FY2024 | 6 |
| State rank by loan count | #18 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned assisted living loans (approvals FY2010–FY2021) show an adverse-resolution rate of 4.1%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 4.1%, close to the national assisted living benchmark of 4.1%, puts Ohio deals in this class on ordinary SBA credit footing. Across 29 loans averaging $1.2 million, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Ohio 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.
Ohio projects most often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Three-C senior demographics anchor demand, and lenders consistently require ramp and payer mix analysis on Ohio assisted living packages.
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.
Compare neighboring markets: North Carolina, Oregon, Texas.
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, national program evidence
Florida
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