TEXAS · NAICS NAICS 6233 family
Texas assisted living projects are senior housing, treated as special-purpose in practice. 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 193 7(a) and 504 loans for assisted living projects in Texas, totaling $268.3 million in approved financing at an average of $1.4 million per loan. Texas ranks #5 of 38 states tracked for assisted living SBA lending volume and accounts for 7.3% of national assisted living SBA dollar volume. 86.0% of these loans were made under the 7(a) program, the remainder under 504. 48 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 193 |
| Approved volume | $268.3 million |
| Average loan size | $1.4 million |
| 7(a) share | 86.0% |
| Approvals since FY2024 | 48 |
| State rank by loan count | #5 of 38 |
Among the 121 seasoned loans in this segment (approvals FY2010–FY2021), 5.8% 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 5.8% adverse-resolution rate against the national assisted living benchmark of 4.1% tells credit committees to scrutinize revenue projections and coverage assumptions closely on Texas 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 $1.4 million across 193 loans.
Every Texas 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.
Texas 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, which matters for larger Texas Triangle and I-35 corridor projects.
Texas demographics and Triangle-metro growth in age-65-plus cohorts make documented service-area demand and staffing economics central to any credible study.
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: Tennessee, Virginia, California.
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
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