SBA Loans for Florida Assisted Living Facilities: Complete Guide
SBA loans offer Florida assisted living facility owners attractive financing with lower down payments and longer terms. Florida's strong SBA lender network makes these programs particularly accessible.
Interested in SBA Financing for Your Florida ALF?
Jaken Finance Group is an experienced SBA lender for assisted living facilities.
Get Your Free SBA Loan Quote →SBA Loan Programs for Florida ALFs
SBA 7(a) Loan Program
| Feature | Details |
|---|---|
| Maximum Amount | $5 million |
| Down Payment | 10-20% |
| Interest Rate | Prime + 2.25-2.75% |
| Term | Up to 25 years |
SBA 504 Loan Program
| Feature | Details |
|---|---|
| Maximum Amount | $5.5 million (CDC portion) |
| Down Payment | 10-15% |
| Interest Rate | Below market |
| Term | 10-25 years |
SBA Loan Eligibility
Requirements
| Requirement | Details |
|---|---|
| Business size | Under $7.5M average annual receipts |
| For-profit | Must be for-profit entity |
| Owner-occupied | 51%+ for existing buildings |
| Credit score | 680+ preferred |
Not Sure If You Qualify?
Our team can pre-qualify you for SBA financing in minutes.
Check Your Eligibility →SBA Loan Rates (2026)
| Loan Type | Rate Range |
|---|---|
| SBA 7(a) Variable | Prime + 2.25-2.75% |
| SBA 7(a) Fixed | 8.5-10.5% |
| SBA 504 (20-year) | ~6.0-6.5% |
Application Timeline
| Phase | Duration |
|---|---|
| Pre-qualification | 1-2 weeks |
| Full application | 2-3 weeks |
| Underwriting | 3-6 weeks |
| Closing | 2-4 weeks |
| Total | 9-18 weeks |
Florida SBA Loan Example
Scenario: Acquiring 45-bed ALF in Tampa
| Item | Amount |
|---|---|
| Purchase price | $4,500,000 |
| SBA 7(a) loan | $4,050,000 (90%) |
| Down payment | $450,000 (10%) |
| Interest rate | 10.5% |
| Term | 25 years |
Related Florida ALF Resources
Ready to Apply for SBA Financing?
Jaken Finance Group makes SBA loans simple for Florida assisted living facilities.
Get Your Free SBA Loan Quote →Disclaimer: This information is for educational purposes only. All financing provided by Jaken Finance Group, subject to SBA and lender approval.