How have SBA loans in Homes for the Elderly turned out?
Of 1,912 loans approved in fiscal 2001 to 2021 (at least five years old), 86 (4.5%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Homes for the Elderly appears on 2,879 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $3.0 billion in gross approvals. These are loans, not a rating.
Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.
Homes for the ElderlyIndustry NAICS 623312 · 2,879 loans
5%of seasoned loans charged off
Homes for the Elderly appears on 2,879 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $3.0 billion in gross approvals.
Of 1,912 loans approved in fiscal 2001 to 2021 (at least five years old), 86 (4.5%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.
share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year
Every approval year
Approval year
Loans
Approved
Paid in full
Charged off
Not yet resolved
Charged-off share
FY2001
31
$16.4 million
21
10
0
32.3%
FY2002
34
$15.6 million
30
4
0
11.8%
FY2003
43
$16.6 million
37
5
1
11.6%
FY2004
49
$23.8 million
43
6
0
12.2%
FY2005
41
$16.0 million
35
4
2
9.8%
FY2006
38
$22.9 million
28
8
2
21.1%
FY2007
25
$14.2 million
14
8
3
32.0%
FY2008
38
$22.6 million
27
8
3
21.1%
FY2009
27
$19.1 million
19
7
1
25.9%
FY2010
51
$27.6 million
45
1
5
2.0%
FY2011
49
$40.8 million
44
0
5
0.0%
FY2012
44
$42.0 million
43
0
1
0.0%
FY2013
70
$79.1 million
59
1
10
1.4%
FY2014
109
$127.3 million
88
1
20
0.9%
FY2015
130
$121.4 million
107
5
18
3.8%
FY2016
162
$138.1 million
132
4
26
2.5%
FY2017
200
$168.6 million
153
8
39
4.0%
FY2018
189
$180.9 million
139
2
48
1.1%
FY2019
149
$152.2 million
91
2
56
1.3%
FY2020
160
$215.9 million
104
1
55
0.6%
FY2021
273
$391.5 million
123
1
149
0.4%
FY2022
190
$212.7 million
50
1
139
too recent for a share
FY2023
171
$226.4 million
16
1
154
too recent for a share
FY2024
213
$241.1 million
13
0
200
too recent for a share
FY2025
244
$279.3 million
6
1
237
too recent for a share
FY2026
149
$190.5 million
2
0
147
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2001 to 2021)
Charged off
Share
California
437
16
3.7%
Florida
220
14
6.4%
Arizona
152
9
5.9%
Washington
134
0
0.0%
Texas
95
6
6.3%
Wisconsin
86
4
4.7%
Utah
81
4
4.9%
Georgia
78
4
5.1%
Michigan
69
4
5.8%
Pennsylvania
50
4
8.0%
Colorado
45
1
2.2%
Minnesota
45
0
0.0%
US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.