SBA Loans for Homes for the Elderly in New York: Top Lenders
NAICS 623NAICS 623 covers homes for the elderly businesses in New York. Based on historical SBA 7(a) lending data.
Total Approvals
3
in New York
Median Loan Size
$350,000
per approval
Recent Activity
0
last 90 days through Dec 2024
NAICS 623 covers homes for the elderly businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $350,000.
Key trends & insights
- Homes for the Elderly in New York lending is concentrated — Hanover Community Bank, Live OAK Banking Company, Keybank, National Association together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Hanover Community Bank leads this industry with 1 approvals (33% market share) and a median loan of $350,000.
- SBA data for this industry goes through 2024-12-12 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Homes for the Elderly in New York
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $350,000 | |
| 2 | 1 | $680,000 | |
| 3 | 1 | $25,000 |
Recent SBA 7(a) approvals for Homes for the Elderly in New York
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-12 | KeyBank National Association | Pro*****LLC | Staatsburg, NY | $25,000 |
| 2021-08 | Hanover Community Bank | Ste*****han | Forest Hills, NY | $350,000 |
| 2020-08 | Live Oak Banking Company | Vic*****ing | VICTOR, NY | $680,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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