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Financing for Senior Care Business Owners

Small business Financing

Small business Financing

Get cash to modernize the office, pay everyday expenses and afford payroll.
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Equipment financing

Equipment financing

Business loans to purchase new equipment to provide excellent care.
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How Select Funding Can Help Senior Care Business Owners

The senior care industry is growing with an aging population and an increased average life span.
At the same time managing a senior assisted living facility can be challenging for its owners.
Select Funding can help you provide the best possible care to the residents. We offer senior care lending
solutions to assist with hiring experienced and caring staff, upgrading equipment, and modernizing the facilities.

Expand Your Senior Care Facility

Expand Your Senior Care Facility

Open a second facility in a new area with a business loan from Select Funding.
Hire and Train Caring Staff

Hire and Train Caring Staff

Small business loans to hire and train new employees for your business.
Upgrade Technology

Upgrade Technology

Buy new equipment for your facility to provide excellent care to the residents.
Pay Everyday Expenses

Pay Everyday Expenses

Pay for your assisted living facility rent, utilities, and taxes to maintain cash flow.

HEAR FROM OUR CUSTOMERS

Thank you so much for the easy and quick process of getting approved! Select Funding’s team went above and beyond in helping me achieve my goal of upgrading technology for my senior care facility.
KARMEN J.
Select Funding is very easy to use - their staff is amazing and loan terms are favorable. If this is what your senior care business needs, I would encourage you to give them a shot.
Gary F.
Very flexible cash flow lender. We have used Select Funding multiple times for maintaining our Senior Care Facility and each one was done professionally
Amy K.

How it Works

Step 1

Complete your application for funding in a few minutes through our online portal or call (866) 639 0404 to speak to one of our funding advisors.

Step 2

Once we receive your completed application it will be evaluated by our automated technology providing a decision within hours.

Step 3

Funds are deposited into your business account within one business day. Equipment financing loans will be completed in as quickly as three business days.

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SMALL BUSINESS LOANS FOR MEDICAL PRACTICE

We are passionate about creating opportunities for small businesses like yours because we
believe small businesses are the lifeblood of the community.

24 HOUR FUNDING

24 HOUR FUNDING

We make decisions quickly and fund your business within 24 hours.
REVENUE BASED FINANCING

REVENUE BASED FINANCING

We look at your sales not profits
UNSECURED LOANS UP TO $500,000

UNSECURED LOANS UP TO $500,000

Get a loan without leveraging any of your assets to secure funds.
MATCH WITH THE BEST OFFER ACROSS 25 LENDERS

MATCH WITH THE BEST OFFER ACROSS 25 LENDERS

By working with over 25 lenders we can offer the lowest rates.
UPGRADE TECHNOLOGY

UPGRADE TECHNOLOGY

Senior Care equipment financing up to $1,000,000. Buy new equipment to provide excellent care.
EXPAND YOUR BUSINESS

EXPAND YOUR BUSINESS

Open a second facility in a new area to take care of more people.

Senior Care and Assisted Living Resources

Learn how to finance your business, improve your costs, or grow your business.

Everything Senior Care Owners Need to Know About Business Loans

Senior care is a booming industry that will only continue to grow. However, with the increased demand for senior care comes an increased need for investment capital. Without financing, senior care owners are unable to make necessary changes to meet current demands and plan for future growth. This blog provides some helpful tips on what you should know about financing your business.
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7 Strategies to Grow Your Assisted Living Business

As a business owner, you're always looking for ways to grow your company and bring in more revenue. If you're running an assisted living facility, it's important to continually find new and innovative ways to bring in residents and keep them happy. Learn more to discover seven strategies that can help you grow your assisted living business.
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7 Steps To Enhance Operations For Your Senior Living Facility

What are the benefits of enhancing operations at your senior living facility? For one, it can help you be more successful in creating a culture that is aligned with your values. This will make employees happier and increase their productivity. More importantly, it can also help reduce turnover which otherwise could lead to an increased cost of labor for your company. This blog post will cover six steps to enhance operations for your senior living facility.
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FAQ

What credit score do you need for Assisted Living Facilities?

As a part of our minimum requirements, it is advised to have a FICO score of 500.

How can I use the funds?

We usually provide loans to help senior care businesses buy equipment or finance other business activities such as payroll or rent.

Are there any minimum requirements for Senior Care Financing Solutions?

Yes, below are the minimum eligibility requirements:

  • Revenue: $10,000/month in business deposits
  • Time In Business: 6 Months
  • Documents: 3 - Months of Business Bank Statements
  • Minimum FICO Score: 500

How long does the application process take?

The entire application process for senior care business financing takes a few minutes. You can use your device to complete the online application at your convenience. The online application can be found here.

What kind of documentation do I need to provide to get a senior care business loan?

We try to keep the paperwork at a minimum for senior care and assisted living financing! You need to fill in our secure and quick online application and provide 3 months of business statements as an attachment to the online application.

If my application is approved for assisted living financing, how and when do I get paid?

From application to funding you can receive the cash you need in as little as two days and receive your equipment financing in as little as three days.

How Can I apply for Assisted Living financing?

Step 1: Apply

Complete our online application or contact a loan advisor through (866) 639 0404.

Step 2: Qualify

Once we receive your completed application it will be evaluated by our automated technology providing a decision within hours.

Step 3: Get Funded

Funds are deposited into your business account within one business day. Equipment financing loans will be completed in as quickly as three business days.

Is it hard to get business loans for senior care companies?

Getting a loan is fast and straightforward with Select Funding. We do not look at your profits but make the financing decision based on your revenue. We require a few documents and a minimal FICO score.

How much income do you need to get business loans for assisted living facilities?

You will need a minimum revenue of $10,000/month in business deposits