Financing Growth for Your Home Healthcare Business: How SBA 7(a) Loans Can Help You Expand
If you run a home healthcare agency, you know this business isn’t just about numbers—it’s about people. You’ve built your company with heart, long hours, and a mission to serve. But when it comes time to expand, like hiring new caregivers, upgrading tech, or moving into a larger office, you may be faced with a challenge: finding capital.
Growth takes more than vision. It takes funding. And that’s where the SBA 7(a) loan program comes in.
Why SBA 7(a) Loans Work Well for Home Healthcare Businesses
The SBA 7(a) loan is a government-backed solution designed to help small business owners access the financing they need. For home healthcare entrepreneurs, it offers flexibility and structure in an industry where cash flow can be unpredictable.
Why is it such a great fit for your business?
- High impact: Lenders understand the essential services you provide to aging and vulnerable populations.
- Predictable demand: With a growing senior population, home healthcare remains one of the most resilient industries.
- Flexible underwriting: SBA lenders often consider the full picture, looking at your individual circumstances to help you find financing.
Real-Life Example: A Home Health Agency That Scaled with SBA Support
Jennifer1, owner of a small home health company in suburban Pennsylvania, used an SBA 7(a) loan to hire three new caregivers, purchase software, and open a second location. Jennifer needed financing that respected her timeline and growth potential, not just her balance sheet. Quaint Oak Bank understood the complications that come with running a business like hers and helped structure a loan around it. Within six months, patient volume doubled, and so did her team.
Top 5 Ways to Use SBA 7(a) Loans for Home Health Agencies
1. Expanding Your Home Health Office or Location
Whether you’re outgrowing your current space or eyeing a second branch, an SBA loan can help you cover construction, leasehold improvements, or new property purchases.
2. Hiring and Retaining More Caregivers
In this industry, people are your business. Use funds to support hiring, onboarding, and payroll—even during periods of reimbursement delays.
3. Investing in Software & Telehealth Tools
Operational efficiency is essential. Invest in the platforms that help you serve more patients and reduce administrative strain.
4. Fleet Expansion: Vehicles for Home Visits
Transportation matters. An SBA loan can be used to purchase or lease reliable vehicles for staff, improving reach and punctuality.
5. Refinancing Existing Debt
If you’re managing high-interest loans, refinancing through the SBA can improve your monthly cash flow and stabilize your finances.
Step-by-Step: How to Apply for an SBA 7(a) Loan
Applying for an SBA loan doesn’t have to be overwhelming, especially when you work with a preferred lender who knows the field:
You will typically need items like:
- Tax returns
- Financial statements
- A business plan with growth projections
- Licensing, insurance, and certification documents
A commercial lender can meet with you to review in detail what specifically is needed in your own financing situation.
Learn more about the SBA application process and what you need to get started in our blog, “Starting Your SBA 7(a) Application: What You Need to Know.“
What Makes a Lender Right for Your Healthcare Business?
Not all lenders are the same. Look for one who:
- Has experience with SBA 7(a) loans
- Understands the needs of your local industry
- Provides ongoing guidance, not just paperwork processing
At Quaint Oak Bank, we partner with home health agencies to do exactly that. We don’t just process SBA loans, we help you find a lending option that gives you the opportunity for sustainable success.
Fuel Your Growth for Your Home Healthcare Business
You’ve built your business with compassion. Now it’s time to give it the tools to grow. Let us help you finance home healthcare business growth with an SBA 7(a) loan tailored to your goals. Whether you need help expanding your team, investing in technology, or opening a new location, we’re here to make the process smooth and strategic.
Frequently Asked Questions for Home Healthcare Business Growth
What credit score do I need for an SBA 7(a) loan?
Most lenders look for a credit score of 650 or higher, but exceptions can be made based on the overall financial picture and strength of your business.
How long does it take to get an SBA loan?
SBA 7(a) loans typically take 30–60 days from application to funding. Working with an SBA Preferred Lender like Quaint Oak can help expedite the process.
Are there other financing options besides SBA 7(a)?
Yes. We also offer other SBA loans, commercial loans, and business lines of credit to meet a variety of needs.
How does local expertise help my home healthcare business?
Our team knows the area – this is our community, too. That means we can help you navigate common issues and needs more effectively and efficiently.
Will I have a dedicated point of contact at your bank?
Yes. Unlike big banks where you may speak to a different person every time, you’ll have a dedicated relationship manager who gets to know your business and can offer tailored guidance as your needs evolve.
Contact Us Today!
All Loans Subject to Approval
1All case studies are for illustration purposes only and do not represent actual customers or specific business outcomes. They are hypothetical examples intended to demonstrate how SBA loans can be utilized by different types of businesses. Individual results may vary based on factors such as business size, industry, and loan terms.
