Lending data
Who lends to healthcare practices, state by state
20,186 SBA 7(a) loans to healthcare practices across 50 states, with the most active lender and the median loan in each.
20,186 SBA 7(a) loans went to healthcare practices across 50 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 2,354 | $300,000 | 27% | Live Oak Banking Company |
| Texas | 1,917 | $319,000 | 46% | The Huntington National Bank |
| Florida | 1,843 | $300,000 | 37% | TD Bank |
| New York | 969 | $150,000 | 26% | TD Bank |
| Ohio | 923 | $142,300 | 38% | The Huntington National Bank |
| Georgia | 695 | $345,400 | 37% | The Huntington National Bank |
| Illinois | 673 | $200,000 | 32% | The Huntington National Bank |
| New Jersey | 661 | $230,000 | 36% | TD Bank |
| Michigan | 647 | $160,700 | 34% | The Huntington National Bank |
| Pennsylvania | 635 | $200,000 | 42% | The Huntington National Bank |
| Washington | 582 | $244,600 | 32% | Columbia Bank |
| Arizona | 549 | $350,000 | 36% | The Huntington National Bank |
| Colorado | 518 | $300,750 | 42% | The Huntington National Bank |
| Massachusetts | 514 | $138,800 | 33% | Eastern Bank |
| Minnesota | 506 | $200,000 | 38% | BankVista |
| Maryland | 498 | $150,000 | 43% | Manufacturers and Traders Trust Company |
| North Carolina | 474 | $350,000 | 43% | Live Oak Banking Company |
| Virginia | 455 | $250,000 | 44% | Live Oak Banking Company |
| Utah | 376 | $200,000 | 36% | Mountain America FCU |
| Indiana | 322 | $150,000 | 44% | The Huntington National Bank |
| Missouri | 308 | $187,350 | 42% | OakStar Bank |
| Wisconsin | 306 | $209,250 | 39% | The Huntington National Bank |
| Oregon | 286 | $194,500 | 34% | U.S. Bank |
| Connecticut | 280 | $150,000 | 42% | Manufacturers and Traders Trust Company |
| Nevada | 249 | $240,000 | 42% | Zions Bank |
| Idaho | 224 | $147,350 | 47% | Zions Bank |
| South Carolina | 208 | $241,250 | 41% | The Huntington National Bank |
| Tennessee | 206 | $300,000 | 44% | Newtek Bank |
| Kansas | 182 | $244,800 | 43% | Emprise Bank |
| Louisiana | 172 | $200,000 | 42% | b1BANK |
| Oklahoma | 171 | $270,400 | 43% | BancFirst |
| Kentucky | 156 | $163,600 | 27% | The Huntington National Bank |
| Alabama | 132 | $197,700 | 46% | The Huntington National Bank |
| Iowa | 121 | $180,000 | 46% | Nicolet National Bank |
| New Hampshire | 118 | $100,000 | 43% | TD Bank |
| Nebraska | 115 | $255,900 | 37% | Union Bank and Trust Company |
| Mississippi | 101 | $283,300 | 56% | The Huntington National Bank |
| Maine | 93 | $115,000 | 46% | Maine Community Bank |
| Arkansas | 90 | $249,250 | 42% | Southern Bancorp Bank |
| New Mexico | 80 | $238,800 | 38% | Western Commerce Bank |
| West Virginia | 73 | $120,000 | 42% | The Huntington National Bank |
| Rhode Island | 69 | $150,000 | 41% | Beacon Bank and Trust |
| Delaware | 52 | $100,000 | 52% | Manufacturers and Traders Trust Company |
| District of Columbia | 48 | $150,000 | 21% | Manufacturers and Traders Trust Company |
| Montana | 48 | $146,750 | 42% | Glacier Bank |
| Hawaii | 45 | $75,000 | 53% | Central Pacific Bank |
| Vermont | 39 | $90,000 | 46% | Manufacturers and Traders Trust Company |
| Alaska | 38 | $475,000 | 47% | Live Oak Banking Company |
| South Dakota | 34 | $159,000 | 62% | The First National Bank in Sioux Falls |
| North Dakota | 31 | $121,400 | 42% | Old National Bank |
What 7(a) lending to healthcare practices looks like nationally
| Measure | Health care and social assistance | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 20,710 | 214,102 |
| Median loan | $215,000 | $150,000 |
| 25th - 75th percentile | $75,475 - $577,325 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.00% | 10.25% |
| Share to startups | 37.6% | 33.6% |
| Charge-off rate, FY2010-19 | 4.5% | 7.1% |
| Jobs supported | 295,285 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loans here run larger than average. The median of $215,000 is 43% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 38% against 34% nationally.
- This market has performed well. Its FY2010-2019 charge-off rate of 4.5% is below the 7.1% overall figure, which is part of why lenders compete for it.
How financing works in this sector
The numbers above say who lends and on what terms. For what actually changes about financing healthcare practices — which products fit the working capital cycle, which metrics underwriters focus on, and which questions get asked — see our health care and social assistance financing guide.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.