Funding for Assisted Living & Senior Care
Monthly resident revenue is some of the steadiest in any industry, which underwrites well — and the capital needs are building-sized, which suits term loans and credit lines more than quick fixes.
Assisted living is a hospitality business with clinical stakes and around-the-clock payroll. Staffing is your largest line and it runs 24/7; a census dip or a stretch of agency-nurse rates can erase a quarter's margin; and the physical plant — kitchen, laundry, HVAC, call systems, sprinklers — demands capital on its own schedule, usually with a licensing inspector watching. Families choose with their eyes, so the community that defers its renovations loses move-ins to the one that did not. Broadway funds against what your community actually banks: one short form, three months of statements, a soft credit pull, same-day decision. Fast capital in as little as 24 hours when the boiler quits, and term loans up to $5M when the building needs real work.
The challenge
The building never closes, the staffing never stops, and one empty room is revenue gone for as long as it sits. Meanwhile families tour with a checklist, Medicaid-pending residents pay late, and the boiler does not care about your census.
How Broadway Advance helps
Monthly resident revenue is some of the steadiest in any industry, which underwrites well — and the capital needs are building-sized, which suits term loans and credit lines more than quick fixes.
What owners use it for
- Renovate rooms and common areas so tours turn into move-ins
- Cover payroll through a census dip or a costly stretch of agency staffing
- Replace kitchen, laundry, or HVAC plant before it fails an inspection
- Upgrade call systems, sprinklers, and life-safety equipment to stay licensed
- Bridge Medicaid-pending residents and long-term-care insurance delays
- Convert a wing to memory care and capture higher-acuity demand
See your real number in about five minutes.
Apply nowFunding options that fit assisted living & senior care
Term Loan
The lowest rates and longest terms, with predictable monthly payments.
Up to $5,000,000 →Business Line of Credit
A revolving cash reserve you only pay for when you draw on it.
Flexible limits →Asset-Based Lending
Turn real estate, inventory, equipment, or credit into working capital.
Based on asset value →Assisted Living & Senior Care funding questions
Our census dipped and cash is tight. Does that kill our application?
Not by itself. We read three months of bank statements, so a dip shows up — but so does the recurring monthly revenue from the residents you do have, which is steadier than almost any other industry's. The honest question is trajectory: a community refilling rooms after a rough quarter is fundable; one in structural decline needs a turnaround plan, not just capital. Bring real numbers and we will give you a straight same-day answer.
Should we use fast capital for a renovation, or wait for a bank?
For a real renovation, the bank-style answer is usually right: a term loan — Broadway brokers them up to $5M — spreads building-sized costs over a sensible term at a sensible rate. Fast capital costs more, so reserve it for what cannot wait: a failed boiler, a life-safety citation with a deadline, a payroll gap during agency-staffing season. We broker both, and the right answer is often a term loan for the project with a small fast piece for the emergency that triggered the call.
Can we borrow against resident receivables and pending Medicaid?
Often, yes. A receivables book that includes Medicaid-pending balances and long-term-care insurance claims is money you have earned that simply has not arrived, and asset-based lending exists to advance against exactly that. It typically costs less than unsecured fast money because the collateral is real. Not every funder touches senior care, but with 50+ programs across 25+ funders, we know the ones that do. Three months of statements and one short form starts it.