ASSISTED LIVING FACILITIES • LINE OF CREDITBusiness line of credit for assisted living facilities — keep cash flow steady
Loot offers assisted living facilities an unsecured business line of credit from $5,000 to $100,000. Facilities with 1+ year in business and $200K+ in annual revenue can check eligibility with a soft pull, get a decision in minutes, and receive same-day approval without impacting their credit score.
No collateral
No hidden fees 
Same-day approval
Assisted living challenges: payroll, care costs, and delayed payments
Facilities often pay staff, buy food, and cover medical supplies long before reimbursements or payments arrive. Unexpected repairs and fluctuating resident needs add more strain. Loot helps smooth cash flow and keep residents cared for.
Cover payroll for nurses, caregivers, and staff- Purchase medical supplies and food upfront
- Smooth cash flow while waiting on reimbursements
Where an assisted living line of credit does the heavy lifting
Four moments assisted living cash flow needs backup — and how a Loot line of credit helps in each one.
Cover payroll while payments are still processing
Caregiver payroll does not wait for payment timing to catch up. Resident invoices, family payments, or other receivables may take longer than expected. A short-term draw can help cover staff wages without draining your operating account.
Buy supplies before revenue lands
Assisted living facilities carry costs before cash comes in. Food orders, medical supplies, linens, cleaning products, and resident care items can add up quickly. A line of credit can help you purchase what the facility needs before payments clear.
Handle repairs without pulling from payroll
Facility repairs can arrive with no warning. An HVAC issue, plumbing repair, laundry breakdown, or kitchen equipment problem can put pressure on the budget fast. A line of credit can help cover urgent business costs without pulling cash away from staff pay.
Manage occupancy changes and payment delays
Cash flow can shift when a room sits open longer than expected. Move-ins take time. Family payments may be delayed. Insurance payments may not land on the same schedule as payroll. A revolving line can help smooth the gap when facility income and operating costs do not line up.
How an assisted living line of credit helps
A business line of credit for assisted living facilities provides flexible capital to cover payroll, care expenses, and emergencies. Draw loot as needed, repay as payments arrive, and keep operations steady.
Loot for care
Draw capital instantly to cover resident and facility needs.
No hidden costs
Only pay for what you use — no surprise fees draining budgets.
Fits any facility size
From small centers to large communities, the line flexes with your needs.
Trusted by assisted living facilities
Built by operators who understand resident care costs and delayed reimbursements. Transparent terms, no hidden surprises.
Speed that keeps care steady
From application to funding, Loot provides facilities with capital faster than a call bell rings.
Flexible like care plans
Use a little or a lot. Repay as payments arrive. Scale limits as resident needs grow.
How a Loot line of credit works for an assisted living facility
Say your facility needs $20,000 to cover caregiver payroll, a food order, and an urgent HVAC repair while payments are still processing. With Loot, you can draw $20,000 from your approved line.
Before you confirm, you choose a fixed weekly repayment plan upfront, such as 16, 20, or 24 weeks. You see the total cost before you move forward.
If payments land sooner than expected and you pay the draw off early, there is no prepayment penalty. Paying off early can save up to 50% of remaining fees.
As you repay, your line revolves — the loot comes back as you pay down the draw. Same-day approval is standard, decisions happen in minutes, and funds usually land within hours depending on the transfer method. Instant transfers are available.
Requirements for assisted living financing
To qualify with Loot, your assisted living facility needs:
1+ years
$200k+
None
Checking eligibility is a soft pull, so it does not impact your credit score, approved or not. Loot looks at real business cash flow, not just a credit score.
Assisted living line of credit vs. term loan vs. business credit card
| Features | Business Line of Credit | Term Loan* | Business Credit Card |
|---|---|---|---|
| How you access funds | Draw from an approved credit line when your facility needs funds | Receive one lump sum upfront | Use the card for purchases up to the credit limit |
| What you pay for | Only the amount you draw | The full loan amount* | Purchases made on the card |
| Repayment | Each draw has a fixed daily, weekly, bi-weekly, or monthly repayment plan chosen upfront | Usually fixed payments over a set term* | Minimum monthly payments, with interest if a balance carries |
| Revolves? | Yes, the line revolves as you repay | No, it is a one-time loan* | Yes, available credit renews as you pay |
| Best for | Payroll timing, supply orders, facility repairs, payment delays | Larger one-time projects or facility upgrades | Smaller purchases, subscriptions, or everyday expenses |
A term loan* can fit one large project. A business credit card can fit smaller daily purchases. A business line of credit can fit repeat facility needs, like payroll timing, supply orders, urgent repairs, and payment delays.
What assisted living facility owners can use a line of credit for
- Caregiver payroll
- Food service and kitchen supplies
- Medical supplies and resident care items
- Laundry, linens, and cleaning products
- HVAC, plumbing, and facility repairs
- Rent, utilities, and insurance
- Payment delays or occupancy gaps
Draw funds when the facility needs them. Repay on the weekly plan you choose upfront. Keep your treasure chest available as you repay.
See what assisted living facilities have to say about Loot
“Loot helped us cover payroll and supplies while waiting on reimbursements. Having credit ready kept our residents cared for and staff supported.”
Assisted living financing FAQs
Yes. Assisted living facilities can apply for a Loot business line of credit if they have 1+ year in business and $200K+ in annual revenue. Loot offers $5,000 to $100,000 with no collateral required.
Loot has no minimum FICO score requirement. Underwriting looks at real business cash flow, not just a credit score. Your facility still needs 1+ year in business and $200K+ in annual revenue to qualify.
Assisted living facilities can get a decision in minutes, and same-day approval is standard. Funds usually land within hours, depending on transfer method. Instant transfers are available.
No. Checking eligibility with Loot is a soft pull. It does not impact your credit score, approved or not. You can review your options before deciding whether to draw from the line.
Yes. Assisted living facilities can use a Loot line of credit to cover payroll. You can draw what you need, pay staff, and repay through the fixed weekly plan you choose before confirming the draw.
Yes. Assisted living facilities can use a Loot line of credit for repairs, food orders, medical supplies, laundry needs, cleaning products, or room setup. You see the total cost before confirming and only pay when you draw.
Apply for assisted living financing today
Get $5,000 to $100,000 for payroll timing, supply orders, facility repairs, and payment delays.
Apply in minutes with a soft pull that will not impact your credit score. If approved, you can draw what you need, see the total cost before confirming, and keep your treasure chest available as you repay.
No collateralNo hidden fees Same-day approval