Nursing Care Facilities (Skilled Nursing Facilities)

Businesses and organizations in the Nursing Care Facilities (Skilled Nursing Facilities) industry (NAICS code 6231, part of the Health Care and Social Assistance sector) received 15,141 PPP loans totaling $6.79B during the COVID-19 pandemic.

The average loan for this industry was $448,255 — above the national PPP average of approximately $67,000. This reflects the relatively large size of many businesses in this sector, which tend to have higher payroll costs and more employees.

93.4% of loans in this industry were forgiven — totaling $6.58B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include THE SCHROER GROUP INC of NORTH CANTON, OH ($10,000,000); CONTINUING HEALTHCARE SOLUTIONS, INC. of MIDDLEBURG HEIGHTS, OH ($10,000,000); and HEALTHCARE STAFFING & CONSULTING SERVICES, LLC of JERSEY CITY, NJ ($10,000,000).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Health Care and Social Assistance sector — health care, social assistance, and related services. — businesses in NAICS 6231 were particularly positioned as essential workers during the pandemic, with PPP funds helping to maintain health care capacity.