Small Business

OVERVIEW

Ready Capital, through its subsidiary Readycap Lending, LLC, is an approved non-bank, U.S. Small Business Administration (SBA) Preferred Lender that provides financing under the SBA 7(a) and 504 loan programs, offering secured and unsecured financing nationwide to small business owners.

We provide loans from $350,000 to $5 million, with a track record of successfully navigating the SBA loan process and delivering competitive lending solutions for growing businesses.

We offer entrepreneurs, professionals and business owners the ability to take advantage of flexible terms and competitive loan rates to fund a range of business needs – from start-ups to business acquisitions, real estate, equipment, working capital and more.

Our SBA 7(a) small business loans offer longer terms, lower down payments and more flexibility than other types of business financing, to improve cash flow as you expand or start your business.

Check out our most recent transactions & client testimonials:

$1,975,000
Real Estate Purchase
Small Business
Offices of Podiatrists
25 Year Term
Lewisville, TX
$1,750,000
Real Estate Purchase
Small Business
Tire Dealers
25 Year Term
Reno, NV
$4,080,000
Real Estate Purchase
Small Business
Hotels (except Casino Hotels) and Motels
25 Year Term
Salem, OR
$3,465,000
Business Acquisition
Small Business
Golf Courses and Country Clubs
25 Year Term
Franklin, TN
$425,000
Take- Out Construction
Small Business
Snack and Nonalcoholic Beverage Bars
10 Year Term
Baton Rouge, LA
$1,155,000
Refinance
Small Business
Gasoline Stations with Convenience Stores
25 Year Term
East Dundee, IL
$420,000
Building Improvements
Small Business
Hotels (except Casino Hotels) and Motels
25 Year Term
Shreveport, LA
$4,015,000
Real Estate Purchase
Small Business
Hotels (except Casino Hotels) and Motels
25 Year Term
Shreveport, LA
$350,000
Equipment Purchase
Small Business
Commercial Printing
10 Year Term
Fountain Valley, CA
$900,000
Refinance
Small Business
Elementary and Secondary Schools
25 Year Term
Carlsbad, CA
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$4,510,000
Real Estate Purchase
Small Business
Flagged Hotel
25 Year Term
Ontario, OR

“I found the process to be extremely efficient and smooth. Every contact I dealt with at each new stage of the process was highly professional, experienced, quick and informative in their responses, and gracious in their guidance. Our dream of becoming arts entrepreneurs would not have come to fruition this soon without the tremendous efforts of everyone at Ready Capital. We are endlessly grateful.”

- Ian
$585,000
Business Acquisition
Small Business
Store Retailers
10 Year Term
Salt Lake City, UT
$733,000
Working Capital
Small Business
Tire and Tube Merchant Wholesalers
10 Year Term
Colorado Springs, CO
$1,150,000
Take-out Construction
Small Business
Caterers
10 Year Term
Torrance, CA

“Making a decision to expand my business was a difficult decision. Identifying a lender to provide funding was easy. Ready Capital’s team had the necessary experience and expertise needed to complete my loan process in a timely and professional manner. From the initial phone call through fund distribution, their team was active in ensuring the process was fully explained and understood.”

- Greg
$1,204,000
Refinance
Small Business
Food Manufacturing
25 Year Term
West Columbia, SC
$1,825,000
Real Estate Purchase
Small Business
Hotels (except Casino Hotels) and Motels
25 Year Term
Horseheads, NY
$1,412,000
Building Improvements
Small Business
Fitness and Recreational Sports Centers
25 Year Term
Phoenix, AZ
$2,680,000
Real Estate Purchase
Small Business
Sporting Goods Stores
25 Year Term
Wilmington, CA
$572,000
Refinance
Small Business
Liquor Store
25 Year Term
Branford, CT
$1,190,500
Real Estate Purchase
Small Business
Machine Shops
25 Year Term
Mulberry, FL
$1,184,000
Real Estate Purchase
Small Business
Gasoline Stations with Convenience Stores
25 Year Term
Puyallup, WA
$370,000
Real Estate Purchase
Small Business
Gasoline Stations with Convenience Stores
25 Year Term
Syracuse, NY
CRITERIA

Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.

Small Business
Use of ProceedsPurchase: real estate, equipment, leaseholds
Refinance: real estate, equipment, debt consolidation
Business Acquisition: purchase existing business, partner buyout
Start Up Business: franchise, professional, expansion
Loan Size$350,000-$5,000,000
Equity Injection Requirements0% to 20%
Loan TermUp to 25 years fully amortized
Debt Service Coverage1.15x to 1.30x depending on use of proceeds & industry
Advance RateUp to 100% financing depending on use of proceeds & industry
PrepaymentReal Estate: 3 year (5%, 3%, 1%)
Non-Real Estate: none
Features of All Loan TypesClosing cost may be financed
Equity may include seller note or gifted funds
Working capital may be included
Competitive interest rates
CONTACT

Contact a Production Officer or a member of our production team for more information for your area or market. All of our Production Officers have the ability to lend nationwide. If you need further information, please contact smallbusiness@readycapital.com.

PRODUCTION TEAM
NEWS
  • 2019
  • 2018
  • 2017
  • 2016
Ready Capital Corporation Announces Executive Transition - 03/12/2019
READY CAPITAL CORPORATION ANNOUNCES EXECUTIVE TRANSITION - Andrew Ahlborn to Become Chief Financial Officer - - Rick Herbst to Retire - New York, NY – March 12, 2019 - Ready Capital Corporation (NYSE:RC) (“Ready Capital” or the “Company”) today announced the appointment of Andrew Ahlborn as Chief Fi ...
RC 4Q18 Earnings Call Announcement - 03/05/2019
READY CAPITAL CORPORATION ANNOUNCES FOURTH QUARTER 2018 EARNINGS RELEASE AND CONFERENCE CALL New York, New York, March 5, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its fourth quarter 2018 financial results after the New Y ...
Ready Capital and Owens Realty Mortgage Announce Final Exchange Ratio For Proposed Merger - 02/25/2019
Company Release - 2/22/2019 4:00 PM ET NEW YORK, NY / ACCESSWIRE / February 22, 2019 / Ready Capital Corporation (RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have determined the final exchange ratio in accordance with the terms ...
Ready Capital Announces New Special Meeting Date For Merger With Owens Realty Mortgage, Inc. - 02/25/2019
Company Release - 2/15/2019 4:00 PM ET NEW YORK, Feb. 15, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") announced today that it has set March 21, 2019 as the new date for the special meeting of its stockholders to, among other things, consider and vote on a proposal to ap ...
Ready Capital Corporation Announces Resignation of Chief Operating Officer, Carole Mortensen - 02/13/2019
Ready Capital Corporation Announces Resignation of Chief Operating Officer, Carole Mortensen Company Release - 2/12/2019 8:00 AM ET NEW YORK, Feb. 12, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that Carole Mortensen, Chief Operating O ...
Ready Capital National Bridge Team Closes Over 100 Million in Five States - 02/06/2019
NEW YORK, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Ready Capital National Bridge Originations Team announces the closing of acquisition, renovation, redevelopment and lease-up loans for approximately $100 Million in five states. The Charlotte, NC loan is to finance the acquisition, renovation, and lease-up ...
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CAREERS

Interested in working with one of the fastest growing commercial mortgage REIT’s in the industry?

Ready Capital is always looking to add experienced and driven professionals to expand and grow with our company. We are continually searching for experienced professionals within the industry by offering a work environment thriving on collaboration and a corporate culture of employees who are passionate and excited about what they do.

Find out what job positions are open in your area.

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