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:
25 Year Term
“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.”
10 Year Term
Salt Lake City, UT
Tire and Tube Merchant Wholesalers
10 Year Term
Colorado Springs, CO
10 Year Term
“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.”
Home Furnishings Store
25 years Year Term
Palm Desert, CA
Couriers and Express Delivery Services
10 years Year Term
Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.
|Use of Proceeds||
Purchase: real estate, equipment, leaseholds
Refinance: real estate, equipment, debt consolidation
Business Acquisition: purchase existing business, partner buyout
Start Up Business: franchise, professional, expansion
|Equity Injection Requirements||0% to 20%|
|Loan Term||Up to 25 years fully amortized|
|Debt Service Coverage||1.15x to 1.30x depending on use of proceeds & industry|
|Advance Rate||Up to 100% financing depending on use of proceeds & industry|
Real Estate: 3 year (5%, 3%, 1%)
Non-Real Estate: none
|Features of All Loan Types||
Closing cost may be financed
Equity may include seller note or gifted funds
Working capital may be included
Competitive interest rates
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 email@example.com.
NEW YORK, Sept. 24, 2018 /PRNewswire/ — Sutherland Asset Management Corporation (NYSE: SLD) announced that, effective 12:01 a.m. Eastern Time on September 26, 2018, it will change its name to “Ready Capital Corporation”.
“The Ready Capital brand represents part of our larger strategy to improve shareholder value,” said Tom Capasse, Chief Executive Officer. “We believe, with this rebrand, we have simplified our story, and now can prominently feature our lending products and services for our clients.”
“The rebranding initiative further signifies our commitment to the sector,” said Carole Mortensen, Chief Operating Officer. “Our goal is to position the Ready Capital brand as a proven leader in mortgage finance with the reputation of possessing a flexible credit philosophy, yet strong investment discipline. Simply stated, this is who we are.”
In connection with the name change, effective on October 1, 2018, the Company’s trading symbols on the New York Stock Exchange will change from “SLD” to “RC” for shares of the Company’s common stock, and from “SLDA” to “RCA” for the Company’s 7.00% convertible senior notes due 2023, and from “SLDD” to “RCP” for the Company’s 6.50% senior notes due 2021. Following the name change, the new CUSIP number for the Company’s common stock will be 75574U101, the new CUSIP number for the Company’s 7.00% convertible senior notes due 2023 will be 75574U200, and the new CUSIP number for the Company’s 6.50% senior notes due 2021 will be 75574U309.
About Sutherland Asset Management Corporation
Sutherland Asset Management Corporation (NYSE: SLD) is a REIT that originates, acquires, finances, services and manages primarily small balance commercial (“SBC”) loans, U.S. Small Business Administration loans under its Section 7(a) program, and residential mortgage loans. The Company originates SBC loans through its ReadyCap Lending subsidiaries and originates residential mortgage loans through its GMFS subsidiary. The Company is externally managed and advised by Waterfall Asset Management, LLC.
Sutherland Asset Management
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