Small Business
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:
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.”
Small Business
Store Retailers
10 Year Term
Salt Lake City, UT
Small Business
Tire and Tube Merchant Wholesalers
10 Year Term
Colorado Springs, CO
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.”
Small Business
Home Furnishings Store
25 years Year Term
Palm Desert, CA
Small Business
Couriers and Express Delivery Services
10 years Year Term
Oran, MO
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 |
| Loan Size | $350,000-$5,000,000 |
| 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 |
| Prepayment |
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 |
- Vice President, Specialty Finance
- 801-477-7798
- dan.bywater@readycapital.com
Dan brings over 15 years of SBA 7a and 504 lending experience. During his SBA career he has worked as a Senior SBA Underwriter for Zions Bank’s National Real Estate Group, Bank of the West, and United Midwest Savings Bank (UMSB). During his time at Bank of the West and UMSB he transitioned into a Business Development Officer (BDO) position. As a BDO he was able to integrate his skills as an underwriter into providing quick and accurate evaluation processes for his clients. While at UMSB, he helped develop and grow a specialized lending platform that served the medical professionals and funeral home industries. In 2015, Dan, along with key members from the UMSB team, established a ground up SBA department at Delaware County Bank. Dan has drawn from these experiences allowing him to provide an exceptional experience for his referral partners and borrowers. Dan graduated from with a B.S. in Business Administration from the University of Utah.
-
Small Business
Small Business
Insurance Agency
10 years Year Term
Scotssdale, AZ
Small Business
Insurance Agency
10 years Year Term
Carleton, MI
Small Business
Dentists' Office
10 years Year Term
San Diego, CA
Small Business
Pharmacies and Drug Stores
10 years Year Term
Bountiful, UT
Small Business
Home Health Care Services
10 years Year Term
Washington, DC
Small Business
Insurance Agency
10 years Year Term
Scotssdale, AZ
Small Business
Dentists' Office
10 years Year Term
San Diego, CA
Small Business
Insurance Agency
10 years Year Term
Klamath Falls, OR
Small Business
Equipment and Supplies Wholesalers
10 years Year Term
Raleigh, NC
Small Business
Dentists' Office
10 Year Term
ROHNERT PARK, CA
Small Business
Doctor's Office
25 Year Term
Corvallis, OR
Small Business
Dentists' Office
25 Year Term
Columbia, MD
Small Business
Insurance Agency
10 Year Term
Sunrise, FL
Small Business
Dentists' Office
10 Year Term
PRESCOTT, AZ
Small Business
Doctor's Office
25 Year Term
CHANTILLY, VA
Small Business
Doctor's Office
10 Year Term
CHANTILLY, VA
Small Business
Dentists' Office
10 Year Term
Laguana Hills, CA
Small Business
Insurance Agency
10 Year Term
Port Charlotte, FL
Small Business
Dentists' Office
25 Year Term
Whittier, CA
Small Business
Offices of Optometrists
10 Year Term
TACOMA, WA
Small Business
Insurance Agency
10 Year Term
LOS ANGELES, CA
Small Business
Insurance Agency
10 Year Term
LaFollette, TN
Small Business
Insurance Agency
10 years Year Term
Klamath Falls, OR
Small Business
Doctor's Office
25 years Year Term
Scottsdale, AZ
- 2018
- 2017
- 2016
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.
Connect with us and request a quote to see what product best fits your needs. A product representative will be in touch with you shortly.