SBA 7(a) Loans
Experience the Ready Capital difference. We close SBA 7(a) loans when conventional loans aren’t available and work with a range of credit scores and financing challenges.
Offering SBA Loans to Fund Businesses for Future Success
When businesses are looking to grow or need capital, they need funding to reach their goals. But many borrowers don’t have the available equity required for a conventional loan—and traditional lenders may not be willing to take the risk.
As a top non-bank, SBA Preferred Lender, Ready Capital can provide flexible loan solutions to help business owners grow and expand their companies. Our experts help make sense of complex loan requirements, can determine which terms are best, and navigate the application and closing process.
Explore SBA 7(a) Loans
The Ready Capital team is familiar with the SBA 7(a) loan program and can help determine the right terms for a business’s needs:
- Loans from $350,000 to $5,000,000
- Loan terms up to 25 years
- Low borrower equity required
- Wide use of loan proceeds
- Limited/No prepayment penalties
- Closing costs may be financed
Loans under $350,000 financed through our iBusiness technology platform. Loan terms vary by loan program, borrower eligibility, loan amount, and other factors.
SBA 7(a) Loan Uses
Business Operating Loans
We provide SBA loans that can be used to help finance the everyday operations of a company as well as plans for future growth, such as:
- Business acquisition and expansion
- Machinery and equipment purchase
- Partner and/or shareholder buy-out
- Refinance existing business debt
- Franchise acquisition
- Working capital
- Startup professional services business
Commercial Real Estate Loans
Business owners may want to consider SBA loans for other purposes, including:
- Owner Occupied/Utilized >51%*
- Purchase fixed assets (land, buildings, equipment)
- Refinance existing mortgage secured debt
- Ground-up construction and renovation
- Leasehold acquisition and improvements
* Includes retail, manufacturing, industrial, warehouse, professional offices (including office condominiums), hotels, healthcare facilities, car dealerships, auto repair shops, car washes, self-storage, parking garages, special use, multi-use.
Featured Industries
All Industries We Finance
- Medical & Healthcare
- Dental Services
- Shipping & Logistics
- Self-Storage
- Funeral Homes
- Hotels & Motels
- Insurance Agencies
- Legal & Accounting
- Manufacturing
- Assisted Living
- Franchises
- Car Washes
- Daycare
- Liquor Store
- Pharmacy
- Pet & Vet Services
- Gas Stations & C-Stores
- Restaurants
About Ready Capital
Why Choose an SBA 7(a) Loan from Ready Capital?
Ready Capital is a trusted partner for small business loans.
Here’s why clients think we’re different.
Publicly Traded
A non-bank, non-depository, listed on the New York Stock Exchange (NYSE:RC)
SBA Preferred Lender
The #4 SBA Preferred Lender in the United States
Responsive Lending
More flexible lending delivers better outcomes
Nationwide Coverage
Lends in all 50 states, delivering over $1.6B in capital
Dedicated Service
A reliable Ready Capital representative manages each transaction
Rapid Execution
Approval process focused on speed, dependability, and transparency
Have a question about SBA 7(a) Loans?
FAQs
What is an SBA 7(a) loan and what is it used for?
Answer: A Small Business Administration (SBA) loan is a loan intended for borrowers who can’t get financing on reasonable terms elsewhere. It covers small business acquisition, owner-occupied commercial real estate purchase, equipment purchase, refinance of existing debt, and working capital.
Learn more about how SBA loans work.
How hard is it to get approved for an SBA 7(a) loan?
Answer: The SBA has its own criteria for borrowers, but small business lenders may have additional criteria. One thing we like to remind borrowers of is that there is no minimum credit score for an SBA loan.
What is the SBA 7(a) loan limit?
Answer: The maximum for SBA 7(a) loans is $5 million (minimum of $350,000).
How long is an SBA 7(a) loan limit?
Answer: The terms of an SBA loan extend up to 25 years.
SBA 7(a) vs SBA 504: Which is best?
Answer: The SBA 504 loan and the SBA 7(a) loan are both suitable for owner-occupied real estate. In reality, the SBA 7(a) loan has several lesser-known advantages, particularly when paired with a Preferred Lending Partner (PLP).
Read our “SBA 7(a) vs SBA 504” article to get the full details.
Get Started
Apply for a Ready Capital SBA 7(a) loan
Click the appropriate loan amount to start the application process. It takes less than 3 minutes and will not affect your credit score.
