Loan Programs > Small Business > SBA 7(a) loans

SBA 7(a) loans

Come experience the Ready Capital difference. We close SBA 7(a) loans that other lenders can’t, working with a range of credit scores and financing challenges nationwide.

Overview

As a non-bank, SBA Preferred Lender, Ready Capital provides creative loan solutions to help business owners grow and expand their companies. We think outside of the box to close more deals, including the most complex scenarios.

Delivering over $1.6 billion in capital, it’s no surprise that we’re the #4 SBA Preferred Lender in the U.S.

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:

Commercial real estate loans

Business owners may want to consider SBA loans for other purposes, including:

* 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.

SBA 7(a) loan Highlights

* Loans between $5 million and $7 million financed with Pari Passu loans. Loans under $350,000 financed through our iBusiness technology platform. These loans are made pursuant to the SBA 7(a) Small Balance and Express programs. Loans over $7,000,000 may be funded pursuant to our USDA B&I license. In either case, loan terms vary by loan program, borrower eligibility, loan amount, and other factors.

About Ready Capital

Why an SBA 7(a) loan from Ready Capital

Ready Capital is your trusted partner for small business loans.
Here’s why brokers and business owners think we’re different.  

Publicly Traded

Listed on the New York Stock Exchange (NYSE:RC), non-bank, non-depository

SBA Preferred Lender

Ready Capital is the #4 SBA Preferred Lender in the U.S.

Flexible Lending

More flexible lending box delivers more successes

Nationwide Coverage

Lends in all 50 states and has delivered over $1.6B in capital

Systematic Process

Provides fast eligibility screening, prequalification, and term sheets

Rapid Execution

Approval process focused on speed, dependability, and transparency

Dedicated Service

A dedicated Ready Capital representative shepherds each transaction

Regular Outreach

A communication-rich customer experience

Small Business

Have a question about SBA 7(a) Loans?

FAQs

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.

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.

Answer: The maximum for most SBA 7(a) loans is $5 million (minimum of $350,000). However, Ready Capital is licensed in most U.S. states to augment SBA loans with Pari Passu (up to $7 million) or USDA B&I loans (up to $10 million) where applicable and advantageous.

Answer: The terms of an SBA loan extend up to 25 years.

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.