Ready Capital
At a Glance
The nationwide option when the regional banks do not reach you; price it against a bank, because its average rate sits above the median.
- Pricing
- Custom Pricing, Loan products, no fee to engage. The 7(a) runs from $350,000 to $5,000,000 with terms up to twenty-five years, and the lender states limited or no prepayment penalties with closing costs financeable. No rates or fees are published; its average initial rate on change-of-ownership loans in the federal file is above the median for active acquisition lenders, so ask early.
- Best For
- A buyer outside the regional banks' footprints, or one buying out a partner, who wants a nationwide lender that already writes acquisitions at this size
- In the Federal File
- 81 change-of-ownership loans in FY2025, 13th most in the country, averaging $2.3M each, at an average initial rate of 9.72%. Computed from the SBA's own loan-level data, not from anything the lender publishes.
- Roadmap Stages
- 2. Set Up & Fund the Search5. Diligence & Close the Deal
Pros and Cons
Pros
- The only non-bank on this shelf, and a Preferred Lender, so the credit decision does not wait on a bank's branch relationship or on a second SBA review
- Lends in all fifty states, which matters because several of the most active acquisition lenders are regional
- Names business acquisition, partner and shareholder buyouts, and franchise acquisition as eligible uses on its own 7(a) page, three of the shapes a searcher's deal actually takes
- Wrote 81 change-of-ownership loans in FY2025 totalling about $183M, computed here from the SBA's own loan file, so the volume is verified rather than claimed
- States limited or no prepayment penalties and that closing costs may be financed, both of which change the real cost of the loan
Cons
- Its average initial rate on change-of-ownership loans runs about a point above the median for active acquisition lenders, which on a million-dollar loan is real money every month
- A $350,000 minimum, so the smallest main-street purchases are out
- Publishes no rates or fees, so the comparison has to be made on term sheets
- No searcher-community footprint we could verify, so there is no practitioner account of how it handles a search-fund file
What Searchers Say
Loan counts, dollars, and the average initial rate are computed here from the SBA 7(a) loan-level file. Non-bank status, Preferred Lender status, loan range, term, footprint, and the named eligible uses are from the lender's own 7(a) page.
Put It to Work
The Lender Match fit page lays out this lender's fit and how to approach it.