Ready Capital: Lender Fit
The Fit
Broker. The only non-bank here: nationwide, $350k to $5M, naming partner buyouts and franchise acquisition beside business acquisition; its average rate runs above the median.
At a Glance
- Type
- Broker (shops your deal)
- Footprint
- All fifty states.
- Deal Size
- $500k to $5M.
- Searcher Practice
- A general SBA lending desk, handled remotely.
- Published Terms
- 7(a) from $350k to $5M, to twenty-five years, in all fifty states.
The Full Review
Ready Capital is reviewed in full in the directory, with its model, the searcher case for and against it, and every source: read the Ready Capital review.
How to Approach
Ready Capital is a broker, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.
The Typical Arc
- An application straight to the lender, with no branch relationship to build first.
- Its own underwrite, funded from its own balance sheet rather than deposits.
- A term sheet, then closing on the SBA's timeline like any 7(a).
What It Weighs
- The same coverage math a bank runs, since the SBA's rules are the SBA's rules.
- Whether the deal fits a lane it already lends in, which is usually wider than a regional bank's.
- How the file reads on paper, because there is no relationship to lean on.
How to Prepare
- Model the payment and coverage before you apply. SBA Acquisition Calculator
- Underwrite the specific deal end to end. Underwrite a Deal
- Price it against a bank's offer, since non-bank rates often run higher. Loan Terms Worksheet
More on the Shelf
Filter the whole shelf by deal size and process on Lender Match.