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SBA

Ready Capital review.

Ready Capital is a non-bank SBA and bridge lender that funds both small SBA loans and CRE bridge facilities.

Loan range
$150K – $25M (SBA + bridge)
Speed
45–75 days SBA; faster on bridge
APR / Fee
Prime + 2.75% to Prime + 4.75% on SBA
HQ
New York, NY · est. 2007
Best for

Owner-occupied CRE acquisition and partner-buyout deals.

Watch out for

Bridge product pricing materially higher than SBA — confirm exit upfront.

Pros
  • +Both SBA and bridge under one roof
  • +Larger SBA ticket sizes
  • +Non-bank speed
Cons
  • –Newer than big banks
  • –Bridge pricing aggressive
  • –Diligence still heavy
Alternatives to Ready Capital
Live Oak Bank
$150K – $15M (SBA 7(a) and 504)
Huntington Bank
$5K – $5M (SBA 7(a))
Newtek
$50K – $15M (SBA 7(a))
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