Ready Capital Corporation

Ready Capital Corporation is a commercial finance company based in New York City that specializes in real estate finance and SBA lending. It is a publicly traded real estate finance company structured as a real estate investment trust, which makes it different in structure from a conventional bank.

Ready Capital is one of the largest non-bank SBA 7(a) lenders in the United States. SBA loans are business loans partially guaranteed by the US Small Business Administration. The government guarantee allows lenders to offer longer repayment terms and often lower rates than conventional commercial loans. SBA 7(a) loans can be used for working capital, equipment, real estate and business acquisition.

Ready Capital's SBA lending operation often focuses on owner-occupied commercial real estate transactions using SBA financing, though it also provides SBA working capital and equipment loans. Its background in real estate finance means it may be particularly well suited to small business owners who want to purchase the commercial property in which their business operates.

In addition to SBA loans, Ready Capital provides conventional commercial real estate bridge loans and other commercial mortgage products, though these are typically aimed at real estate investors and commercial property owners rather than operating small businesses.

Ready Capital operates across the United States and works with business owners in a wide range of industries. Because it is a non-bank lender, it operates under different regulations than FDIC-insured banks.

If you are considering a Ready Capital SBA loan, compare the offer against those from bank-based SBA lenders and other SBA-preferred lenders. Review all fees and terms carefully before committing.