Small Business Loan
Some clients have very unique business loan needs that you are not able to meet. From financing working capital to acquiring real estate—Ready Capital’s team works with you to customize the best program fit and loan terms. As a non-bank, SBA Preferred Lender, our more flexible lending box will help you get more closings. We offer easy referral, prompt eligibility screening, and fast term sheets. We pride ourselves on delivering a fast, consultative, and transparent borrower experience.
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Executive Summary
When a pair of borrowers came to Ready Capital, they were in a time crunch. Another lender had dragged their feet on the deal, and the investors needed an SBA lender who could get them to the closing table.
They faced a few hurdles:
- The change of ownership had to be completely finalized before the start of the school semester.
- Borrowers brought complex outside collateral, introducing large unsecured exposure.
- Borrowers’ industry experience was related but not direct.
The borrowers’ team was confident in Ready Capital’s ability to close the deal in time.
Creative Solution
Reliable Results
- Locked in $3,791,00 for the business acquisition loan
- Closed with a 10-year term, 10% down, with no seller note
- Met the borrower's deadline, saving both borrowers and brokers money on the deal