Is Readycap Lending a good match for your SBA loan?
Readycap Lending project state SBA 7(a) loan approvals in 2020.
Readycap Lending Highlights
For 2020 Readycap Lending is ranked #14 for SBA 7(a) dollar approved amounts and ranked #14 in SBA 7(a) approval amounts to franchise businesses.
All-time Readycap Lending has approved 19,777 SBA 7(a) loans for over $10.4 billion. Readycap Lending approved borrowers from 4,321 cities, for projects in 50 states, in 787 industries, and for 751 franchise brands.
In 2020 Readycap Lending approved 212 SBA 7(a) loans for $236,226,600. The average loan approval amount was $1,114,276. Readycap Lending approved borrowers from 176 cities, for projects in 36 states, in 69 industries, and for 35 franchise brands.
For franchise branded businesses, Readycap Lending approved 41 loans for $64,094,600 with an average loan amount of $1,563,283. Readycap Lending’s SBA loan approvals in 2020 represent 2,737 small business jobs supported or saved.
Our forecast model projects Readycap Lending approving $155 million for SBA 7(a) loans in 2021.
Read our SBA Lender page on Readycap Lending for their full report, but below are a few highlights:
Readycap Lending Historical SBA 7(a) Lending
Readycap Lending Loan Approvals
2020 Top 25 Business Industries
Readycap Lending approved the most loans for the General Freight Trucking (Local) industry followed by Gasoline Stations with Convenience Stores, Insurance Agencies and Brokerages, and the Hotels and Motels industry. Readycap Lending approved SBA loans for 69 different industries in 2020.
Readycap Lending is focused on the bigger loans
Readycap Lending’s average SBA loan approval amount in 2020 was $1,114,276.
0.47% of approved loans in 2020 were for loan amounts up to $150,000.
15.56% of approved loans in 2020 were for loan amounts up to $350,000.
46.23% of approved loans in 2020 were for loan amounts from $350,001 to $1 million.
38.21% of approved loans in 2020 were for loan amounts over $1 million.
11.79% of loan approvals were for multi-million loan amounts.
Readycap Lending is the #14 Ranked National SBA Lender
For 2020 Readycap Lending ranks #14 in for approval amounts.
In 2020 Readycap Lending approved 212 SBA 7(a) loans for $236,226,600.
Readycap Lending’s average loan approval amount was $1,114,276.
In 2020 Readycap Lending approved borrowers from 176 cities, for projects in 36 states, in 69 industries, and for 35 franchise brands.
Readycap Lending is the #11 Ranked National SBA Franchise Lender
For franchise branded businesses, Readycap Lending ranks #11 for approval amounts in 2020.
Readycap Lending approved 41 loans in 2020 for 35 different franchise brands for $64,094,600 with an average loan amount of $1,563,283.
For franchise branded businesses in 2020, Readycap Lending approved borrowers from 36 cities, for projects in 19 states, for 12 industries.
See our full (and free) SBA report on Readycap Lending
This report has about everything a small business owner would want to know to determine if Readycap Lending would be a good match for an SBA loan. See how Readycap Lending ranks in multiple SBA loan categories, our SBA lending forecasts for Readycap Lending, the top 25 industries and franchise brands Readycap Lending approved loans with, and the top project states and borrower cities.
