Readycap Lending, LLC: SBA business acquisition lending record
Readycap Lending, LLC (home state NJ) approved 200 SBA 7(a) loans to buy existing businesses since FY2018, totaling $374M. The median loan was $1,552,700. It ranks number 45 of 280 lenders by count and made 0.4% of all SBA acquisition loans nationally.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $726,125 and $2,706,500. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Washington is the largest state (33% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Gasoline Stations with Convenience Stores is 28% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 9,294 SBA 7(a) loans of any purpose since FY2020, totaling $4.0B. 98% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 16% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Too few of its loans are old enough to measure a charge-off rate.
Readycap Lending, LLC acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $2.9M | $1,458,750 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 4 | $1.5M | $325,000 | |
| FY2022 | 3 | $2.3M | $507,400 | |
| FY2023 | 8 | $12.4M | $787,100 | |
| FY2024 | 51 | $98.5M | $1,655,000 | |
| FY2025 | 72 | $158M | $1,940,500 | |
| FY2026 | 60 | $98M | $1,173,500 |
How often do these acquisition loans fail?
Fewer than 20 Readycap Lending, LLC acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 65 | 32.5% | $155M | |
| 2 | Florida | 22 | 11.0% | $34.6M | |
| 3 | California | 15 | 7.5% | $21.2M | |
| 4 | Texas | 14 | 7.0% | $20.8M | |
| 5 | Oregon | 6 | 3.0% | $18.3M | |
| 6 | Colorado | 5 | 2.5% | $7.5M | |
| 7 | Michigan | 5 | 2.5% | $5.9M | |
| 8 | New Jersey | 5 | 2.5% | $4.2M | |
| 9 | Virginia | 4 | 2.0% | $7.8M | |
| 10 | Connecticut | 4 | 2.0% | $7.2M | |
| 11 | Illinois | 4 | 2.0% | $7.1M | |
| 12 | Nevada | 4 | 2.0% | $3.5M | |
| 13 | New York | 3 | 1.5% | $9.6M | |
| 14 | Arkansas | 3 | 1.5% | $6.8M | |
| 15 | Indiana | 3 | 1.5% | $5.9M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 55 | 27.5% | $138M | |
| 2 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 9 | 4.5% | $19.7M | |
| 3 | Hotels (except Casino Hotels) and Motels | 8 | 4.0% | $22.3M | |
| 4 | Convenience Retailers | 8 | 4.0% | $13.9M | |
| 5 | Full-Service Restaurants | 8 | 4.0% | $10M | |
| 6 | General Freight Trucking, Local | 7 | 3.5% | $11.3M | |
| 7 | Child Care Services | 6 | 3.0% | $16M | |
| 8 | Pet Care (except Veterinary) Services | 5 | 2.5% | $8.1M | |
| 9 | Limited-Service Restaurants | 5 | 2.5% | $3.8M | |
| 10 | General Freight Trucking, Long-Distance, Truckload | 4 | 2.0% | $10.6M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Wilson Oil | 3 | 1.5% | $6M | |
| 2 | Phillips 66 | 2 | 1.0% | $6.5M | |
| 3 | Ed Staubs & Sons Petroleum (Multi-brands) | 2 | 1.0% | $5.3M | |
| 4 | S.A.S. Petroleum | 2 | 1.0% | $4.1M | |
| 5 | AM/PM Mini-Mart | 2 | 1.0% | $3M | |
| 6 | The Maids | 2 | 1.0% | $622K | |
| 7 | Comfort Inn | 1 | 0.5% | $4.6M | |
| 8 | Red Roof Inn | 1 | 0.5% | $4.5M | |
| 9 | World Fuel Services | 1 | 0.5% | $4.4M | |
| 10 | Chevron | 1 | 0.5% | $3.9M |
Questions buyers ask
Does Readycap Lending, LLC make SBA acquisition loans?
Yes. Readycap Lending, LLC approved 200 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 45 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Readycap Lending, LLC's acquisition loans?
The median was $1,552,700, with the middle half between $726,125 and $2,706,500. The national median is $645,250, so this lender's typical loan is 141% higher than the national figure.
Which states does Readycap Lending, LLC lend in?
Washington (65), Florida (22), California (15), Texas (14), Oregon (6), Colorado (5). Its loans span at least 15 states.
Which industries does Readycap Lending, LLC finance?
Gasoline Stations with Convenience Stores (55), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (9), Hotels (except Casino Hotels) and Motels (8), Convenience Retailers (8), Full-Service Restaurants (8). The top industry is 28% of its acquisition loans.
How have Readycap Lending, LLC's acquisition loans performed?
Fewer than 20 of this lender's loans are old enough to measure. The national benchmark is 3.5% for the FY2018 to FY2021 cohort.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Washington acquisitions
- Florida acquisitions
- California acquisitions
- Gasoline Stations with Convenience Stores
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Hotels (except Casino Hotels) and Motels
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Readycap Lending, LLC.