Lenders › Readycap Lending, LLC
7(a) lenderBerkeley Heights, New Jerseynon-bank 7(a) lender8th of 2,184 by approvals
Readycap Lending, LLC
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
In FY2021 to FY2025 SBA approved 9,003 7(a) loans, worth $3.81bn, through Readycap Lending, LLC of Berkeley Heights, New Jersey, a non-bank 7(a) lender in the SBA 7(a) program. By number of approvals that is 8th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 3,137 approvals totalling $1.17bn, down 12% on FY2024 (3,571). FY2026 to 30 Jun 2026 adds 1,167 more.
The median approval was $138K, against $190K for the 7(a) program as a whole; 53.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 51 states and territories and 1,173 counties, led by California (15.7%), Florida (12.4%) and Texas (9.2%). The largest industry group was professional, scientific, and technical services at 16.7% of approvals, and 6.8% of approvals were to franchise businesses.
Of 1,587 disbursed loans approved in FY2010 to FY2021, SBA records 68 as charged off (4.3%), 1,008 as paid in full and 511 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 1,167 | $325M | $50K | $279K | 8,289 |
| FY2025 | 3,137 | $1.17bn | $144K | $373K | 23,734 |
| FY2024 | 3,571 | $1.04bn | $50K | $292K | 25,492 |
| FY2023 | 999 | $573M | $254K | $574K | 9,937 |
| FY2022 | 807 | $409M | $144K | $506K | 5,333 |
| FY2021 | 489 | $616M | $832K | $1.3M | 5,936 |
| FY2020 | 216 | $233M | $768K | $1.1M | 3,294 |
| FY2019 | 215 | $252M | $825K | $1.2M | 3,243 |
| FY2018 | 234 | $223M | $687K | $952K | 3,180 |
| FY2017 | 139 | $127M | $550K | $915K | 2,220 |
| FY2016 | 97 | $83.9M | $500K | $865K | 1,742 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 901 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 1,777 | 79,249 | 639,905 |
| Cancelled or never disbursed | 190 | 10,102 | 79,313 |
| Disbursed loans | 1,587 | 69,147 | 560,592 |
| Paid in full | 1,008 | 52,688 | 435,813 |
| Charged off | 68 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 511 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 4.3% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.6% | 1.5% | 2.5% |
| Dollars charged off | $28.1M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 429 | 196 | 4 | 0.9% | 2.8% |
| FY2020 | 183 | 97 | 2 | 1.1% | 4.0% |
| FY2019 | 185 | 111 | 6 | 3.2% | 6.7% |
| FY2018 | 212 | 135 | 17 | 8.0% | 7.9% |
| FY2017 | 133 | 88 | 17 | 12.8% | 7.7% |
| FY2016 | 88 | 64 | 3 | 3.4% | 7.2% |
| FY2015 | 23 | 21 | 0 | — | 6.9% |
| FY2014 | 8 | 6 | 2 | — | 6.4% |
| FY2013 | 6 | 6 | 0 | — | 6.0% |
| FY2012 | 35 | 34 | 0 | 0.0% | 6.3% |
| FY2011 | 130 | 112 | 8 | 6.2% | 6.9% |
| FY2010 | 155 | 138 | 9 | 5.8% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $138K | $190K |
| Average approval | $423K | $518K |
| Approvals of $150,000 or less | 53.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 18.6% | 34.3% |
| Approvals to franchise businesses | 6.8% | 11.5% |
| Jobs supported per approval, as reported | 7.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.3% | 6.6% |
States served
| # | State of the business (51 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 1,409 | $662M | 15.7% | |
| 2 | Florida | 1,117 | $354M | 12.4% | |
| 3 | Texas | 829 | $453M | 9.2% | |
| 4 | New York | 749 | $272M | 8.3% | |
| 5 | Georgia | 405 | $160M | 4.5% | |
| 6 | New Jersey | 324 | $125M | 3.6% | |
| 7 | Washington | 297 | $337M | 3.3% | |
| 8 | North Carolina | 268 | $88.6M | 3.0% | |
| 9 | Illinois | 238 | $71.1M | 2.6% | |
| 10 | Colorado | 234 | $105M | 2.6% | |
| 11 | Virginia | 224 | $68.8M | 2.5% | |
| 12 | Pennsylvania | 203 | $64.8M | 2.3% |
In California the lender accounts for 4.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (1,173 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 474 | $215M | 5.3% | |
| 2 | Miami-Dade County, FL | 252 | $68.7M | 2.8% | |
| 3 | Kings County, NY | 184 | $68.4M | 2.0% | |
| 4 | Orange County, CA | 169 | $80.1M | 1.9% | |
| 5 | Broward County, FL | 167 | $45.1M | 1.9% | |
| 6 | Harris County, TX | 147 | $75.1M | 1.6% | |
| 7 | Cook County, IL | 132 | $35.0M | 1.5% | |
| 8 | Maricopa County, AZ | 128 | $42.4M | 1.4% | |
| 9 | Orange County, FL | 114 | $30.1M | 1.3% | |
| 10 | San Diego County, CA | 113 | $41.0M | 1.3% | |
| 11 | Palm Beach County, FL | 95 | $31.8M | 1.1% | |
| 12 | King County, WA | 91 | $76.4M | 1.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 1,505 | 16.7% | |
| 2 | Retail Trade | 1,095 | 12.2% | |
| 3 | Other Services (except Public Administration) | 999 | 11.1% | |
| 4 | Construction | 982 | 10.9% | |
| 5 | Accommodation and Food Services | 948 | 10.5% | |
| 6 | Health Care and Social Assistance | 916 | 10.2% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 448 | 5.0% | |
| 8 | Manufacturing | 410 | 4.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 611 | 6.8% | |
| 2 | Personal Care ServicesNAICS 8121 | 418 | 4.6% | |
| 3 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 377 | 4.2% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 322 | 3.6% | |
| 5 | Residential Building ConstructionNAICS 2361 | 274 | 3.0% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 268 | 3.0% | |
| 7 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 260 | 2.9% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 251 | 2.8% | |
| 9 | Other Personal ServicesNAICS 8129 | 232 | 2.6% | |
| 10 | Traveler AccommodationNAICS 7211 | 204 | 2.3% |
Approval sizes
- $50,000 or less41.7%3,757
- $50,001 to $150,00011.8%1,058
- $150,001 to $350,00015.8%1,420
- $350,001 to $1 million20.9%1,879
- $1 million to $2 million5.1%456
- Over $2 million4.8%433
Loan terms
- 5 years or less0.3%30
- Over 5 to 10 years87.5%7,875
- Over 10 to 20 years1.9%172
- Over 20 years10.3%926
Age of the businesses
- Existing, more than 2 years old77.9%7,009
- New business, 2 years or less15.1%1,363
- Startup, loan funds will open the business3.5%313
- Change of ownership1.7%154
- Not answered1.8%164
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 8,918 | 99.1% | |
| 2 | 7a General | 46 | 0.5% | |
| 3 | SBA Express Program | 33 | 0.4% | |
| 4 | International Trade Loans | 6 | 0.1% |
Franchise share
608 of 9,003 approvals in FY2021–FY2025 (6.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Christensen Inc. dba Powell Product Sales Agreement | 11 | 0.1% | |
| 2 | The Learning Experience | 10 | 0.1% | |
| 3 | Best Western | 9 | 0.1% | |
| 4 | Ed Staubs & Sons Petroleum | 8 | 0.1% | |
| 5 | DonutNV | 8 | 0.1% | |
| 6 | Super 8 by Wyndhan | 7 | 0.1% | |
| 7 | Subway | 7 | 0.1% | |
| 8 | Chevron | 6 | 0.1% |
Questions and answers
How many SBA loans does Readycap Lending, LLC make?
SBA approved 3,137 7(a) loans through Readycap Lending, LLC in FY2025, worth $1.17bn, and 9,003 over FY2021 to FY2025. That ranks 8th of 2,184 active 7(a) lenders by number of approvals.
How large are Readycap Lending, LLC's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $138K and the average $423K. The program-wide median was $190K.
What is Readycap Lending, LLC's charge-off rate?
Of 1,587 disbursed loans approved in FY2010 to FY2021, SBA records 68 as charged off (4.3%), 1,008 as paid in full and 511 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Readycap Lending, LLC lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (611); personal care services (418); management, scientific, and technical consulting services (377); offices of other health practitioners (322).
Where does Readycap Lending, LLC make SBA loans?
In 51 states and territories. California 1,409, Florida 1,117, Texas 829, New York 749, Georgia 405. In California it accounts for 4.0% of all 7(a) approvals.
Is Readycap Lending, LLC's SBA lending rising?
Approvals in the three latest complete fiscal years total 7,707, against 1,512 in the three before: rising (+410%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error