Search
Team member:

    Small Business

    OVERVIEW

    Ready Capital, through its subsidiary Readycap Lending, LLC, is an approved non-bank, U.S. Small Business Administration (SBA) Preferred Lender that provides financing under the SBA 7(a) program, offering secured and unsecured financing nationwide to small business owners.

    We provide loans from $350,000 to $5 million, with a track record of successfully navigating the SBA loan process and delivering competitive lending solutions for growing businesses.

    We offer entrepreneurs, professionals and business owners the ability to take advantage of flexible terms and competitive loan rates to fund a range of business needs – from start-ups to business acquisitions, real estate, equipment, working capital and more.

    Our SBA 7(a) small business loans offer longer terms, lower down payments and more flexibility than other types of business financing, to improve cash flow as you expand or start your business.

    Check out our most recent transactions & client testimonials:

    $1,975,000
    Real Estate Purchase
    Small Business
    Offices of Podiatrists
    25 Year Term
    Lewisville, TX
    $1,750,000
    Real Estate Purchase
    Small Business
    Tire Dealers
    25 Year Term
    Reno, NV
    $4,080,000
    Real Estate Purchase
    Small Business
    Hotels (except Casino Hotels) and Motels
    25 Year Term
    Salem, OR
    $3,465,000
    Business Acquisition
    Small Business
    Golf Courses and Country Clubs
    25 Year Term
    Franklin, TN
    $425,000
    Take- Out Construction
    Small Business
    Snack and Nonalcoholic Beverage Bars
    10 Year Term
    Baton Rouge, LA
    $1,155,000
    Refinance
    Small Business
    Gasoline Stations with Convenience Stores
    25 Year Term
    East Dundee, IL
    $420,000
    Building Improvements
    Small Business
    Hotels (except Casino Hotels) and Motels
    25 Year Term
    Shreveport, LA
    $4,015,000
    Real Estate Purchase
    Small Business
    Hotels (except Casino Hotels) and Motels
    25 Year Term
    Shreveport, LA
    $350,000
    Equipment Purchase
    Small Business
    Commercial Printing
    10 Year Term
    Fountain Valley, CA
    $900,000
    Refinance
    Small Business
    Elementary and Secondary Schools
    25 Year Term
    Carlsbad, CA
    image
    $4,510,000
    Real Estate Purchase
    Small Business
    Flagged Hotel
    25 Year Term
    Ontario, OR

    “I found the process to be extremely efficient and smooth. Every contact I dealt with at each new stage of the process was highly professional, experienced, quick and informative in their responses, and gracious in their guidance. Our dream of becoming arts entrepreneurs would not have come to fruition this soon without the tremendous efforts of everyone at Ready Capital. We are endlessly grateful.”

    - Ian
    $585,000
    Business Acquisition
    Small Business
    Store Retailers
    10 Year Term
    Salt Lake City, UT
    $733,000
    Working Capital
    Small Business
    Tire and Tube Merchant Wholesalers
    10 Year Term
    Colorado Springs, CO
    $1,150,000
    Take-out Construction
    Small Business
    Caterers
    10 Year Term
    Torrance, CA

    “Making a decision to expand my business was a difficult decision. Identifying a lender to provide funding was easy. Ready Capital’s team had the necessary experience and expertise needed to complete my loan process in a timely and professional manner. From the initial phone call through fund distribution, their team was active in ensuring the process was fully explained and understood.”

    - Greg
    $3,919,000
    Construction
    Small Business
    Full-Service Restaurants
    10 Year Term
    Long Beach, CA
    $4,070,000
    Real Estate Purchase
    Small Business
    Gasoline Stations with Convenience Stores
    25 Year Term
    Bremerton, WA
    $930,000
    Refinance
    Small Business
    Full-Service Restaurants
    10 Year Term
    Frisco, TX
    $3,919,000
    Construction
    Small Business
    Full-Service Restaurants
    10 Year Term
    Long Beach, CA
    $1,224,000
    Real Estate Purchase
    Small Business
    Funeral Homes and Funeral Services
    25 Year Term
    Marion, KS
    $2,686,000
    Real Estate Purchase
    Small Business
    Funeral Homes and Funeral Services
    10 Year Term
    Marion, KS
    $1,408,000
    Refinance
    Small Business
    Logging Harvester
    10 Year Term
    Kamiah, ID
    $1,600,000
    Real Estate Purchase
    Small Business
    Gasoline Stations with Convenience Stores
    25 Year Term
    Quincy, WA
    Related links:
    CRITERIA

    Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.

    Print
    Small Business
    Use of Proceeds Purchase: real estate, equipment, leaseholds
    Refinance: real estate, equipment, debt consolidation
    Business Acquisition: purchase existing business, partner buyout
    Start Up Business: franchise, professional, expansion
    Loan Size $350,000-$5,000,000
    Equity Injection Requirements 0% to 20%
    Loan Term Up to 25 years fully amortized
    Debt Service Coverage 1.15x to 1.30x depending on use of proceeds & industry
    Advance Rate Ask your representative depending on use of proceeds & industry
    Prepayment Real Estate: 3 year (5%, 3%, 1%)
    Non-Real Estate: none
    Features of All Loan Types Closing cost may be financed
    Equity may include seller note or gifted funds
    Working capital may be included
    Competitive interest rates
    Michael Johnston
    Irving, TX

    Michael brings over 25 years of commercial lending and SBA experience dealing with a variety of industries. He joined Practice Pathways, a professional division of Zions Bank in March of 2015. In his role as Vice President and Business Development Officer, Mr. Johnston was responsible for sourcing loans for Dental, Veterinary, and Optometry industries. Prior to that, Mr. Johnston operated primarily as a SBA Business Development Officer including a six year stint at Capital Source Bank/Mainstreet Lender where he was a consistent top producer. Mr. Johnston has held positions as a credit underwriter specializing in Real Estate and Asset Based Lending, a credit underwriter specializing in SBA Lending, Special Assets Officer, and Business Development Officer. Michael graduated with his MBA from the University of Arkansas and his BBA in Finance from University of Central Arkansas.

    Specialties:
    • Small Business
    Back
    See most recent transactions & client testimonials:
    $700,000
    Real Estate Purchase
    Small Business
    All Other Automotive Repair and Maintenance
    25 Year Term
    Bay City , TX
    $350,000
    Partner Buyout
    Small Business
    Used Car Dealers
    10 Year Term
    Plano, TX
    $1,975,000
    Real Estate Purchase
    Small Business
    Offices of Podiatrists
    25 Year Term
    Lewisville, TX
    $1,155,000
    Refinance
    Small Business
    Gasoline Stations with Convenience Stores
    25 Year Term
    East Dundee, IL
    $636,600
    Partner Buyout
    Small Business
    Hotels (except Casino Hotels) and Motels
    25 years Year Term
    Manitowoc, WI
    $1,250,000
    Business Acquisition
    Small Business
    Freight Transportation Arrangement
    10 Year Term
    San Jose, CA
    $880,000
    Building Improvements
    Small Business
    Limited-Service Restaurants
    25 Year Term
    Tuxedo, NY
    $1,000,000
    Refinance
    Small Business
    Used Car Dealers
    25 Year Term
    Plano, TX
    $1,609,000
    Real Estate Purchase
    Small Business
    Child Day Care Services
    25 Year Term
    Stone Mountain, GA
    $519,000
    Business Acquisition
    Small Business
    Child Day Care Services
    25 Year Term
    Belleview, FL
    $1,235,000
    Real Estate Purchase
    Small Business
    Child Day Care Services
    25 years Year Term
    Euless, TX
    $480,000
    Business Acquisition
    Small Business
    Private Mail Centers
    10 years Year Term
    South Jordan, UT
    NEWS
    • 2019
    • 2018
    • 2017
    • 2016
    Ready Capital National Bridge Team Closes Over $100 Million in Four States - 06/06/2019
    NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) -- Ready Capital National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $110 Million in five states. The Houston, TX loans for the ...
    Ready Capital Corporation Announces First Quarter 2019 Earnings Release and Conference Call - 05/01/2019
    NEW YORK, May 1, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its first quarter 2019 financial results after the New York Stock Exchange closes Wednesday, May 8, 2019. Webcast and Earnings Conference Call Management will host ...
    Ready Capital Corporation Appoints Gary Taylor as Chief Operating Officer - 04/03/2019
    NEW YORK, April 3, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that Gary Taylor has been appointed Chief Operating Officer, effective April 2, 2019. "Gary brings to Ready Capital deep sector expertise across multiple asset classes incl ...
    Ready Capital and Owens Realty Mortgage Announce Completion of Merger - 03/29/2019
    New York, New York, March 29, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (“Ready Capital”) and Owens Realty Mortgage, Inc. (NYSE American: ORM) (“ORM”) jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of ...
    Ready Capital National Bridge Team Closes Over $100 Million in Four States - 03/25/2019
    NEW YORK – March 21, 2019 – Ready Capital National Bridge Originations Team announces the closing of acquisition, renovation, stabilization and lease-up loans for approximately $100 Million in four states. The San Antonio, TX loan is for the acquisition, renovation, and stabilization of a 392-unit, ...
    Ready Capital Corporation Announces Executive Transition - 03/12/2019
    READY CAPITAL CORPORATION ANNOUNCES EXECUTIVE TRANSITION - Andrew Ahlborn to Become Chief Financial Officer - - Rick Herbst to Retire - New York, NY – March 12, 2019 - Ready Capital Corporation (NYSE:RC) (“Ready Capital” or the “Company”) today announced the appointment of Andrew Ahlborn as Chief Fi ...
    < older news
    CAREERS

    Interested in working with one of the fastest growing commercial mortgage REIT’s in the industry?

    Ready Capital is always looking to add experienced and driven professionals to expand and grow with our company. We are continually searching for experienced professionals within the industry by offering a work environment thriving on collaboration and a corporate culture of employees who are passionate and excited about what they do.

    Find out what job positions are open in your area.

    View Open Positions
    SUBMIT A REQUEST

    Connect with us and request a quote to see what product best fits your needs. A product representative will be in touch with you shortly.