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
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$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
$840,000
Real Estate Purchase
Small Business
Child Day Care Services
25 Year Term
Highland Heights, OH
$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
CRITERIA

PRODUCT OVERVIEW

  • Closing costs may be financed
  • Equity injection may include seller note or gift funds
  • Working capital may be included
  • Story driven underwriting
  • Low down payment
  • Longer terms
  • More flexibility
  • Fixed rate available for those who qualify
John Tonjes
Upper Arlington, OH

John brings over 20 years of commercial banking and SBA experience to Ready Cap Lending. John is a veteran lender, underwriter and business development officer who has cultivated a national lending network of lenders, brokers and consultants. John was most recently Senior Vice President with Delaware County Bank (DCB) where he was director of a national specialty niche lending platform. Prior to DCB, John spent 14 years as an Executive Vice President at, Midwest Business Capital (MBC), where he played an integral role in building and managing a Central-Ohio based national niche lending platform revolving around lending to the dental, medical, veterinary, optometry, funeral and insurance agency industries. During his 14 year career at Midwest, John and his team of eight developed an SBA 7(a) loan program with annual originations exceeding $60 million. They also built an SBA 504 loan origination and pooling program that was recognized by the SBA as one of only 12 SBA approved loan pooling programs in the country. John graduated with a B.S. from Ohio State University.

Specialties:
  • Small Business
See most recent transactions & client testimonials:
$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
$800,000
Real Estate Purchase
Small Business
Funeral Homes and Funeral Services
25 Year Term
Tracy, CA
$1,125,000
Real Estate Purchase
Small Business
Offices of Chiropractors
25 Year Term
La Habra , CA
$3,485,100
Real Estate Purchase
Small Business
Dentists' Office
25 Year Term
Floral Park, NY
$1,173,000
Business Acquisition
Small Business
Insurance Agency
10 years Year Term
Austin, TX
$1,485,000

Small Business
Insurance Agency
10 years Year Term
Lancaster, PA
$1,575,000
1575000
Small Business
Doctor's Office
25 years Year Term
Scottsdale, AZ
$2,132,500
Business Acquisition
Small Business
Pharmacies and Drug Stores
10 years Year Term
Bountiful, UT
$1,705,000
1705000
Small Business
Home Health Care Services
10 years Year Term
Washington, DC
$859,000
Business Acquisition
Small Business
Equipment and Supplies Wholesalers
10 years Year Term
Raleigh, NC
$2,169,100

Small Business
Insurance Agency
10 years Year Term
Carleton, MI
$736,000
Leasehold Improvements
Small Business
Dentists' Office
10 years Year Term
San Diego, CA
$1,086,000
Refinance
Small Business
Insurance Agency
10 years Year Term
Scotssdale, AZ
$736,000
Leasehold Improvements
Small Business
Dentists' Office
10 years Year Term
San Diego, CA
$1,086,000
Refinance
Small Business
Insurance Agency
10 years Year Term
Scotssdale, AZ
$561,500
Real Estate Purchase
Small Business
Funeral Homes and Funeral Services
25 Year Term
Louisville, IL
$694,000
Business Acquisition
Small Business
Dentists' Office
10 Year Term
FULLERTON, CA
$504,000
Real Estate Purchase
Small Business
Funeral Homes and Funeral Services
25 Year Term
AKRON, NY
$1,358,500
Partner Buyout
Small Business
Dentists' Office
10 Year Term
Anchorage, AK
$1,289,000
Business Acquisition
Small Business
Offices of Chiropractors
10 Year Term
Belleville, IL
$2,870,000
Business Acquisition
Small Business
Dentists' Office
10 Year Term
Wintergreen, VA
$667,800
Business Acquisition
Small Business
Offices of Optometrists
10 Year Term
Scottsdale, AZ
$424,800
Real Estate Purchase
Small Business
Offices of Optometrists
25 Year Term
Scottsdale, AZ
$3,385,000
Refinance
Small Business
Dentists' Office
10 Year Term
NEWBURGH, NY
$900,000
Refinance
Small Business
Doctor's Office
10 Year Term
ATLANTA, GA
$604,000
Business Acquisition
Small Business
Dentists' Office
10 Year Term
Rockville, MD
$576,000
Refinance
Small Business
Funeral Homes and Funeral Services
10 Year Term
LEESBURG, VA
$1,152,400
Business Acquisition
Small Business
Insurance Agency
10 years Year Term
Klamath Falls, OR
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 ...
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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.

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