Small Business Spotlight

Caring Shepherd Home Health Agency in Long Island, NY

From underwriting submission to closing table in close to 45 days

Opening a local storefront for her home healthcare business was a major feat for this New York City nurse and owner.

Loan Amount


Loan Purpose

The Small Business

Caring Shepard HHC Agency LLC - Elemont NY logo

Caring Shepherd HHC Agency, LLC

Baldwin, NY

The Financing Challenge

Michele Eliassaint had been a home health nurse for over 20 years. The small business she established, Caring Shepherd HHC Agency LLC, is a full-service Home Health Care Agency that provides care to patients with all types of medical conditions, such as home care for post-surgery individuals diagnosed with long-term (typically life-long) illnesses.

Michelle wanted to establish retail presence in a post-COVID environment so that current, future, and walk-in clients had a physical location to visit. But the road to a closed deal was filled with bumps and detours for this first-time SBA borrower.

SBA 7(a) Loan Scenario

Here's what our borrower brought to Ready Capital

Deep experience in her industry

Multiple decades of on-the-ground care prepared her well for ownership.

An extremely tight deadline

Originally scoped for less than 60 days to close for a CRE purchase.

Initial increase in down payment required

Loan required approximately $30,000 additional down payment to fully secure the loan.


The BDO called the seller’s attorney directly to discuss a plan of action. Ready Capital did not want anyone to waste earnest money or any of the time and resources already invested. Taking the lead on communication and delegation on the project, Ready Capital was able to get the deal over the finish line.

Reliable Results

The Non-Bank SBA Preferred Lender Difference

A small business loan is not an empty box like a checking or savings account. No two small businesses are alike when it comes to their financing needs. This means that small business financing requires out-of-the-box thinking and capabilities many banks simply can’t offer.

Ready Capital is a non-bank, SBA preferred lending partner (PLP). We speak fluent small business and have the process in place to help them reach their goals the first time.

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