Small Business Spotlight

Passionate Bridal Shop Employee Pursues Her Dream of Becoming its Owner

Discover how an experienced shop employee became its owner, despite a lack of funds for the initial down payment as well as other financial hurdles.

Loan Amount


Loan Purpose

The Small Business

Bridal Shop | Peachtree City, GA

The Financing Challenge

As a first-time buyer and longtime bridal shop employee, our client did not have the initial funds or the 10% deposit needed to purchase the business and obtain the loan. Even though she brought over 15 years of experience, the passion to keep the company going, and a motivated seller, she was at a loss of ways to come up with the funds. The borrower was willing to go to great lengths such as selling her home to make the deal happen. Unfortunately, with growing interest rates and a tough residential market she was unable to sell and needed to look for another solution.

SBA 7(a) Loan Scenario

Here's what our borrower brought to Ready Capital

Years of Experience

Over 15 years of experience, passion, and knowledge at the bridal shop.

A Strong Community

Existing relationships with customers, vendors, employees, and community members that helped aid in the success of the business for over a decade.

A Great Seller Relationship

A great relationship with the seller who was interested in assisting her to purchase the business.

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.

Apply for an SBA 7(a) loan

Start the application process for any size SBA 7(a) loan.