SMALL BUSINESS SPOTLIGHT SERIES

Small Business Loan

Some clients have very unique business loan needs that you are not able to meet. From financing working capital to acquiring real estate—Ready Capital’s team works with you to customize the best program fit and loan terms. As a non-bank, SBA Preferred Lender, our more flexible lending box will help you get more closings. We offer easy referral, prompt eligibility screening, and fast term sheets. We pride ourselves on delivering a fast, consultative, and transparent borrower experience.

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SMALL BUSINESS SPOTLIGHT

Pet Services Industry

 

Pampered Pet Services

$2,253,000 SBA 7(a)

East Dundee, IL

 

Wag Resort

$2,206,000 SBA 7(a)

Grand Junction, CO

Pet Services 2

Executive Summary

An SBA lender with enough experience and resources can go beyond the numbers. Where another lender might pass, the right lender knows which details to mine for, and how to build a case for a deal that closes.

Pet franchises and other pet care businesses are full of these deals.

Common challenges to pet franchise acquisitions include:

  • The collateral is a mix of commercial real estate and residential
  • Deals in the industry tend to be unsecured
  • The borrower's industry experience is related but not direct (e.g. they've worked in dog walking but never owned a doggy daycare)

 

 

Creative Solutions, Reliable Results

As a non-bank lender, Ready Capital got the deal done.
 
Betted on owner's potential: Pampered Pet Services in East Dundee, IL
 
  • Got the deal done despite the owners having fairly limited (related) industry experience
  • Highly leveraged deal

Quick closing and relocation: Wag Resort in Grand Junction, CO

  • Got the deal closed on very short timeframe, by EOY, in time for our clients' tax filings
  • Helped owners make a smooth transition from business sellers to buyers in two different states

Client Testimonials

“Ready Capital was spot-on in  getting us the information we needed, in a timely manner. Cliff was great to work with. He coordinated the efforts of three different departments.” 

Ann Randolph, Hoffman-Haus

 

“We were purchasing two different brick-and-mortar locations, and the seller had an expedited deadline. The team held regular meetings with us. They had very methodical, excellent communication every step of the way. They worked hard and got it done. We look forward to working with Ready Capital as our needs expand.”

Rob Lindberg, Wag Resort

 

The U.S. Pet Industry, worth an estimated $123 billion by 2021, experienced a record number of M&A transactions in 2022. 

Source: Packaged Facts

To discuss a deal and discover how we can help, contact us or request a financing quote.