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  "documentTitle": "Ready Capital | Investor Presentation Deck | 43 slides",
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  "presentationDate": "2021-11-01 00:00:00",
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  "notes": "The slide provides context on the SBA 7(a) program, which is central to Ready Capital's business model.",
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      "text": "7(a) LOAN APPROVALS (BILLIONS)",
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      "text": "The SBA (1953) is an independent federal agency that guarantees loans to small businesses. Eligible participants are banks except for 14 non-bank licenses approved in the 1980s. Eligible small businesses have under $15M net worth and $5M net profit.",
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      "text": "The SBA's lead program is the 7(a) which guarantees 75% of eligible loans up to $5M @ Prime + 275bps maximum rate. Originator sells 75% pro-rata interest in loan pooled into SBA Certificates & sold at ~9%+ premium retaining 25% and servicing rights.",
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      "text": "1. Source: SBA.gov",
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      "text": "Small Business Market – 7(a)",
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