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  "documentTitle": "Ready Capital | Investor Presentation Deck | 41 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-03-01 00:00:00",
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      "kind": "chart",
      "text": "7(a) LOAN APPROVALS (BILLIONS)¹\n$23.9 (2015), $24.5 (2016), $25.8 (2017), $25.8 (2018), $23.6 (2019), $22.8 (2020), $36.8 (2021)",
      "attrs": {
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      "kind": "chart",
      "text": "OUTSTANDING 7(a) BALANCE (BILLIONS)¹\n$73.0 (2015), $78.8 (2016), $86.2 (2017), $92.4 (2018), $95.1 (2019), $97.3 (2020), $103.9 (2021)",
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      "kind": "image",
      "text": "READY CAPITAL.",
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      "kind": "list",
      "text": "The SBA's lead program is the 7(a) which guarantees 75% of eligible loans up to $5M @ Prime + 275bps maximum rate\nOriginator sells 75% pro-rata interest in loan pooled into SBA Certificates & sold at ~9%+ premium retaining 25% and servicing rights",
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      "kind": "list",
      "text": "The SBA (1953) is an independent federal agency that guarantees loans to small businesses\nEligible participants are banks except for 14 non-bank licenses approved in the 1980s\nEligible small businesses have under $15M net worth and $5M net profit",
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      "text": "1. Source: SBA.gov",
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      "kind": "title",
      "text": "Small Business Market – 7(a)",
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      "evidence": "The document outlines Ready Capital's diversified investment strategy and complementary platforms, providing a solution to the problems presented earlier.",
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