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  "documentTitle": "Ready Capital | Investor Presentation Deck | 38 slides",
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  "authorName": "Ready Capital",
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  "presentationDate": "2022-09-01 00:00:00",
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      "text": "OUTSTANDING 7(a) BALANCE (BILLIONS)1\n$120\n$100\n$80\n$60\n$40\n$20\n$0\n2015\n2016\n2017\n2018\n2019\n2020\n2021\n2022\n$73.0\n$78.8\n$86.2\n$92.4\n$95.1\n$97.3\n$103.9\n$106.7",
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      "text": "7(a) LOAN APPROVALS (BILLIONS)¹\n$40\n$35\n$30\n$25\n$20\n$15\n$10\n$5\n$0\n2015\n2016\n2017\n2018\n2019\n2020\n2021\n2022\n$23.9\n$24.5\n$25.8\n$25.8\n$23.6\n$22.8\n$36.8\n$10.8",
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      "text": "READY CAPITAL.",
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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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      "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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      "text": "1. Source: SBA.gov; as of March 31, 2022",
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      "name": "Cost Of Inaction",
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