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  "documentTitle": "Ready Capital | Investor Presentation Deck | 38 slides",
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      "text": "OUTSTANDING 7(a) BALANCE (BILLIONS)\n$120\n$100\n$80 $73.0 $78.8 $86.2 $92.4 $95.1 $97.3 $103.9 $106.7\n$60\n$40\n$20\n$0\n2015 2016 2017 2018 2019 2020 2021 2022",
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      "text": "7(a) LOAN APPROVALS (BILLIONS)\n$40\n$35\n$30\n$25 $23.9 $24.5 $25.8 $25.8 $23.6 $22.8 $36.8 $25.7\n$20\n$15\n$10\n$5\n$0\n2015 2016 2017 2018 2019 2020 2021 2022",
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      "text": "READY CAPITAL.",
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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\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": "Small Business Market – 7(a)",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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