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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\n$60\n$40\n$20\n$0\n2016\n2017\n2018\n2019\n2020\n2021\n2022\n2023\n$78.8\n$86.2\n$92.4\n$95.1\n$97.3\n$103.9\n$107.1\n$108.4",
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      "text": "7(a) LOAN APPROVALS (BILLIONS)\n$40\n$35\n$30\n$25\n$20\n$15\n$10\n$5\n$0\n2016\n2017\n2018\n2019\n2020\n2021\n2022\n2023\n$24.5\n$25.8\n$25.8\n$23.6\n$22.8\n$36.8\n$25.9\n$6.8",
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      "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": "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": "Small Business Market – 7(a)",
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The deck presents case studies and investment metrics for small business lending",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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