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  "documentTitle": "Ready Capital | Investor Presentation Deck | 37 slides",
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  "authorName": "Ready Capital",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "OUTSTANDING 7(a) BALANCE (BILLIONS)\n$120\n$100\n$78.8 $86.2 $92.4 $95.1 $97.3 $103.9 $107.1 $108.4\n$80\n$60\n$40\n$20\n$0\n2016 2017 2018 2019 2020 2021 2022 2023",
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      "kind": "chart",
      "text": "7(a) LOAN APPROVALS (BILLIONS)\n$40\n$35\n$30\n$24.5 $25.8 $25.8 $23.6 $22.8 $36.8 $25.9 $6.8\n$25\n$20\n$15\n$10\n$5\n$0\n2016 2017 2018 2019 2020 2021 2022 2023",
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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 + 300bps 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 17 non-bank licenses approved since the 1980s\nEligible small businesses have under $15M net worth and $5M net profit",
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      "text": "16",
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      "kind": "title",
      "text": "Small Business Market – 7(a)",
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  "loops": [
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      "from": 16,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "dd960f5e-dfd7-4122-b54c-299a46939dee",
      "evidence": "The presentation uses a case study to demonstrate the effectiveness of Ready Capital's SBA 7(a) lending platform",
      "position": 0,
      "objective": "Highlight the benefits of Ready Capital's small business lending platform",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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