Ready Capital Corporation exceeds $ 1 billion in SBA loans
Now the second largest non-bank lender in the United States
Posted: October 14, 2021 at 4:15 p.m. EDT|Update: 4 hours ago
NEW YORK, October 14, 2021 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (âReady Capitalâ or the âCompanyâ) today announced that the Company has overtaken $ 1 billion in SBA 7 (a) loans since it started issuing these loans under this government sponsored program. Ready Capital became the second SBA non-bank lender in United States.
Since the beginning of the year (until September 30, 2021) Highlights include:
- Ranked # 2 in Loan Approval Volume and Number of Loans Closed Among Non-Bank SBA Lenders
- Ranked # 6 in dollar volume of loan approvals among all SBA lenders
- Ranked in the top 1% of SBA lenders by number of loans closed
- 489 loans closed with an approval volume of over $ 616 million
“We are proud to have achieved these milestones and we are firmly striving to become the largest non-bank lender in the next three years,” said Jean Moshier, President of the Small Business Loans Division of Ready Capital. âThese results underscore our commitment to the small business community, which we aim to highlight through our sponsorship of Military Makeover and SBA Roadshow, communication channels that showcase the best of SBA loans. “
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that creates, acquires, finances and manages small to mid-size commercial loans. Ready Capital specializes in back-to-back commercial real estate loans including agency multi-family, investor and bridge loans as well as SBA 7 (a) business loans. Based at New York, New York, Ready Capital employs more than 500 credit professionals nationwide. The company is managed and advised externally by Waterfall Asset Management, LLC.
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