Ready Capital Corporation (NYSE: RC) announced today that the Company's national Small Business Administration (SBA) lender, ReadyCap Lending, … We estimate our efforts to date, will help to fund the payroll of approximately 200,000 individuals across the country.". If you are interested in applying for this next round of PPP, please visit ppp.readycapital.com. Ready Capital, through its front-end technology embedded in its iBusiness Funding platform, helps small businesses by lending, not only to its existing clients, but also new applicants. Ready Capital, through its front-end technology embedded in its iBusiness Funding platform, helps small businesses by lending, not only to its existing clients, but also new applicants. Through the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"), the initiative calls for existing SBA lenders to extend loans to small business to cover payroll, occupancy and operating expenses through the PPP Program. An SBA-backed loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. The Paycheck Protection Program is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The Company will continue to fund … South Dakota Licensed Mortgage Lender ML.05088. Apply for a (PPP) Payroll Protection Program SBA Loan Q:What businesses, organizations, and individuals are eligible? They keep asking for 941's that have already been submitted. Everfund also offers SBA PPP loans to help businesses get needed cash during the COVID crisis. Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. The Company will continue to fund approved loans over the upcoming weeks and is accepting applications at ppp.readycapital.com. Investor Relations Ready Capital Corporation212-257-4666 InvestorRelations@readycapital.com, View original content:http://www.prnewswire.com/news-releases/ready-capital-corporation-reaches-2-billion-in-sba-loan-approvals-through-the-paycheck-protection-program-301040719.html, http://www.prnewswire.com/news-releases/ready-capital-corporation-reaches-2-billion-in-sba-loan-approvals-through-the-paycheck-protection-program-301040719.html, UPDATE 1-Brazil current account deficit 0.65% of GDP, smallest in 13 years, UPDATE 1-Euro zone bond yields calm as Powell reassures markets, Cathie Wood’s Funds Stabilize After Record Investor Outflows, UPDATE 1-Johnson & Johnson's one-shot COVID-19 vaccine effective, safe- FDA staff, Turkish court convicts executive, two jet pilots in Ghosn escape trial. Furthermore, the PPP Program includes a 100% guarantee from the federal government for loans up to $10 million and principal forgiveness for borrowers if the funds are used primarily for retaining employees. Investor Relations Ready Capital Corporation 212-257-4666 InvestorRelations@readycapital.com, Cision View original content:http://www.prnewswire.com/news-releases/ready-capital-corporation-reaches-2-billion-in-sba-loan-approvals-through-the-paycheck-protection-program-301040719.html. The Company is externally managed and advised by Waterfall Asset Management, LLC. The company lends up to $45 million on multifamily and commercial real estate, delivering value-add bridge loans and fixed rate financings for stabilized assets. Lendio has said on social media that they have been working … The government has done their part to make these funds available and it is our responsibility to get the funds into the hands of people who need it most. Ready Capital recommends that borrowers consult their tax advisors and/or legal counsel with questions about PPP eligibility, the CARES Act, and how the borrower’s specific financial situation may impact the advisability of applying for a PPP loan or a … The Company specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Rocky Start as SBA Re-opens Next Round of PPP Lending Dafina Williams / January 12, 2021 / Policy OFN commends the efforts of the Small Business Administration (SBA) to swiftly deploy new stimulus funds, including $284 billion in Paycheck Protection Program (PPP) funding that prioritizes small businesses underserved by mainstream lenders. Among Ready Capital’s channels for acquiring PPP loan applications is Lendio, who reported consistent figures (a rough average of $80,000 per PPP loan facilitated), and high volume. The Company's average loan size was $73,000, far lower than average program loan size, with over 50% of applicants requesting a loan under $25,000. ReadyCapital has partnered with Lendio, who matched you with us to help process and fund your PPP loan …

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