RC - Ready Capital Announces 103% Increase in SBA 7(a) Loans Year to Date and Names Gary Taylor as CEO of ReadyCap Lending | Benzinga
NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital") proudly announces a significant milestone for its non-bank SBA 7(a) subsidiary, ReadyCap Lending (RCL), as it closed $265.7 million of SBA 7(a) loans in the first four months of 2024. This achievement represents a remarkable 103% increase from the same period in the previous year, underscoring the success of its dual strategy catering to both large and small loans per SBA guidelines.
In addition to this milestone, RCL is pleased to announce the appointment of Gary Taylor as its new CEO. With over 25 years of extensive experience in SBA lending and operations, Mr. Taylor brings a wealth of knowledge to his new role. He has held senior positions at reputable institutions such as Lehman Brothers, CIT, and Newtek. Mr. Taylor's primary focus in his new capacity will be to spearhead the ongoing growth initiatives at RCL. Notably, RCL currently holds the prestigious position ...