Did ready capitallendio cost me my ppp loan? Ready Capital & Lendio May Cost Me My PPP Loan. I was approved, by the SBA, then they vanished. I have an SBA number with Ready Capital on 4/21 VIA Lendio. No other info or contact from Ready Capital despite numerous calls and emails.Who is ready capital? Headquartered in New York City, Ready Capital employs over 400 lending professionals nationwide. Details around the Paycheck Protection Program (PPP) loan forgiveness are changing constantly. Ready Capital operates a persified, full-service lending platform with nationwide reach and local market expertise.What kind of loans does ready capital lend? 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. Ready Capital is an approved Freddie Mac Small Balance Loan (“SBL”) lender, an SBA Preferred Lender and provides residential mortgage lending though its wholly-owned subsidiary, GMFS Inc.What is readycap lending llc? ReadyCap Lending LLC is a non-bank lender that specializes in Small Business Administration loans. This subsidiary of Ready Capital is an SBA Preferred Lender. Small business owners that work with ReadyCap Lending can apply for the SBA 7 (a) and 504 loan programs, which are affordable alternatives to bank or credit union loans.
Yes, the same thing happened to me .. sign documents May 25 th. Emails and phone calls with updates. Last update was July 4. Now they stopped sending updates and I haven't received my 2nd PPP. I did use Ready Capital for my 1st PPP and it was a smooth process.