Ready Capital reaches $2B in SBA loan approvals

• Ready Capital (NYSE:RC) gets Small Business Administration approvals to fund more than $2B loans through the SBA's Paycheck Protection Program under the CARES Act.
• It started taking applications the first week of April and began funding of the PPP loans on Monday, April 13.
• "We estimate our efforts to date, will help to fund the payroll of approximately 200,000 individuals across the country," said Ready Capital Chairman and CEO Thomas Capasse.