NEW PROVIDENCE, NJ--(Marketwired - Nov 16, 2016) - In support of the Small Business Administration's (SBA) Veteran's week, ReadyCap Commercial, LLC a leading nonbank small business lender, is proud to announce an exclusive military veteran franchise SBA lending program. Called the Military Veteran Franchise Business Ownership (MVP) Lending Program, this platform reaffirms ReadyCap's commitment to supporting the SBA's mission of empowering military veterans through entrepreneurial training and special access to capital programs.
President of ReadyCap John Moshier, himself a veteran, is dedicated to helping military veterans achieve business ownership and economic freedom. According to Moshier, "Honorable veterans have sacrificed so much for our country. At ReadyCap we felt a responsibility to set up this program, which helps veterans join exceptional franchise systems as business owners. ReadyCap will be working with an exclusive set of franchise brands that have gone through a rigorous vetting process by the leader in franchise performance and analysis, FRANdata."
The program will provide specialized access to lending programs and terms that open doors to entrepreneurial veterans who wish to enter franchising. "Veterans are historically some of the most successful owners of franchise brands because of the training and discipline they learned during their service. When you couple their drive and their ability to execute with franchising's unique capacity to train, support and guide, you end up with a powerful combination," notes Edith Wiseman, President of FRANdata. "By leveraging FRANdata's franchise credit scores (FUND scores) and expert advice in their vetting process, ReadyCap is able to align with high performing franchises, resulting in the best possible outcomes for all involved -- veterans, franchisors, SBA, taxpayers and our shareholders."
"As the largest small business lending company (SBLC) chartered by SBA with a small business loan portfolio of more than $1.0 billion, ReadyCap is well positioned to meet the franchise financing needs of the military veteran community. FRANdata is proud to support ReadyCap in this endeavor," says Wiseman.
About ReadyCap Lending
ReadyCap Lending, LLC, is a licensed small-business lending company offering SBA 7(a) loans up to $5 million to small businesses throughout the United States. Based in New Providence, NJ, ReadyCap Lending is a subsidiary of ReadyCap Commercial, LLC, a wholly owned indirect subsidiary of Sutherland Partners, L.P., the general partner of which is Sutherland Asset Management Corporation ("Sutherland"). Sutherland, which is organized as a real estate investment trust, acquires, originates, manages and finances commercial real estate loans, and to a lesser extent, asset-backed securities where the underlying pool of assets consists primarily of commercial real estate loans and other real estate-related investments. ReadyCap Lending is an SBA Preferred Lender, and has a dedicated Veteran Community Development program for military veterans. For more information, visit readycaplending.com, or call 800-713-4984.
FRANdata is the leading independent research and advisory company that focuses solely on tracking and analyzing franchise companies and their performance. Leveraging the largest database of franchise information in the world, FRANdata provides their clients with the most comprehensive and in-depth analysis of franchise businesses and their corresponding industries' available. FRANdata is proud to be a strategic partner of the International Franchise Association (IFA) and is often cited as an expert in such leading media as The New York Times, The Wall Street Journal, Bloomberg and Forbes. Additional information is available on the company's website, www.frandata.com.