iBusiness Funding, LLC, a division of Ready Capital Corporation, Enters Definitive Agreement to Acquire Funding Circle USA (FC USA), Inc. and Return Funding Circle's Newly Acquired SBLC Li...
Ready Capital Corproation (RC)
Last ready capital corproation earnings: 3/11 04:39 pm
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Source: Yahoo! Finance
Corporation (NYSE: RC), and Funding Circle Holdings plc are pleased to announce a share purchase agreement, positioning iBusiness Funding, LLC as the new owner of FC USA and its subsidiaries, contingent on the return of its Small Business Lending Company (SBLC) license to the SBA. Founder and CEO of iBusiness Funding LLC Justin Levy expressed his enthusiasm, saying, "We are thrilled to welcome the exceptional FC USA team to the iBusiness family. FC USA's mission to be the largest SBA lender for loans under aligns with our goal to support underserved borrowers, the only difference is iBusiness achieves this goal through many SBA-approved lenders in our network." Funding Circle CEO Lisa Jacobs said, "We are pleased to have reached an agreement with iBusiness Funding, one of the leading processors of loans to US small businesses. In iBusiness, we have found a partner that shares in our mission, and we look forward to seeing the success of the combined entity." Ready Capital CEO Tho
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News
- iBusiness Funding, LLC, a division of Ready Capital Corporation, Enters Definitive Agreement to Acquire Funding Circle USA (FC USA), Inc. and Return Funding Circle's Newly Acquired SBLC License to the SBAPR Newswire
- Funding Circle Holdings plc [Yahoo! Finance]Yahoo! Finance
- Funding Circle Holdings plcPR Newswire
- Ready Capital Corporation Declares Second Quarter 2024 DividendsGlobeNewswire
- Ready Capital Announces Acquisition of Madison One [Yahoo! Finance]Yahoo! Finance
RC
Earnings
- 5/8/24 - Beat
RC
Sec Filings
- 6/14/24 - Form ARS
- 6/14/24 - Form DEFA14A
- 6/14/24 - Form DEF
- RC's page on the SEC website