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ReadyCap Lending Upgrades to 5.4 Commercial

CLIENT: ReadyCap Lending, LLC

ReadyCap Lending, LLC is a licensed small-business loan specialty finance company offering SBA 7(a) loans up to $5 million to small businesses throughout the United States. Based in New Providence, New Jersey, ReadyCap Lending is a subsidiary of ReadyCap Commercial, LLC, a wholly owned indirect subsidiary of Sutherland Partners, L.P.

NEED: Upgrade to the latest version of COMMERCIAL

ReadyCap Lending (formerly CIT) has been a Shaw client for over a decade. Upgrading from the older version of 4.9 to the latest release of our 5.4 system was critical to ReadyCap Lending in order to keep pace with updates to the software and to take advantage of the benefits of current server operating systems. They are looking forward to taking advantage of the new functionality available to them now.

SOLUTION: Shaw’s COMMERCIAL 5.4 Software

Shaw teamed up with ReadyCap Lending so they could easily upgrade to the COMMERCIAL 5.4 system. As you can imagine, an upgrade spanning many releases is very involved. However, due to the hard work that our COMMERCIAL experts put into building the process nearly a year ago, along with testing the new release and training ReadyCap Lending on the new features of the system, it only took a couple of hours to run the process. The ReadyCap Lending technicians were even able to run it themselves.

This was an outstanding team effort to get a complex upgrade done. The ReadyCap Lending technicians were prepared to work through the weekend and into the following Monday, which would have been a holiday for them. Instead, it was so successful they got it all done in one day, followed by a few hours of validation for some of their users the next day.

RESULT: Success!

The resulting product is a powerful solution that will help ReadyCap Lending achieve their goals of reducing costs and managing all phases of their processes. Shaw Director of Legacy Systems, Brian Barber said, “As a result of upgrading to Shaw’s 5.4 COMMERCIAL system, ReadyCap Lending has gained more efficiencies and consistency as they utilize the COMMERCIAL 5.4 software capabilities.”

Congratulations to ReadyCap Lending for upgrading to the newest version of COMMERCIAL and congratulations to our team for making the upgrade an easy transition and a great success for ReadyCap Lending.