SBA Prepay Commentary

December SBA Prepayment Speeds

December 2019

December prepayment speeds were a mixed bag for Equipment and Real-Estate SBA 7(a) pools. Equipment loan pools were essentially unchanged, going from 16.1 to 16.2 CPR. When observed on a vintage-by-vintage basis, the more notable speed variations occurred in older pools. Real-Estate loan pools decreased from November’s 21.1 to 18.0 CPR. Most individual vintages saw their speeds decline, but with varying steepness.

Equipment Loan Pool CPRs

Real-Estate Loan Pool CPRs

SBA Prepayment Tables (Click for Details)

Prepared according to methodologies described by SIFMA.

Kevin A. Smith, CFA

SVP, Director Investment Product Strategies

Vining Sparks

Adam Hofer

Analyst, Investment Product Strategies

Vining Sparks

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