SBA Prepay Commentary

January 2020 SBA Prepayment Speeds



January 2020


Prepayment speeds generally went up for both Equipment and Real-Estate SBA 7(a) pools for January. Equipment loan pools experienced a small pick-up, going from 16.2 to 18.0 CPR. Results were mixed across individual vintages, but those with speed increases saw more substantial changes than those with decreases. Real-Estate loan pools increased from 18.0 to 23.5 CPR. Most individual vintages saw their prepayments speed up and were above their 6- and 12-month averages.



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

KSmith@viningsparks.com


Adam Hofer

Analyst, Investment Product Strategies

ViningĀ Sparks

AHofer@viningsparks.com


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