SBA Prepay Commentary

May SBA Prepayment Speeds



May 2019


In total, Equipment and Real-Estate SBA 7(a) pools had mixed results for this month. CPRs for the Equipment pool population were basically flat at 18.7 CPR compared to 18.8 CPR in April. Real-Estate speeds came in 2 CPR faster than in April at 18.6 CPR. It’s worth taking a look at the vintage breakdowns below as they can vary. Measured on a 6-month moving average, both Equipment and Real-Estate pools have continued on a downward path after a blip up last month, though Equipment pools are still above the decline’s low.



Equipment Loan Pools



Real-Estate Loan Pools



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

Vining Sparks

AHofer@viningsparks.com


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