SBA Prepay Commentary

October SBA Prepayment Speeds



October 2019


Equipment and Real-Estate SBA 7(a) pools both posted slower speeds for the month of October. Equipment loan pools declined from September’s 18.1 CPR to 16.6 CPR. This was driven by broad-based declines in 2017 and 2018 vintages. Real-Estate loan pools declined from 19.4 CPR in September to 18.7 CPR; which, unlike equipment pools, was driven by declines in almost every vintage except 2017 and 2018.



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

Vining Sparks

AHofer@viningsparks.com


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