SBA Update

April 17, 2017

SBA Market Update


The SBA sector continued to benefit from strong demand for floating-rate securities in the holiday shortened week.  Activity centered on the shorter equipment-backed SBA pools.  In addition, fixed-rate SBA securities continued to see interest as investors picked up pieces of the April 20-year DCPC.  Loan trading activity increased after the typical quarter-end lull, with equipment loans continuing to be the most highly sought after.

Floating-Rate 7(a) Pools


Fixed-Rate (DCPC and SBIC) Pools

Government Guaranteed Loan Trading

Loan trading activity continues to increase, as loan originations outpace last year.  Floating-rate SBAs experienced heightened activity last week, with most of the focus on 10-year WAM pools.  In addition, the April 20-year DCPC continues to trade well in the secondary.

Greg Roll, CFA

Senior Vice President

Vining Sparks

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