SBA Update

August 10, 2020

Fixed-Rate SBA DCPC SBAP Pools

August Fixed-Rate SBA DCPC Auction (SBAP 2020-20H 1 and SBAP 2020-25H 1)

Floating-Rate 7(a) Pools

PPP Loan Program Ends; Additional Small Business Aid Likely in the Next Round of Stimulus

PPP Loan Forgiveness Begins

The SBA will be rolling out a PPP forgiveness platform to process PPP loan forgiveness applications beginning August 10.

SBA FAQ on PPP Loan Forgiveness (August 4, 2020)

Summary of Paycheck Protection Program (data as of July 31, 2020)

$521.386 billion in PPP loans have been approved by the SBA totaling 5.084 million small business loans through 5,459 participating lenders.  The average size of PPP loans is $102,563 and the amount of PPP funding remaining is $128.23 billion.

Dan Stimpson, CPA

Senior Vice President, Investment Strategies

Vining Sparks IBG, LP

The information included herein has been obtained from sources deemed reliable, but it is not in any way guaranteed, and it, together with any opinions expressed, is subject to change at any time. Any and all details offered in this publication are preliminary and are therefore subject to change at any time. This has been prepared for general information purposes only and does not consider the specific investment objectives, financial situation and particular needs of any individual or institution. This information is, by its very nature, incomplete and specifically lacks information critical to making final investment decisions. Investors should seek financial advice as to the appropriateness of investing in any securities or investment strategies mentioned or recommended. The accuracy of the financial projections is dependent on the occurrence of future events which cannot be assured; therefore, the actual results achieved during the projection period may vary from the projections. The firm may have positions, long or short, in any or all securities mentioned. Member FINRA/SIPC.
Copyright © 2021
This is a publication of Vining-Sparks IBG, L.P.
775 Ridge Lake Blvd., Memphis, TN 38120