SBA Update

August 13, 2018



SBA activity last week was focused on the DCPC auction Thursday, which included 20yr and 25yr terms.  Investors have also remained active in floating rate equipment pools offered at par and premium pricing as yields on SBA floating rate pools moved higher over the last several weeks.

 

Fixed-Rate (DCPC and SBIC) Pools



Floating-Rate 7(a) Pools

 

Government Guaranteed Loan Trading

 

SBA Prepayment Speeds

Tomorrow the monthly prepayment speeds for August will be available. The below information is based on July reports.

Mixed prepayment results left overall CPRs for SBA pools above their year-to-date average and also above the average since the October procedural changes. Real-estate pools slowed by a greater amount than equipment loans sped up, and for the first time in several months overall speeds for real-estate pools trailed equipment-loan pools.  For additional charts and SBA prepayment commentary, click on the link.





 



Dan Stimpson, CPA

Senior Vice President

Vining Sparks

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