SBA Update

August 14, 2017

Last week was very active with portfolio managers picking up semi-seasoned floating-rate SBAs and fixed-rate paper from the August DCPC auction.  Investors focused on seasoned paper, as new issue premium paper continues to be limited.  New issue premium paper should continue to be limited this week, however there are expectations for new issue real-estate-backed pools to hit the market early next week.


Floating-Rate 7(a) Pools


Fixed-Rate (DCPC and SBIC) Pools




Government Guaranteed Loan Trading


Trading continues to be healthy in semi-seasoned SBA floating-rate pools and in fixed-rate SBA paper, as the August DCPC auction was met with strong demand.  Loan trading activity continues to support the creation of floating-rate SBA pools, with the market anticipating new issue pools hitting the market early next week.



Greg Roll, CFA

Senior Vice President

Vining Sparks

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