SBA Update

February 11, 2019

The temporary disruption in SBA new issuance due to the government shutdown has resulted in light secondary inventory levels.  The impact of the shutdown was evident in the February fixed-rate DCPC auction last week as issuance was down significantly from the January auction.


Floating-Rate 7(a) Pools


Fixed-Rate DCPC Pools

Government Guaranteed Loan Trading

Government-guaranteed USDA agricultural loans and SBA loans traded to financial institutions last week, but limited availability of supply has impacted activity recently.  As has been the case for some time, supply and not demand limits loan trading volumes.  The temporary disruption in new issuance has resulted in light secondary inventory levels for not only SBA investment pools, but guaranteed loans as well.

Dan Stimpson, CPA

Senior Vice President, Investment Strategies

Vining Sparks IBG, LP

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