SBA Update

February 19, 2019



SBA prepayment speeds in February for both Equipment and Real-Estate SBA 7(a) pools declined after increasing the prior month.  Equipment pools printed a CPR of 13.62, a decline from 15.09 CPR the previous month.  Real-Estate pools posted a 15.76 CPR for the month, a decline of 2.65 CPR from the previous month.

 

In Case You Missed It:

Vining Sparks: SBA Prepayment Commentary

 

SBA Prepayment Speeds



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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