SBA Update

February 20, 2018

Fixed rate SBAs and low dollar price floaters continued to comprise a large share of activity in the sector last week. Monthly prepayment speeds revealed consistency with every month since the October procedural change implemented by the SBA. SBA loan trading held pace, while diminished supply resulted in slower USDA loan activity.


Floating-Rate 7(a) Pools




Fixed-Rate (DCPC and SBIC) Pools




Government Guaranteed Loan Trading


February prepayments highlighted news for the SBA sector last week. Demand for lower dollar-priced floating-rate pools remains strong with a pickup in interest in higher priced pools occurring as the prepayment picture clarifies. Despite strong demand, fixed-rate SBA product flows might remain low this week as they are dependent on secondary offerings due to the timetable of auctions.


James Plunkett

Director of Investment Product Strategies

Vining Sparks

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