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

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