SBA Update

January 7, 2019



The January fixed-rate DCPC auction is scheduled for later this week and includes 10, 20, and 25yr maturities.  Investors were active last week in floating-rate SBA pools as yields on these pools have moved higher with Fed rate hikes.  Spreads on discount to par priced SBA floater pools have widened over the last month from the mid 30’s to the mid 50’s over 90-day Treasuries.

Floating-Rate 7(a) Pools

Fixed-Rate DCPC Pools



Government Guaranteed Loan Trading

Government-guaranteed USDA agricultural loans and SBA loans actively traded to financial institutions last week.  As has been the case for some time, supply and not demand limits loan trading volumes.



Dan Stimpson, CPA

Senior Vice President, Investment Strategies

Vining Sparks IBG, LP

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