SBA Update

July 24, 2017

Activity continued to be centered on par handle floating-rate SBA pools, as investors focus on The Fed meetings later this week. Fixed-rate SBA investment was limited last week as supply of DCPC paper in the secondary market continues to be scarce. Trading of government guaranteed loans was very strong last week, which continues to support the formation of new pools.

Floating-Rate 7(a) Pools


Fixed-Rate (DCPC and SBIC) Pools


Government Guaranteed Loan Trading


Trading was elevated in par handle SBA floating-rate pools and limited fixed-rate investments as supply of DCPC may be a challenge until the next auction. Portfolio managers continue to diversify SBA holdings by adding well-structured new issue pools.



Greg Roll, CFA

Senior Vice President

Vining Sparks

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