SBA Update

June 26, 2017

The combination of recent Fed actions and a host of new issuance yielded high levels of activity in floating-rate SBA pools last week.  In addition, fixed-rate SBA investments also saw renewed interest, as recently issued DCPCs traded well in the secondary market.  Loan trading activity was steady last week, as depositories focused on closing out the quarter strong.

Floating-Rate 7(a) Pools

Fixed-Rate (DCPC and SBIC) Pools

Government Guaranteed Loan Trading

Fed actions, coupled with new issuance seemed to spur activity in floating-rate SBA pools.  Floating-rate pool coupons will reflect the increase in Prime on July 1st.  In addition, fixed-rate SBA investment activity was very high with investors picking up recently-issued DCPCs still trading in the secondary.

Greg Roll, CFA

Senior Vice President

Vining Sparks

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