SBA Update

March 27, 2017

SBA Market Update

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 the semi-annual SBIC auction was well received by investors last week.  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 April 1st.  In addition, fixed-rate SBA investment activity was very high with investors picking up pieces of the SBIC auctions and of the March DCPC still trading in the secondary.

Greg Roll, CFA

Senior Vice President

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