SBA Update

November 27, 2017

Activity was limited last week due to the Thanksgiving holiday.   Some investors picked up fixed-rate SBAs and par priced floating-rate SBAs early in the week.  Loan activity continues to be strong in both 7(a) floating-rate loans and fixed-rate USDA government guaranteed loans.


Floating-Rate 7(a) Pools


Fixed-Rate (DCPC and SBIC) Pools


Government Guaranteed Loan Trading


Portfolio managers continue to focus on reviewing their SBA floating-rate holdings and adding fixed-rate government guaranteed exposure to their existing portfolios.  Paper from the latest DCPC auctions continues to be picked up by investors looking for fixed-rate exposure in their portfolios.



Greg Roll, CFA

Senior Vice President

Vining Sparks

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