SBA published a Notice in the Federal Register, Information on SBA Secondary Market Program (88 FR 67418), to inform the public that it “is making no change to the current minimum maturity ratio of 92.0% for both SBA Standard Pools and Weighted-Average Coupon (WAC) Pools”. As indicated in the Notice, the minimum maturity ratio covers the estimated cost of the timely payment guaranty for newly formed SBA 7(a) loan pools. The update will apply to SBA 7(a) loan pools with an issue date on or after October 1, 2023. But readers are reminded that SBA restrictions will apply to Secondary Market transactions during any government shutdown. [Please see attached SBA message.]
SBA will incorporate this update, as needed, into the SBA Secondary Market Program Guide and all other appropriate SBA Secondary Market documents. Comments relating to this Notice should be sent to David Parrish, Chief Secondary Market Division, Office of Financial Assistance, U.S. Small Business Administration, 409 3rd Street SW, Washington, DC 20416; or [email protected].
