SMALL BUSINESS ADMINISTRATION ISSUES NOTICE: INFORMATION ON SBA SECONDARY MARKET PROGRAM

WASHINGTON, Sept. 28 -- Small Business Administration has issued a notice called: Information on SBA Secondary Market Program.

The notice was published in the Federal Register on Sept. 28 by Phillip Frechette, Supervisory Financial Analyst, Office of Credit Risk Management.

Summary: The U.S. Small Business Administration (SBA) is maintaining the 89.0 percent minimum maturity ratio for SBA Standard Pools and Weighted-Average Coupon (WAC) Pools. The minimum maturity ratio is a pool-formation characteristic intended to support the estimated cost of SBA's timely payment guaranty for newly formed pools of SBA-guaranteed portions of 7(a) loans. SBA will incorporate this notice, as appropriate, into the SBA Secondary Market Program Guide and oth...