WASHINGTON, Aug. 28 -- Small Business Administration has issued a notice called: Information on SBA Secondary Market Program.
The notice was published in the Federal Register on Aug. 28 by Daniel Pische, Director, Office of Financial Assistance.
Summary: The purpose of this Notice is to inform the public that the Small Business Administration (SBA) is maintaining the 89.0% minimum maturity ratio for both SBA Standard Pools and Weighted-Average Coupon (WAC) Pools. The minimum maturity ratio covers the estimated cost of the timely payment guaranty for newly formed SBA 7(a) loan pools. This update will be incorporated, as needed, into the SBA Secondary Market Program Guide and all other appropriate SBA Secondary Market documents.
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