Government-guaranteed ABS prices amid market freeze

Small Business
By Jennifer Kang
18 Mar 2020

The Small Business Administration (SBA) priced a government-guaranteed small business loan securitization this week in an otherwise frozen primary market. The role of government agencies such as the SBA is expected to be crucial in mitigating Covid-19’s impact as many other issuers find themselves paralysed in the face of volatility.

A week ago, it would have been difficult to imagine a business loan deal being able to print, given the outlook for firms across the US as the virus crisis deepens. Given the fear and volatility in the the capital markets, investors told GlobalCapital that small business ...

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