SBA Loan and Rates Monitor

Through August 9, 2019, SBA 504 loan originations are up 7.2% compared to the same period in the prior year, reaching $4.26 billion year-to-date in 2019 versus $3.98 billion during the same period in 2018. This reflects a substantial acceleration in originations over the past month, as originations were up just 5.4% year-to-date a month ago. Despite this growth, the unpaid principal balance of outstanding 504 loans stood at $25.68 billion as of June 30, 2019, down 0.6% compared to the $25.83 billion figure at year-end 2018. In contrast, SBA 7(a) loan originations are down 8.5% year-to-date to $19.51 billion and the unpaid principal balance of 7(a) loans is $94.60 billion at June 30, 2019, up 2.4% compared to year-end 2018.

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Media Contact: Joseph Gladue, CFA, PRM

Joseph Gladue has over 30 years industry experience with over 25 years focused on banking research. Mr. Gladue was Director of Research at several firms including Cohen & Company and Merion Capital Group. Previously he was a senior research analyst at B. Riley and worked in finance at Bank of the Internet. Joe has covered small and mid-cap banks across the US and has also follow companies in other financial service industries. Joe also provides his banking expertise in the asset management arena for Bluestone Capital Partners. Joe can be reached at jgladue@aldensecurities.com, 215-572-8700.

 

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