Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Newtek sells second round of small biz loan securitizations
NEW YORK (1/9/12)--Newtek Business Services, The Small Business Authority, has completed the securitization and sale of an additional $20.5 million of non-guaranteed portions of U.S. Small Business Administration (SBA) small-business loans. 

The Small Business Authority, Powered by Newtek, is a CUNA Strategic Services provider.

The transaction was made possible through an amendment to the securitization of $23 million in loans that closed in December 2010. The sale of the additional trust notes was handled by Guggenheim Securities, LLC, which advised Newtek.

Newtek has been active in small-business lending and, with the latest transaction, it will have completed the securitization of about $43.5 million of non-guaranteed portions of SBA small business loans within the past 12 months. 

Standard and Poor's has rated the securitization trust notes as AA, based on the collateral in the entire, upsized pool.
Other Resources

RSS print
News Now LiveWire
@AdamMertzCUNA @CUNACraig @AnnHPeterson @CUEscan @cumagazine
4 hours ago
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
14 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
15 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
15 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
15 hours ago