Quarterly Constant Default Rate (CDR) Reports
The CDR report provides a snapshot into loan performance as it relates to economic and market conditions - Accelerations being a reflection of the health of a small business while Voluntary payments are most affected by declining interest rates that provide an opportunity to refinance debt.
The SBA 504 debenture issuance summary provides information on the 10-year, 20-year, and 25-years debentures, comparative loan costs, pool size trends, and comparative spreads to treasury over time.
Fiscal Year 2019
Fiscal Year 2018
Download Issuance Summary here. (PDF version)
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015
Fiscal Year 2014
Frank Keane and Steve Van Order, Fiscal and Selling Agent for the program made the presentation linked below during a breakout session at the NADCO 2019 Annual Meeting.
Understanding 504 Interest Rates & the Funding Process