Welcome to the definitive online directory of SBA 7(a) loan pool assemblers, where financial institutions and investors can find authorized secondary market participants. Our comprehensive database features verified pool assemblers who package and sell SBA 7(a) loans on the secondary market, helping lenders maintain liquidity and extend more small business financing. Whether you’re a bank looking to sell guaranteed portions of your SBA loan portfolio, an investor seeking quality government-backed securities, or a broker navigating the secondary market, our searchable directory provides essential contact information, performance metrics, and specialized services offered by each assembler.
| Company | Address | City | State | ZIP Code |
|---|---|---|---|---|
| J.P. Morgan Securities, LLC | 875 15th Street, NW | Washington | DC | 20005 |
| J.V.B. Financial Group LLC | 1825 NW Corporate Boulevard, Suite 100 | Boca Raton | FL | 33431 |
| Wells Fargo Securities, LLC | 550 South Tryon Street | Charlotte | NC | 28202 |
| Oppenheimer & Co., Inc. | 85 Broad Street, 22nd Floor | New York | NY | 10004 |
| Odeon Capital Group, LLC | 750 Lexington Avenue, 27th Floor | New York | NY | 10022 |
| StoneX Financial Inc. | 230 Park Avenue, 10th Floor | New York | NY | 10169 |
| Brean Capital, LLC | 505 Fifth Avenue, 5th Floor | New York | NY | 10017 |
| Piper Sandler & Company | 1251 Avenue of the Americas, 6th Floor | New York | NY | 10020 |
| BMO Capital Markets Corp. | 151 West 42nd Street, 9th Floor | New York | NY | 10036 |
| Santander US Capital Markets LLC | 437 Madison Avenue | New York | NY | 10022 |
| Piper Sandler & Company | 1251 Avenue of the Americas, 6th Floor | New York | NY | 10020 |
| Momentus Securities LLC | 1350 Broadway, #2320 | New York | NY | 10018 |
| Stonewall Investments Tennessee, Inc. dba Memphis Capital | 6410 Poplar Avenue, Suite 500 | Memphis | TN | 38119 |
| Paragon Bank | 5400 Poplar Avenue, Suite 350 | Memphis | TN | 38229 |
| Cantor Fitzgerald & Co. | 6410 Poplar Avenue, Suite 700 | Memphis | TN | 38119 |
| Raymond James Bank, FSB | 1100 Ridgeway Loop, 4th Floor | Memphis | TN | 38120 |
| PlainsCapital Bank (Hilltop Securities) | 5350 Poplar Avenue, Suite 150 | Memphis | TN | 38119 |
| Carty, Harding & Hearn, Inc. | 6263 Poplar Avenue, Suite 800 | Memphis | TN | 38187 |
| Stifel, Nicolaus & Company, Inc. | 1300 Post Oak Blvd, Suite 1550 | Houston | TX | 77056 |
| FHN Financial Capital Markets | 920 Memorial City Way, 11th Floor | Houston | TX | 77024 |
| SouthState Bank, NA | 9 Greenway Plaza, Suite 3120 | Houston | TX | 77046 |
Frequently Asked Questions
Q: What is an SBA 7(a) loan pool assembler?
A: An SBA 7(a) loan pool assembler is a financial entity authorized by the Small Business Administration to purchase the guaranteed portions of SBA 7(a) loans from lenders, package them into pools, and sell them to investors in the secondary market as securities backed by the full faith and credit of the U.S. government.
Q: Why would lenders sell their SBA loans to pool assemblers?
A: Lenders sell the guaranteed portions of their SBA loans to increase liquidity, reduce portfolio risk, generate fee income, and free up capital to make additional loans to small businesses. This practice allows them to continue their SBA lending activities while managing their balance sheets effectively.
Q: How do I know if a pool assembler is SBA-approved?
A: All pool assemblers listed in our directory are verified as SBA-approved secondary market participants. You can also verify a pool assembler’s status directly with the SBA’s Secondary Market Program Office or through their official website.
Q: What documentation do I need to provide when selling loans to a pool assembler?
A: Typically, you’ll need to provide the SBA loan authorization, note, guaranty agreement, servicing history, borrower financial statements, and Form 1086 (Secondary Participation Guaranty Agreement). Specific requirements may vary by assembler.
Q: What premiums can I expect when selling SBA loans?
A: Premiums vary based on interest rate, remaining term, payment history, and market conditions. Currently, premiums typically range from 106% to 118% of the guaranteed portion’s face value for well-performing loans with favorable terms.
Q: Can I still service the loan after selling it to a pool assembler?
A: Yes, lenders typically retain servicing responsibilities for the loans they sell into the secondary market and receive a servicing fee (usually 1% of the outstanding balance) for managing these responsibilities.
Q: What are the minimum investment requirements for SBA loan pools?
A: Minimum investments typically start at $100,000, though some pools may have higher minimums of $250,000 or more depending on the assembler and the specific pool characteristics.
Q: What yields can investors expect from SBA loan pools?
A: Current yields generally range from 1.5% to 3% above comparable Treasury securities, depending on pool characteristics, weighted average coupon rate, and prepayment assumptions.
Q: Are SBA pool investments liquid?
A: While SBA pool investments have a secondary market, they are not as liquid as stocks or bonds. Investors should be prepared to hold these investments for the medium to long term, though brokers can facilitate sales if needed.
Q: What is the difference between a pool assembler and a pool originator?
A: A pool assembler is authorized to create and sell SBA pools, while a pool originator (typically a broker-dealer) may help facilitate transactions between lenders and assemblers but cannot create pools themselves.
Q: How are SBA loan pools priced in the secondary market?
A: SBA loan pools are priced based on several factors including the weighted average coupon (WAC), weighted average maturity (WAM), historical and projected prepayment speeds, current interest rate environment, and overall market demand.
Q: What happens to a loan pool if the SBA assembler goes out of business?
A: If an assembler ceases operations, the SBA has contingency plans to ensure continued servicing of the pools. The government guarantee on the securities remains intact, and investors continue to receive their payments through the designated fiscal and transfer agent.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.