NEW YORK–(BUSINESS WIRE)–KBRA releases research on the small business loan asset-backed security (ABS) sector, with a special focus on online small business loan ABS, which KBRA defines as deals where the collateral pool consists of assets with an initial receivable balance of $1 million or less.
Small businesses saw their revenues drastically curtailed or even ceased permanently due to the COVID-19 pandemic. To alleviate some of the fallout, the U.S. government provided stimulus money through Paycheck Protection Program (PPP) loans. While the PPP program has expired and business activity has increased, issuance of small business ABS has not bounced back to its pre-pandemic levels.
Key Takeaways
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KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
Maxim Berger, Director, Consumer ABS
+1 (646) 731-1260
ma**********@kb**.com
Eric Neglia, Senior Managing Director, Consumer and Commercial ABS
+1 (646) 731-2456
er*********@kb**.com
Rosemary Kelley, Senior Managing Director, Head of Global ABS
+1 (646) 731-2337
ro*************@kb**.com
Eric Thompson, Senior Managing Director, Head of Global Structured Finance Ratings
+1 (646) 731-2355
er***********@kb**.com
Business Development Contact
Ted Burbage, Managing Director
+1 (646) 731-3325
te*********@kb**.com
Maxim Berger, Director, Consumer ABS
+1 (646) 731-1260
ma**********@kb**.com
Eric Neglia, Senior Managing Director, Consumer and Commercial ABS
+1 (646) 731-2456
er*********@kb**.com
Rosemary Kelley, Senior Managing Director, Head of Global ABS
+1 (646) 731-2337
ro*************@kb**.com
Eric Thompson, Senior Managing Director, Head of Global Structured Finance Ratings
+1 (646) 731-2355
er***********@kb**.com
Business Development Contact
Ted Burbage, Managing Director
+1 (646) 731-3325
te*********@kb**.com
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