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Wednesday, 05/31/2023 7:33:50 AM

Wednesday, May 31, 2023 7:33:50 AM

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The Newtek Small Business Loan Trust, 2023-1, is preparing to issue approximately $103.8 million in asset-backed securities secured by a pool of SBA small business loans, a portion of which has strong seasoning. According to S&P Global Ratings, which intends to assign ratings to the notes, approximately 17% of the 1,064 loans in the collateral pool had previously been securitized in two previous Newtek Small Business Loan Trust transactions, from 2016 and 2017. According to S&P, these loans add valuable seasoning to the current collateral pool, which will actually be larger than the series 2022-1.
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