Arthur McMiler
Business consulting company Guidehouse has announced that it will serve as master servicer and custodian under the first-ever multiparty securitization of the unguaranteed portion of Small Business Administration 7(a) loans.
Commenting on her organization’s role in the transaction, Jessica Stallmeyer, Guidehouse partner and financial services segment leader, said in a statement issued Wednesday, “[We] are pleased to perform a vital role alongside industry-leading counterparties in this revolutionary deal structure that the market has desired for over a decade.”
Guidehouse pointed out that economies of scale will be created under the new multiparty securitization setup, with its structure pooling about $100 million in unguaranteed balances from various small and community-oriented lenders across the United States.
It will also enable regional and community lenders to access potential sources of liquidity from a market segment previously unavailable to them, the company added.
Brian Gagnon, public sector financial services leader at Guidehouse, cited SBA’s “visionary leadership” in having the new 7(a) loan structure created.
“By further unlocking the power of U.S. capital markets, it demonstrates that the value of the SBA loan guaranty has never been higher,” he said.
