Harvest Has Executed Three Securitizations of SBA 7(a) Unguaranteed Portions
Harvest SBA Loan Trust 2018-1, August 2018
$90.79 million Class A Notes rated BBB by Standard & Poor’s (with a subsequent rating of BBB+ from Kroll Bond Rating Agency)
Harvest SBA Loan Trust 2019-1, February 2020
$34.92 million Class A Notes rated BBB-/BBB by Standard & Poor’s/Kroll Bond Rating Agency
Harvest SBA Loan Trust 2021-1, May of 2021
$68.03 million Class A Notes rated BBB-by Kroll Bond Rating Agency
Harvest Has Executed Two Securitizations of SBA 504 and Conventional 1st TDs
Harvest Commercial Capital Loan Trust 2019-1, November 2019
Kroll Bond Rating Agency rated the HCCLT 2019-1 transaction, with approximately 65% of the certificates (the Class A Certificates) rated AAA
$267.00 million Classes M-1 through M-5 were rated AA down to B, with Classes M-6 and M-7 being unrated
Harvest Commercial Capital Loan Trust 2020-1, December 2020
Kroll Bond Rating Agency rated the HCCLT 2020-1 transaction, with approximately 54% of the certificates (the Class A Certificates) rated AAA
$112.60 million Classes M-1 through M-5 were rated AA down to B, with Classes M-6 and M-7 being unrated
The securitization closed successfully despite a weak market for small business loan transactions due to the COVID-19 pandemic