A Side-By-Side Look At Small Business Funding Securitization Pools

| By:


Several small business funding companies have closed majored securitization deals since 2018 with Kroll Bond Rating Agency rating the transactions. For the most recent transaction with National Funding, Kroll compared each securitized pool side-by-side in a chart. An abbreviated version of it is below:

NFAS 2019-1 (National Funding) RFS 2018-1 (Rapid Finance) CRDBL 2018-1 (Credibly) SFS 2018-1 (Kapitus)
Weighted Avg Original Expected Time (months) 9.9 11.7 11.5 7.8
Weighted Avg RTR Ratio 1.36x 1.27x 1.32 1.35
Weighted Avg Credit Score 664 665 679 649
Weight Avg Time in Biz (years) 9.6 14.6 12.3 12.5
Percentage of MCA 0.0% 14.1% 45.8% 60%
Percentage of Loan 100% 85.9% 54.2% 40%
Last modified: September 6, 2019
Sean Murray


Category: Business Lending, merchant cash advance


Home Business Lending, merchant cash advance › A Side-By-Side Look At Small Business Funding Securitization Pools