Secondary Market Summit 2024

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Secondary Market Summit Agenda

Wednesday, December 6th, 2023

Reception at Blank Rome, LLP

Blank Rome LLP

1825 Eye Street NW

Washington, DC 20006

5:00 to 7:00 p.m.



Thursday, December 7th, 2023


8:30 a.m. to 9:00 a.m. – Continental Breakfast Served



9:00 a.m. to 9:15 a.m. – Introduction and Opening Comments


Bob Coleman

Publisher, Coleman Publishing


Bob is the founder of the Coleman Publishing, a publisher of data, newsletters and reports; a producer of conferences, webinars and training videos — to help SBA lending finance become professional small business lending experts. His passion is getting capital to Main Street and Rural America’s small businesses.



9:15 a.m. to 9:45 a.m. – 2024 SBA 7(a) Secondary Market Update - Using Big Data to Determine Prepayments Speeds - Where are we in the Cycle?


Bob Judge

CEO, Government Loan Solutions


Bob Judge is a professional expert in the SBA Secondary Market industry. His clients retain him to provide detailed analytical data to maximize the performance of their SBA secondary market investments. His overview of what will happen in 2024 is a must-attend event for sellers, brokers and buyers of SBA secondary market paper.



9:45 a.m. to 10:30 a.m. – Federal Government Regulation of the SBA Secondary Market - Changes in 2024

SBA issued new regulations of SBA 7(a) loan pools that impact investor returns. Bob Judge will lead a discussion with SBA personnel to discuss the exact impact of the new regulations for the industry and the agency’s plans for 2024.


Moderated by Bob Judge


Special Invited Guest:

John M. Wade

Secondary Market Division

U.S. Small Business Administration



John is Chief of the SBA Secondary Market Division. He coordinates activities tied to the sale of SBA loan and debenture guarantee certificates. He provides direction and guidance on the delivery of SBA guaranteed investment securities, coordinates the review and government consent for SBA loan securitizations as well as secured credit facilities supported by SBA 7(a) loans.



10:30 a.m. to 11:00 a.m. – Networking Break



11:00 a.m. to 11:30 a.m. – Using Big Data to Predict SBA Loan Portfolio Performance

Brett Caines

Co-Founder & CEO at Lumos Technologies


Prior to founding Lumos, Brett Caines was the CFO of Live Oak Bank, the nation’s largest and fastest growing SBA lender. At Lumos, Brett and the team continue to help small businesses and financial institutions through analytics and advisory services. Brett is an inspirational leader and active listener who views people and problems holistically.


11:30 a.m. to 12:00 p.m. – SBA Modernization Roadmap

Carson Mullins & Pam Malla



12:00 p.m. – Lunch sponsored by Thomas USAF


Keynote Speaker TBA


Presentation of Secondary Market Awards



1:30 p.m. to 2:00 p.m. – What the Investor Wants from SBA 7(a) Loan Paper

Investor appetite for SBA 7(a) loan certificates drives the market. For the first time the Summit will host a panel of buyers of paper and IO strips who will disclose their thoughts of pricing and where the market is heading in 2024.


Panel: TBA

Moderated by Bob Judge



2:00 to 2:30 p.m. – How the Farm Bill Affects the USDA Guaranteed Loan Secondary Market

Although smaller than SBA 7(a), USDA guaranteed loans are a very profitable niche for lenders and investors. The recently passed Farm Bill contains major changes to USDA guaranteed loan products. Invited USDA officials and industry leaders discuss the changes that impact the USDA secondary market.


Panel: USDA (Invited)

Moderated by Bob Coleman


Note: If USDA lending and the secondary market is important to you, plan on attending the Rural Lenders’ Roundtable on Wednesday, December 6th in Washington D.C.



2:30 p.m. to 3:00 p.m. – Networking Break



3:00 p.m. to 3:30 p.m. – The 2024 SBA 504 Loan Program Secondary Market

The SBA 504 loan first position secondary market continues to evolve as new participants enter the market. What will be new for 2024? Better data performance? Privatization? And what about SBA’s (unannounced) credit box of limiting hospitality and poultry loans impact on the secondary market.


Moderated by Jordan Blanchard

Panel TBA



3:30 – Summit Adjournment