Embarking on their sixth year as the No. 1 lender of Small Business Administration loans in Michigan, Republic Bancorp Inc. may also be embarking on a debut SBA-backed securitization in the near future, sad Tom Menacher, Republic's executive vice president and chief financial officer.

"Up until this point in time we've never had quite enough volume to be our own securitizer," said Menacher. "We typically sell the guaranteed portion, on an individual, loan by loan basis, to players such as GFC, Morgan Keegan, Prudential and others who pool them and securitize them."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.