Today, the U.S. Department of Treasury sold six Small Business Administration 7(a) securities for $75.3 million, totalling $2.9 million in gains and income for the securities thus far.

Originally the U.S. Treasury purchased 31 SBA 7(a) securities from 17 different industries, valued at about $368 million. After this deal closes on June 20, the Treasury will still retain its remaining 25 7(a) securities.

The SBA 7(a) Loan Program provides financial assistance to small businesses with specific requirements such as exporting to foreign countries or operating in rural areas. These securities are made up of loans guaranteed by the SBA that pay for business needs such as working capital, equipment, and furniture.

In an effort to stimulate lending to small businesses, the Treasury Department bought the SBA 7(a) securities under the Troubled Asset Relief Program. Since the acquisition, the SBA 7(a) market has recovered to pre-crisis levels.

The Treasury Department is expected to start selling off more of its 7(a) securities as it slowly winds down programs that were established in the wake of the 2008-2009 financial crisis.

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