Small business loans packaged into bonds and sold through investment banks are little-known bargains, a Wachovia analyst says. The deals may be hard to find, but they're a steal.
Small business loans have always been one of the lesser known, more thinly traded asset class in structured finance, with the result that they trade on par with bonds backed by subprime debt even though their performance over the past 20 years has been stellar. But according to Inna Koren, Wachovia Securities consumer and small business asset-backed securities analyst, the sector is poised