SBA-Loan Guarantees and Local Economic Growth
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چکیده
منابع مشابه
SBA Guaranteed Lending and Local Economic Growth
Increasingly, policymakers look to the small business sector as a potential engine of economic growth. Policies to promote small businesses include tax relief, direct subsidies, and indirect subsidies through government lending programs. Encouraging lending to small business is the primary policy objective of the Small Business Administration’s (SBA) loan-guarantee program. Using a panel data s...
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R ecently, there has been a trend toward loan guarantee programs over other programs that support the credit market. From 1970 to 1998, the real value of outstanding federal loan guarantees rose at an accelerated pace, while the real value of direct loans, the other major government loan program, has remained about the same (see Figure 1). In particular, the Small Business Administration (SBA),...
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The opinions and recommendations of the authors of this study do not necessarily reflect official positions of the SBA or other agencies of the U.S. government. Executive Summary The long expansion, two recessions, and financial disruptions affected businesses of all sizes over the past dozen years. Small businesses may be particularly exposed to recessions, banking conditions, and monetary pol...
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Finance and Growth at the Firm Level: Evidence from SBA Loans* We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history, and with instrumental variables capturi...
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Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded offi cial Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Ban...
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تاریخ انتشار 2005