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On SBA-guaranteed lending and economic growth

Author

Listed:
  • Ben R. Craig
  • William E. Jackson
  • James B. Thomson
Abstract
Increasingly, policymakers are looking 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 (SBA) loan-guarantee program. Using a panel data set of SBA-guaranteed loans we assess whether SBA-guaranteed lending has an observable impact on local and regional economic performance.

Suggested Citation

  • Ben R. Craig & William E. Jackson & James B. Thomson, 2004. "On SBA-guaranteed lending and economic growth," Working Papers (Old Series) 0403, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:0403
    DOI: 10.26509/frbc-wp-200403
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    References listed on IDEAS

    as
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    11. Ben R. Craig & James B. Thomson, 2001. "Federal Home Loan Bank lending to community banks: are targeted subsidies necessary?," Working Papers (Old Series) 0112, Federal Reserve Bank of Cleveland.
    12. Cole, Rebel A. & Goldberg, Lawrence G. & White, Lawrence J., 2004. "Cookie Cutter vs. Character: The Micro Structure of Small Business Lending by Large and Small Banks," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 39(2), pages 227-251, June.
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    Keywords

    Small Business Administration; Loans; Small business;
    All these keywords.

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