.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 capturing ease of access to SBA … constraints impede small business growth prior to loan receipt. We also investigate the variation in estimated employment effects …

.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list … years of employment history and other variables. The results imply positive average effects on loan recipient employment of …

that the largest 5% account for over half of cohort employment at firm birth and more than two-thirds at firm age 7. Little …