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Why Did Small Business Fintech Lending Dry Up During March 2020?

Ben-David, Itzhak; Johnson, Mark J.; Stulz, René M. - National Bureau of Economic Research - 2021

With the onset of the COVID-19 crisis in March 2020, small business lending through fintech lenders collapsed. We explore the reasons for the market shutdown using detailed data about loan applications, offers, and take-up from a major small business fintech credit platform. We document that...

Persistent link: https://www.econbiz.de/10012629425

Big Loans to Small Businesses : Predicting Winners and Losers in an Entrepreneurial Lending Experiment

Bryan, Gharad; Karlan, Dean; Osman, Adam - National Bureau of Economic Research - 2021

We experimentally study the impact of substantially larger enterprise loans, in collaboration with an Egyptian lender …

Persistent link: https://www.econbiz.de/10012629531

Risk-Taking and Monetary Policy Transmission : Evidence from Loans to SMEs and Large Firms

Caglio, Cecilia R.; Darst, R. Matthew; Kalemli-Ozcan, Sebnem - National Bureau of Economic Research - 2021

market. First, private SMEs typically utilize all available bank credit which comprises their entire balance sheet debt …, compared to large listed firms who can switch between corporate bonds and drawing from credit lines. Second, SMEs borrow … shorter maturity and pay higher interest rates relative to large publicly listed firms. Third, SMEs more frequently use future …

Persistent link: https://www.econbiz.de/10012510563

The Big Tech Lending Model

Liu, Lei; Lu, Guangli; Xiong, Wei - National Bureau of Economic Research - 2022

By comparing uncollateralized business loans made by a big tech lending program with conventional bank loans, we find that big tech loans tend to be smaller and have higher interest rates and that borrowers of big tech loans tend to repay far before maturity and borrow more frequently. These...

Persistent link: https://www.econbiz.de/10013334379

After the Storm : How Emergency Liquidity Helps Small Businesses Following Natural Disasters

Collier, Benjamin L.; Howell, Sabrina T.; Rendell, Lea - National Bureau of Economic Research - 2024

Does emergency credit prevent long-term financial distress? We study the causal effects of government-provided recovery loans to small businesses following natural disasters. The rapid financial injection might enable viable firms to survive and grow or might hobble precarious firms with more...

Persistent link: https://www.econbiz.de/10014528366

Is the Decline in the Number of Community Banks Detrimental to Community Economic Development?

Minton, Bernadette A.; Taboada, Alvaro G.; Williamson, Rohan - National Bureau of Economic Research - 2024

Our research examines the impact of dwindling community bank numbers on community investment and economic development. Initially, we confirm the vital role of community banks' small business lending in local development. Contrary to popular belief, we find that a decrease in community banks...

Persistent link: https://www.econbiz.de/10014544798

Investing in Bank Lending Technology : IT Spending in Banking

He, Zhiguo; Jiang, Sheila; Xu, Douglas; Yin, Xiao - National Bureau of Economic Research - 2022

This paper studies the economics behind the investment in information technologies (IT) by U.S. commercial banks in the past decade. By linking banks' IT spending to their lending technologies, we analyze the distinctive natures of banks' dealings with information across various lending...

Persistent link: https://www.econbiz.de/10013362057