In an effort to provide relief in response to the COVID-19 pandemic, Congress charged the Small. Business Administration (SBA) with the task of administering a variety of credit programs, in part with the help and guidance of the US Department of the Treasury.Unfortunately, not only is the SBA...

Supporters of the Small Business Administration's loan program argue that it is necessary because traditional sources of credit do not provide loans for the purposes, in the amounts, and with the terms required by small business borrowers. However, a large economic literature dismisses this...