availability of credit to small businesses which has been further fueled by empirical studies that partly confirm a reduction in …

; small loans ; consumer credit ; usury laws …

bank and a crowdlending platform and show that the entry of crowdlending can induce a switching effect as well as a credit …

play a beneficial role in the presence of private credit market frictions, especially when financial constraints are severe …

credit conditions in a county affect small businesses in that county across different size groups. We find that positive … shocks to the county credit environment stimulate the growth of relatively larger firms, but crowd out micro firms. To … to which banks in a county receive liquidity shocks through branch networks in other counties. Consistent with the credit …

imply an increase of 3 to 3.5 jobs for each million dollars of loans, suggesting real effects of credit constraints …. Estimated impacts are stronger for younger and larger firms and when local credit conditions are weak, but we find no clear …

lenders. The estimation results imply an increase of 3-4 jobs for each million dollars of loans, suggesting that credit … for the SBA 504 versus 7(a) programs, and with respect to the business cycle, local credit conditions, and within …

Business Administration (SBA) 7(a) program. Intended only for the most credit-constrained small businesses, SBA loans are …

business lending during the global financial crisis. The decline in business credit was driven by increased risk overhang … elasticities suggestive of credit rationing (consistent with an increase in lender risk aversion). Nevertheless, we identify a …