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Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....
Persistent link: https://www.econbiz.de/10009786960
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 …
Persistent link: https://www.econbiz.de/10013004055
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 …
Persistent link: https://www.econbiz.de/10013016226
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 …
Persistent link: https://www.econbiz.de/10011309136
margin. This study contributes valuable insights into the efficacy of public credit support programs during crises …
Persistent link: https://www.econbiz.de/10014368450
declined by 5.4% and remained lower for several years. The decline in credit supply eventually led to a decrease in the number … credit supply shocks can have persistent adverse effects on labor …
Persistent link: https://www.econbiz.de/10013405115
declined by 5.4% and remained lower for several years. The decline in credit supply eventually led to a decrease in the number … credit supply shocks can have persistent adverse effects on labor …
Persistent link: https://www.econbiz.de/10014255173
the impact of a large credit support program deployed in Peru in 2020 (Reactiva Peru'). We examined real outcomes such as …
Persistent link: https://www.econbiz.de/10015073299
The Main Street Lending Program (MSLP) was established by the Federal Reserve to supply credit to small and, especially …
Persistent link: https://www.econbiz.de/10013474029
stable finance. One efficient way to promote SME financing is through credit guarantee schemes, where the government … guarantees a portion (ratio) of a loan provided by a bank to an SME. This research provides a theoretical model and an empirical … analysis of factors that determine optimal credit guarantee ratio. The ratio should be able to fulfill the government's goal of …
Persistent link: https://www.econbiz.de/10011522082