When credit application experiences are examined, minority-owned small firms are not the discouraged borrowers that … credit outcome studies generally suggest. This paper examines repeated application for credit by small firms. Univariate … statistical analysis reveals that persistence is necessary but insufficient for minority firms to be successful credit applicants …

shorter maturity credit lines than large firms; (ii) have less active maturity management and therefore frequently have … expiring credit; (iii) post more collateral on both credit lines and term loans; (iv) have higher utilization rates in normal … recession. Consistent with the theory, the increase in bank credit in 2020:Q1 and 2020:Q2 came almost entirely from drawdowns by …