Access to external finance for small and medium enterprises is vital for survival and growth of such firms. In this paper we have analyzed the determinants of access to credit in microenterprises of Turkey. We use a unique dataset covering a large sample of microenterprises. We find that size...

The guaranteed lending progams of the Small Business Administration (SBA) are large and growing rapidly. The SBA's fiscal year 2009 Performance Budget call for 28 billion (Dollar) in guaranteed loans for small businesses - a new record for the agency. Some critics of SBA programs suggest they do...