business lending: industry specialization. Using data on all Small Business Administration 7(a) loans from 2001-2017, we … entry of a remote, specialized lender to estimate the impact of specialized lending on credit access. Entry significantly … can deepen credit markets by providing new loans to low-risk but underfinanced small businesses …

variation in bank specialization. We further show that these heterogeneous effects arise through financial contracting. Overall …, our findings provide novel insights into the dual facets of bank specialization and, more broadly, the link between …Theory offers conflicting predictions on whether and how lenders' sectoral specialization would affect firms …

businesses who already have access to bank credit. Firms use FinTech to obtain long-term unsecured loans and reduce their …We show that FinTech lending affects credit markets and real economic activity using a unique data set of a Peer … increase leverage and substitute long-term bank debt with FinTech debt. Our findings suggest that FinTech allows firms to …

contained in the June bank Call Reports, we find that small commercial and industrial (C&I) loans add value to community banks …

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 …

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 …