Small-business financing after the financial crisis – lessons from the literature

David Wille, Adam Hoffer and Stephen Matteo Miller

Journal of Entrepreneurship and Public Policy, 2017, vol. 6, issue 3, 315-339

Abstract: Purpose - The purpose of this paper is to examine the status of small-business lending following the recession. Design/methodology/approach - The authors survey the literature and analyze recent surveys of small-business lending. Findings - The results reinforce the importance of owner equity as a primary source of small-business financing. In addition, the authors find that small firms have been seeking and obtaining less capital since the 2008 financial crisis. Research limitations/implications - The findings about the main sources of small-business financing will be informative when formulating financial regulation. Social implications - The available evidence suggests that new regulation of the financial services industry may be restricting access to products that small-business owners rely on and may adversely affect small banks. Originality/value - The authors offer the most recent analysis of small-business financing, focusing on changes that may have been caused by the recession and major financial regulations.

Keywords: Small business; Financing; Entrepreneurship; Lending; Recession (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jepppp:jepp-d-17-00005

DOI: 10.1108/JEPP-D-17-00005

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