Borrowing Patterns for Small Firms: A Comparison by Race and Ethnicity

Susan Coleman
Additional contact information
Susan Coleman: University of Hartford

Journal of Entrepreneurial Finance, 2002, vol. 7, issue 3, 77-98

Abstract: This article explores the use of debt capital by small firms using data from the 1998 Survey of Small Business Finances. An examination of the data reveals differences in the characteristics and borrowing experience of small firms by race and ethnicity. Results indicate that although minority firm owners were just as likely to apply for loans, they were significantly less likely to be approved for them. Further, black small business owners were less likely to even bother applying for a loan, because they assumed they would be denied. These findings have implications for the ability of minority small business owners to grow their firms and contribute to the economic well-being of their communities.

Keywords: Small Firms; Borrowing Patterns; Borrowing; Lending; Race; Ethnicity (search for similar items in EconPapers)
JEL-codes: G21 J15 M13 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://jefsite.org/RePEc/pep/journl/jef-2002-07-3-g-coleman.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pep:journl:v:7:y:2002:i:3:p:77-98

Access Statistics for this article

More articles in Journal of Entrepreneurial Finance from Pepperdine University, Graziadio School of Business and Management Contact information at EDIRC.
Bibliographic data for series maintained by Craig Everett ().