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On SBA-guaranteed lending and economic growth

Ben Craig, William E. Jackson and James Thomson

No 403, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: Increasingly, policymakers are looking to the small business sector as a potential engine of economic growth. Policies to promote small businesses include tax relief, direct subsidies, and indirect subsidies through government lending programs. Encouraging lending to small business is the primary policy objective of the Small Business Administration (SBA) loan-guarantee program. Using a panel data set of SBA-guaranteed loans we assess whether SBA-guaranteed lending has an observable impact on local and regional economic performance.

Keywords: Small Business Administration; Loans; Small business (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (166)

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DOI: 10.26509/frbc-wp-200403

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