SBA-loan guarantees and local economic growth

Ben Craig, William E. Jackson and James Thomson

No 503, 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; Economic development; Loans; Small Business Administration (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-cfn, nep-ent and nep-geo
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:0503

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DOI: 10.26509/frbc-wp-200503

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