SBA-Loan Guarantees and Local Economic Growth
Working paperPublished 1 April 2005Open access
Ben R. Craig, William E. Jackson, James B. Thomson
Citations20
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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
Business, Management and Accounting