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The Economic Impact Of The Small Business Administrations Intervention In The Small Firm Credit Market: A Review Of The Research Literature

机译:小企业管理干预小企业信贷市场的经济影响:研究文献综述

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摘要

The guaranteed lending programs of the Small Business Administration (SBA) are large and growing rapidly. The SBA's fiscal year 2009 Performance Budget calls for $28 billion in guaranteed loans for small businesses-a new record for the agency. Some critics of SBA programs suggest they do not help small businesses or overall economic performance. Other critics suggest that these programs unfairly benefit the financial institutions that participate in SBA's guaranteed lending programs. Whereas very little serious empirical evidence exists on whether the net economic impact of the SBA's guaranteed lending programs is positive or negative, a few recent studies provide some insight into the question. In general, they suggest a small positive impact of the SBA's programs on economic performance. However, the results are very tentative and further research is needed to declare a more definitive position. We provide a general overview of the SBA's guaranteed lending programs and summarize the results of these studies.
机译:小型企业管理局(SBA)的担保贷款计划规模庞大且发展迅速。 SBA的2009财政年度绩效预算要求为小企业提供280亿美元的担保贷款,这是该机构的新纪录。对SBA计划的一些批评家认为,这些计划不会帮助小型企业或整体经济表现。其他批评者认为,这些计划不公平地使参与SBA担保贷款计划的金融机构受益。尽管很少有关于SBA担保贷款计划的净经济影响是正面还是负面的严重的经验证据,但最近的一些研究提供了对该问题的一些见解。总体而言,他们认为SBA计划对经济绩效的影响很小。但是,结果是非常初步的,需要进一步研究以声明更明确的立场。我们提供了SBA担保贷款计划的一般概述,并总结了这些研究的结果。

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