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Small Business Lending: Barriers And Trends, Zhongcai Zhang, Ziona Austrian
Small Business Lending: Barriers And Trends, Zhongcai Zhang, Ziona Austrian
All Maxine Goodman Levin School of Urban Affairs Publications
In recent years, small-business lending has been discussed widely among the commercial banking community, a reflection of both the growing relative importance of small businesses to the U.S. economy and the fact that large companies have developed the ability to access capital markets directly for debt and equity financing. Although their market share in small-business lending has been eroded in recent years by competition from depository and non-depository financial institutions, commercial banks remain the most frequently used source of financing for small businesses. Accordingly, this paper will focus on commercial banks. At some point during their operating history, most small …