Advanced Search
MyIDEAS: Login to save this article or follow this journal

Why Have Lending Programs Targeting Disadvantaged Small Business Borrowers Achieved So Little Success in the United States?

Contents:

Author Info

  • Timothy Bates

    ()
    (Wayne State University, Detroit, MI, USA)

  • Magnus Lofstrom

    (Public Policy Institute of California, San Francisco, CA, USA)

  • Lisa J. Servon

    (New School University, New York, NY, USA)

Abstract

Small business lending programs designed to move disadvantaged low-income people into business ownership have been difficult to implement successfully in the U.S. context. Based in part on the premise that financing requirements are an entry barrier limiting the ability of aspiring entrepreneurs to create small businesses, these programs are designed to alleviate such barriers for low net-worth individuals with limited borrowing opportunities. The authors’ analysis tracks through time nationally representative samples of adults to investigate the role of financial constraints and other factors delineating self-employment entrants from nonentrants. Paying particular attention to lines of business most accessible to adults lacking college credentials and substantial personal net worth, the authors’ analysis yields no evidence that financial capital constraints are a significant barrier to small-firm creation.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://edq.sagepub.com/content/25/3/255.abstract
Download Restriction: no

Bibliographic Info

Article provided by in its journal Economic Development Quarterly.

Volume (Year): 25 (2011)
Issue (Month): 3 (August)
Pages: 255-266

as in new window
Handle: RePEc:sae:ecdequ:v:25:y:2011:i:3:p:255-266

Contact details of provider:

Related research

Keywords: bootstraps; micro-lending; entrepreneurship;

Other versions of this item:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:25:y:2011:i:3:p:255-266. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.