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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
On SBA-guaranteed lending and economic growth
Ben R. Craig
William E. Jackson
James B. Thomson

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.

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Ben R. Craig & William E. Jackson & James B. Thomson, On SBA-guaranteed lending and economic growth, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 0403, 2004.
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Keywords: Small Business Administration ; Loans ; Small business
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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