Learning‐by‐lending and learning‐by‐repaying: A two‐sided learning model for defaults on Small Business Administration loans

2021 ◽  
Author(s):  
Pankaj C. Patel ◽  
Mike G. Tsionas
Keyword(s):  
Small Business ◽  
Learning Model ◽  
Business Administration ◽  
Small Business Administration

An Analysis of Small Business Administration's Surety Bond Guarantee Program

1977 ◽  
Vol 2 (1) ◽  
pp. 1-11
Author(s):  
Lalit Gadhia ◽  
Jack J. Tawil
Keyword(s):  
Small Business ◽  
Business Administration ◽  
Small Business Administration ◽  
Federal State ◽  
Construction Costs ◽  
Trade Off ◽  
State And Local Government ◽  
State And Local ◽  
The Cost ◽  
Government Construction

This paper reviews the performance of the Surety Bond Guarantee Program of the Small Business Administration in terms of its impact on small and minority contractors, Federal, state and local government construction costs, employment, and the cost to the taxpayer. With a formalized model, it identifies conditions under which sureties have an incentive to use the program to bond conventionally bondable contractors, and demonstrates how SBA can alter variables within its control to remove these conditions, taking into account the trade-off between discouraging bondable and encouraging unbondable contractors’ participation in the program.

Accounting and Marketing—Key Small Business Problems

1983 ◽  
Vol 7 (4) ◽  
pp. 19-26 ◽  
Author(s):  
Henry Wichmann
Keyword(s):  
United States ◽  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
The United States ◽  
Business Administration ◽  
Small Business Administration ◽  
Business Failure ◽  
Business Managers

The Small Business Administration (SBA) estimates that small businesses represent 97 percent of all businesses in the United States [5, p. 1]. The SBA defines a small business as “one that is not dominate in its field.” While the ma and pa shops fall within this definition, much larger firms are considered small under SBA criteria. The owner-managers of these small firms face unique problems—success or failure is keyed to solving these problems. Each year in the United States, some 500,000 new businesses start and 400,000 businesses discontinue operations [1, p. 47]. These discontinuances are not all due to business failure (a bankrupt firm). Some small firms are merged with larger companies, while the spark of life leaves other small firms because the owner retires without a son or daughter to take over the reins of leadership. The purpose of this article is to aid small business managers by (1) reviewing the process of beginning a business, (2) identifying some of the attributes that characterize a successful or unsuccessful small business, and (3) discussing small firms’ problems common to the frontier states of Alaska and Wyoming.

scholarly journals How Well Did PPP Loans Reach Low- and Moderate-Income Communities?

2021 ◽  
pp. 1-5
Author(s):  
Garrett Borawski ◽  
Mark Schweitzer
Keyword(s):  
Small Business ◽  
American Indian ◽  
Alaska Native ◽  
Small Businesses ◽  
Business Administration ◽  
Small Business Administration ◽  
Census Tracts

We investigate the degree to which Paycheck Protection Program (PPP) loans reached small businesses in low- and moderate-income (LMI) communities. We use PPP loan data from the Small Business Administration that we geocode and link to census tracts. We assess the program’s reach in a few ways and focus on the number of loans, rather than the amount of funds, that went to different areas in order to capture the program’s impact on businesses with fewer than 50 employees—the vast majority of small businesses. We find evidence that the program did have a broad reach within LMI communities, but that it reached higher-income communities to a greater extent and areas with Black, Hispanic, and American Indian or Alaska Native majorities to a lesser extent.

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