SBA's Advocacy Publishes New Lending Research

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The Office of Advocacy has released two items of lending research.

The Small Business Quarterly Lending Bulletin for second quarter 2012 shows that U.S. economic activity increased in the first half of 2012 at a slower pace than at the end of 2011, and total lending to small firms inched downward. The decline was generated primarily by commercial real estate loans; in general, the climate was supportive of economic growth.

A new report, How Did the Financial Crisis Affect Small Business Lending in the United States?, by Rebel Cole, uses data from numerous sources for the period 1994-2011 to analyze lending to U.S. firms. It finds that bank lending to businesses declined significantly after the crisis, and small firms were affected more than large ones. The study was written under contract to Advocacy. The author of the study, Rebel Cole, is a professor of finance in the Kellstadt College of Commerce at DePaul University in Chicago, Illinois. Please note that the report examines total small business lending and does not distinguish SBA lending from total lending.

Should you need further information, please feel free to contact Advocacy Economist Victoria Williams at (202) 205-6533 or advocacy@sba.gov.

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