Finance and Growth at the Firm Level: Evidence from SBA Loans

CFA Digest
November 2017 | Vol. 47 | No. 11
Source: CFA Institute
J. David Brown John S. Earle
Karl Strauss, CFA (Reviewer)



Access to financial capital should allow firms to grow. The Small Business Administration (SBA) provides such financing to achieve its strategic goals of growing businesses and creating jobs. Measuring the effect SBA loans have on business expansion may signal to analysts an estimated outcome for firms similar to that for firms receiving SBA loans.

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