Bank Types, Inclusivity, and Payroll Protection Program Lending During COVID-19

نویسندگان

چکیده

How do differences in bank or lending institution type shape access to credit for small businesses poor and/or minority communities the United States? Banking systems are populated by lenders that differ qualitatively their organizational forms, business models and missions, connect—or fail connect—to borrowers local divergent ways. The authors analyze data on Paycheck Protection Program its over 11 million loans made across States trace how these shaped flow of communities. find substantial seven lender types, both propensities avoid lend firms traditionally marginalized communities, much they majority–minority relative nonpoor majority White counterparts. From this variety within American banking, identify two potential pathways more inclusive lending.

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ژورنال

عنوان ژورنال: Economic Development Quarterly

سال: 2023

ISSN: ['1552-3543', '0891-2424']

DOI: https://doi.org/10.1177/08912424231163485