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Small business finance in two Chicago minority neighborhoods

Author

Listed:
  • Philip Bond
  • Paul Huck
  • Sherrie L. W. Rhine
  • Robert M. Townsend

Abstract

The authors use survey data to measure the use of formal and informal sources of financing by owners of small businesses in two ethnic neighborhoods. The authors find substantial differences across ethnic groups in the amount of start-up funding obtained and in the use of trade credit.

Suggested Citation

  • Philip Bond & Paul Huck & Sherrie L. W. Rhine & Robert M. Townsend, 1999. "Small business finance in two Chicago minority neighborhoods," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 23(Q II), pages 46-62.
    • Handle: RePEc:fip:fedhep:y:1999:i:qii:p:46-62:n:v.23no.2
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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1999/ep2Q99_4.pdf
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    References listed on IDEAS

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    2. Robert M. Townsend & Jacob Yaron, 2001. "The credit risk-contingency system of an Asian development bank," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q III), pages 31-48.
    3. Christy Chung Hevener, 2006. "Alternative financial vehicles: rotating savings and credit associations (ROSCAs)," Community Affairs Discussion Paper 06-01, Federal Reserve Bank of Philadelphia.
    4. Aaronson, Daniel & Bostic, Raphael W. & Huck, Paul & Townsend, Robert, 2004. "Supplier relationships and small business use of trade credit," Journal of Urban Economics, Elsevier, vol. 55(1), pages 46-67, January.
    5. Giné, Xavier, 2011. "Access to capital in rural Thailand: An estimated model of formal vs. informal credit," Journal of Development Economics, Elsevier, vol. 96(1), pages 16-29, September.
    6. Daniel Aaronson & Paul Huck & Robert M. Townsend, 2000. "Small business access to trade credit: some evidence of ethnic differences," Proceedings 672, Federal Reserve Bank of Chicago.
    7. Robertson K. Tengeh & Linus Nkem, 2017. "Sustaining Immigrant Entrepreneurship in South Africa: The Role of Informal Financial Associations," Sustainability, MDPI, vol. 9(8), pages 1-16, August.

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    Small business; Chicago (Ill.);

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