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Small business access to capital: alternative resources bridging the gap

Author

Listed:
  • Susan Longworth
  • Robin G. Newberger

Abstract

Nationwide in the U.S. over the past 15 years, small businesses generated 64 percent of the net new job growth. Small businesses with fewer than 500 employees, a definition used by the Small Business Administration (SBA), represent 99.7 percent of all employer firms, and employ more than half of private sector employees in the United States. Firms with fewer than 50 employees represent 95 percent of all employer firms. Since the recession that began in late 2007, large bank lending to small businesses has fallen by more than 50 percent.

Suggested Citation

  • Susan Longworth & Robin G. Newberger, 2012. "Small business access to capital: alternative resources bridging the gap," Profitwise, Federal Reserve Bank of Chicago, issue May, pages 2-13.
    • Handle: RePEc:fip:fedhpw:y:2012:i:may:p:2-13
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    File URL: http://www.chicagofed.org/digital_assets/publications/profitwise_news_and_views/2012/PNV_May2012_ReEd_FINAL_web.pdf
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    Keywords

    Loans; small business finance;

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