Commercial lending distance and historically underserved areas

被引：16

作者：

DeYoung, Robert ^{[1
]}

Frame, W. Scott ^{[2
]}

Glennon, Dennis ^{[3
]}

McMillen, Daniel P. ^{[4
]}

Nigro, Peter ^{[5
]}

机构：

[1] Univ Kansas, KU Sch Business, Summerfield Hall,1300 Sunnyside Ave, Lawrence, KS 66045 USA

[2] Fed Reserve Bank Atlanta, Atlanta, GA 30309 USA

[3] Off Comptroller Currency, Washington, DC 20219 USA

[4] Univ Illinois, Chicago, IL 60607 USA

[5] Bryant Univ, Smithfield, RI 02917 USA

来源：

JOURNAL OF ECONOMICS AND BUSINESS | 2008年 / 60卷 / 1-2期

关键词：

Small business loans; Borrower-lender distance; Low income borrowers; Credit scoring;

D O I：

10.1016/j.jeconbus.2007.08.004

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We document a substantial and accelerating increase in the distance between small business borrowers and their lenders during the 1990s, based on a large random sample of U.S. Small Business Administration loans. Importantly, this increase was disproportionately large for borrowers located in low-income and minority neighborhoods. These phenomena are coincident in time with the adoption of credit scoring models, and we find indirect evidence consistent with this link. Our results suggest that automated lending processes have facilitated lender entry into local markets and have, at the margin, increased small business credit access in historically underserved markets. (C) 2007 Elsevier Inc. All rights reserved.

引用

页码：149 / 164

页数：16