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Are SBA Loan Guarantees Desirable?

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Over the last 10 years, the Small Business Administration has been responsible for well over $100 billion in small business credit extensions, more than any single private lender. This Commentary explores the motivations for such a large investment of taxpayer dollars.

Over the last 10 years, the Small Business Administration has been responsible for well over $100 billion in small business credit extensions, more than any single private lender. This Commentary explores the motivations for such a large investment of taxpayer dollars.


Suggested citation: Craig, Ben R., William E. Jackson III, and James B. Thomson, 2004. "Are SBA Loan Guarantees Desirable?" Federal Reserve Bank of Cleveland, Economic Commentary, 09.15.2004.

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