Small Business Lending and the Great Recession

39 Pages Posted: 31 Jan 2020

See all articles by Jason Dietrich

Jason Dietrich

Consumer Financial Protection Bureau

Karl Schneider

Consumer Financial Protection Bureau

Chris Stocks

Consumer Financial Protection Bureau

Date Written: January 16, 2020

Abstract

This Data Point article focuses on small business credit, examining patterns in small business lending (SBL) and the sources of this lending among depository institutions pre-Great Recession (2004-2007), through the Great Recession (2008-2009), and then throughout the post-Great Recession Recovery period (2010-2017). 2 Unlike previous studies of small business credit, we drill down to analyze variation in lending and sources of lending across a number of different community characteristics. What becomes clear from this granular analysis is the significant variation in impacts of the Great Recession and the Recovery on different geographies.

This report offers a descriptive story of small business lending during these three time periods, which illustrates the geographic landscape and variation of this lending. This contributes to the efforts that the Bureau, other government agencies, and private industry are making to improve access to credit. The following analysis will feature descriptive statistics and discussion of trends, primarily through a geographic lens, to explore variation across the country during and after the Great Recession. Any discussion of causes of the Great Recession, or any causal linkages between the trends observed in small business lending and other economic activity during or after the Great Recession itself, are outside the scope of this report.

Suggested Citation

Dietrich, Jason and Schneider, Karl and Stocks, Chris, Small Business Lending and the Great Recession (January 16, 2020). Consumer Financial Protection Bureau Office of Research Reports Series No. 20-1, Available at SSRN: https://ssrn.com/abstract=3526262

Jason Dietrich (Contact Author)

Consumer Financial Protection Bureau ( email )

United States

Karl Schneider

Consumer Financial Protection Bureau ( email )

United States

Chris Stocks

Consumer Financial Protection Bureau ( email )

United States

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