Financing Small Business in America

Debt Capital in a Global Economy

Roger E. Hamlin, Thomas S. Lyons

• Publisher: Bloomsbury Publishing
• Year: 2003
• eBook ISBN: 9780313057151
• Edition: 0
• Topic: Business
• Subtopic: Business General
• Index: Business

Examining the role of the public sector in small-business debt-capital formation, this book describes current approaches, conceptually and pragmatically, and evaluates their advantages and disadvantages from a variety of perspectives. It also suggests a model for improving our approach to small business capital formation in the United States. Financing small business creation and expansion has always been difficult. Private debt capital providers tend to avoid small business because the latter are preceived to be too risky. Yet because of the importance of small businesses to national economic growth, stability, and innovation, ensuring that these businesses can obtain and effectively use appropriate levels of debt capital is vital to national well-being. How, and to what extent, should the public sector intervene in the debt capital markets to ensure that sufficient capital flows to small businesses? This book is an attempt to answer that question.

Table of contents

• Contents
• Illustrations
• Introduction
• 1. U.S. Small Businesses and the Global Economy
• 2. The Importance of Debt Capital to Small Business
• 3. Current Approaches to Debt-Capital Formation: Micro- and Direct Lending Programs
• 4. Indirect Approaches to Leveraging Private Capital
• 5. Summary and Conclusion
• Index