Intrametropolitan patterns of small-business lending: what do the new community reinvestment act data reveal?
By: Immergluck, Daniel.
Material type:
ArticlePublisher: 1999Description: p.787-804.Subject(s): Small enterprises | Banks
In:
Urban Affairs ReviewSummary: Discrimination and redlining in business lending have been cited as contributing to economic decline in lower-income neighborhoods. Until recently, bank regulators have not collected geographic data on business loans. Using new data collected by regulators, the author measures small-business lending flows to different types of neighbourhoods in the Chicago metropolitan area. Although data limitations preclude a definitive finding of differential access to credit, lower-income and minority neighborhoods areas receive fewer loans after accounting for firm density, firm size, and industrial mix, findings that support the notion of geographic and/or race-based discrimination in marketing or approving loans. - Reproduced
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Articles
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Indian Institute of Public Administration | Volume no: 34, Issue no: 6 | Available | AR42863 |
Discrimination and redlining in business lending have been cited as contributing to economic decline in lower-income neighborhoods. Until recently, bank regulators have not collected geographic data on business loans. Using new data collected by regulators, the author measures small-business lending flows to different types of neighbourhoods in the Chicago metropolitan area. Although data limitations preclude a definitive finding of differential access to credit, lower-income and minority neighborhoods areas receive fewer loans after accounting for firm density, firm size, and industrial mix, findings that support the notion of geographic and/or race-based discrimination in marketing or approving loans. - Reproduced
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