Financial Services Used by Small Businesses: Evidence from the 1993 National Survey of Small Business Finances

By Rebel A. Cole, John D. Wolken. 2001

362 citations recorded by the source corpus.

Using newly available data from the 1998 Survey of Small Business Finances, this article offers preliminary findings regarding the characteristics of small businesses in the United States and their use of credit and other financial services. The main goals of the survey are to provide information on credit accessibility for small businesses, their use of financial services, and the sources of those services. The survey also provides a general-purpose database that can be used to study small business financing. Preliminary findings suggest that although the financial landscape has changed markedly since the previous survey in 1993, financing patterns and the use of particular suppliers have not.

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Citations in the corpus

Are good or bad borrowers discouraged from applying for loans? Evidence from US small business credit markets (2009, background): “Banks are the most important and comprehensive provider of financial services for small businesses (Bilter et al. 2001).”
Measuring the Default Risk of Small Business Loans: A Survival Analysis Approach (2005, background): “Elliehausen and Wolken (1990) and Cole and Wolken (1995) examine survey data from two separate National Survey of Small Business Finance during this time period and find that banks are the primary providers of credit to small businesses.”
How does owners’ exposure to idiosyncratic risk influence the capital structure of private companies? (2008, unknown): “For example, Cavalluzzo et al. (2002) look at the influence of gender, race and ethnicity, and Berkowitz and White (2004) consider the effect of bankruptcy law.”
Who Needs Credit and Who Gets Credit? Evidence from the Surveys of Small Business Finances (2016, unknown): “See Elliehausen and Wolken (1990) for a detailed description of the 1987 survey, Cole and Wolken (1995) for a detailed description of the 1993 survey, Bitler, Robb and Wolken (2001) for a detailed description of the 1998 survey, and Mach and Wolken (2006) for a detailed description of the 2003 sur”
Small and Medium-Sized Enterprises Financing: A Review of Literature (2013, background): “A large body of the existing literature has documented that banks are the main external capital provider for SMEs sector in both developed and developing countries (Vera & Onji, 2010; Ono & Uesugi, 2009; Zhou, 2009; Wu et al., 2008; Carey & Flynn, 2005; Cole & Wolken 1995).”
Digital financial capability and entrepreneurial performance (2021, background): “As a matter of fact, many studies point out the role of entrepreneur’s personal credit as important supplement of business liquidity (Cole & Wolken, 1995).”
What Do We Know about the Capital Structure of Privately Held US Firms? Evidence from the Surveys of Small Business Finance: What Do We Know about the Capital Structure of Privately Held US Firms? (2012, unknown): “Therefore, I also analyze the ratio of total loans to total assets, which, for my firms, 10 See Cox, Elliehausen, and Wolken (1989), Cole and Wolken (1995), Bitler, Robb, and Wolken (2001), and Mach and Wolken (2006) for detailed descriptions of the 1987, 1993, 1998, and 2003 surveys, respectively.”