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Small Loans Make or Break Subprime Business Borrowers
Lending as little as $11,000 to small-business owners who are unable to get conventional bank loans can dramatically boost their companies’ rates of survival, sales, and employment growth through their first five years. That’s the key finding of a new study by a group of researchers including McCombs’ Cesare Fracassi and Shimon Kogan, who examined data from the San Antonio–based microfinance institution Acción Texas.
