Bank loans to entrepreneurs in rural america

Numerous government programs channel capital into rural communities, assuming that new businesses face major capital shortages in starting up. More such programs are enacted annually. This paper looks at business start-ups in Idaho, Montana and Iowa to see the extent of market failure in rural Ameri...

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Bibliographic Details
Published in:Journal of public budgeting, accounting & financial management accounting & financial management, 1999-10, Vol.11 (3), p.398-416
Main Authors: Buss, Terry F, Yancer, Laura C
Format: Article
Language:English
Subjects:
Accounting
Bank loans
Banking
Banking industry
Banking sector
Banks
Borrowing
Business enterprises
Cities and towns
Congressional committees
Debt financing
Economic conditions
Entrepreneurial finance
Entrepreneurs
Finance
Interest rates
Loans
Manufacturing
Rural areas
Rural development
Small business
Startups
States
Studies
Subsidies
United States
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Summary:Numerous government programs channel capital into rural communities, assuming that new businesses face major capital shortages in starting up. More such programs are enacted annually. This paper looks at business start-ups in Idaho, Montana and Iowa to see the extent of market failure in rural America. Contrary to conventional wisdom, we found capital to be widely available for start-ups, suggesting that government programs are not warranted.
ISSN:1096-3367
1945-1814
DOI:10.1108/JPBAFM-11-03-1999-B004