Finally, firms that applied for and were extended credit are approved borrowers. The results here reveal strong and significant differences among each of these four groups of firms. Nonborrowers look very much like approved borrowers, consistent with the pecking-order theory of capital structure. ...
retail trades $29.4 billion).The insurance and financial services sector ranked 12th from the top with 60,134 firms approved for a total of $8.2 billion, or 2.3% of the total.About 74% of the loans are $150,000 or less, while 15% are between $150,000 and $350,000.California had 1...
Levy, Art