caa a22 4500 445877677 CHVBK 20180317145532.0 cr unu---uuuuu 170323e20111001xx s 000 0 eng 10.1007/s11187-009-9243-1 doi (NATIONALLICENCE)springer-10.1007/s11187-009-9243-1 Lending technologies, lending specialization, and minority access to small-business loans [Elektronische Daten] [Karlyn Mitchell, Douglas Pearce] We investigate minority access to small-business loans using a probit model of loan application denial that recognizes two loan types (line-of-credit loans and non-line-of-credit loans) made by two lender types (commercial banks and nonbank financial institutions). We estimate our model on data from the 1998 Survey of Small Business Finances. We find evidence consistent with minority equal access to bank credit lines and nonbank non-line-of-credit loans in highly competitive loan markets; in less competitive markets we find evidence consistent with unequal access to these loans. We also find evidence consistent with unequal minority access to bank non-line-of-credit loans, regardless of loan market competitiveness. Our findings differ from previous research which treats small-business loans as a homogenous product and finds evidence consistent with unequal minority access to small-business loans generally. We argue that the existence of multiple small-business lending technologies and loan specialization by lenders account for our findings and demonstrate the need to treat small-business loans as a heterogeneous product when investigating equal access to small-business credit. Springer Science+Business Media, LLC., 2009 Small-business loans nationallicence Lending technologies nationallicence Lending specialization nationallicence Relationship lending nationallicence Fair lending nationallicence Discrimination nationallicence Asymmetric information nationallicence SME finance nationallicence Mitchell Karlyn North Carolina State University, Raleigh, NC, USA aut Pearce Douglas North Carolina State University, Raleigh, NC, USA aut Small Business Economics Springer US; http://www.springer-ny.com 37/3(2011-10-01), 277-304 0921-898X 37:3<277 2011 37 11187 https://doi.org/10.1007/s11187-009-9243-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11187-009-9243-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Mitchell Karlyn North Carolina State University, Raleigh, NC, USA aut NATIONALLICENCE 700 1- Pearce Douglas North Carolina State University, Raleigh, NC, USA aut NATIONALLICENCE 773 0- Small Business Economics Springer US; http://www.springer-ny.com 37/3(2011-10-01), 277-304 0921-898X 37:3<277 2011 37 11187 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer