Total small business loan volume | Small business loan for businesses with gross revenues less than $1 million | Small business loan for businesses with gross revenues more than $1 million | |||||||
---|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
SBLoan | SBLoan | SBLoan | SBLoan1 | SBLoan1 | SBLoan1 | SBLoan2 | SBLoan2 | SBLoan2 | |
Treated*DFA | − 0.941*** | − 0.928*** | − 0.586*** | − 0.235*** | − 0.234*** | − 0.033* | − 0.195*** | − 0.196*** | 0.007 |
(− 51.388) | (− 51.543) | (− 32.475) | (− 18.138) | (− 19.054) | (− 1.862) | (− 16.862) | (− 17.862) | (0.425) | |
Population | 0.890*** | 0.893*** | 0.895*** | 0.881*** | 0.892*** | 0.892*** | 0.972*** | 0.978*** | 0.978*** |
(56.357) | (54.393) | (53.690) | (53.577) | (50.847) | (50.861) | (66.149) | (64.003) | (63.756) | |
DebtoIncome | 0.005 | 0.002 | − 0.020 | 0.059*** | 0.058*** | 0.050*** | − 0.075*** | − 0.074*** | − 0.082*** |
(0.335) | (0.130) | (− 1.284) | (3.944) | (3.823) | (3.244) | (− 5.973) | (− 5.562) | (− 6.017) | |
Income | 0.613*** | 0.569*** | 0.551*** | 0.430*** | 0.380*** | 0.376*** | 1.110*** | 1.088*** | 1.081*** |
(8.181) | (7.389) | (7.015) | (5.305) | (4.569) | (4.498) | (15.434) | (14.688) | (14.511) | |
Unemployment | 0.012* | 0.012* | − 0.004 | − 0.013** | − 0.014** | − 0.018*** | − 0.007 | − 0.009 | − 0.014** |
(1.932) | (1.884) | (− 0.672) | (− 2.189) | (− 2.259) | (− 2.944) | (− 1.347) | (− 1.592) | (− 2.376) | |
BRNUM | 0.034*** | 0.030*** | 0.021** | 0.183*** | 0.176*** | 0.169*** | 0.156*** | 0.150*** | 0.144*** |
(4.025) | (3.274) | (2.276) | (20.949) | (18.520) | (17.930) | (19.719) | (18.066) | (17.283) | |
C3 | 0.001 | 0.001 | 0.001 | 0.003 | 0.003 | 0.003* | 0.003* | 0.003* | 0.004* |
(0.539) | (0.549) | (0.567) | (1.416) | (1.599) | (1.664) | (1.764) | (1.751) | (1.824) | |
HHI | − 0.028 | − 0.057 | − 0.045 | − 0.053 | − 0.095 | − 0.094 | − 0.098* | − 0.119** | − 0.118** |
(− 0.472) | (− 0.953) | (− 0.755) | (− 0.866) | (− 1.520) | (− 1.505) | (− 1.676) | (− 2.037) | (− 2.027) | |
Domdep | − 0.003 | − 0.006* | − 0.003 | 0.000 | − 0.002 | − 0.001 | 0.003 | 0.001 | 0.002 |
(− 0.843) | (− 1.856) | (− 0.800) | (0.065) | (− 0.523) | (− 0.285) | (1.084) | (0.287) | (0.542) | |
County FE | Yes | Yes | Yes | Yes | Yes | Yes | |||
Year FE | Yes | Yes | Yes | ||||||
Obs | 12,183 | 12,183 | 12,183 | 12,173 | 12,173 | 12,173 | 12,183 | 12,183 | 12,183 |
Adj. R2 | 0.670 | 0.663 | 0.681 | 0.824 | 0.824 | 0.827 | 0.857 | 0.856 | 0.859 |