We analyze changes in lending by U.S. banks to businesses from 1994 to 2011. We find that lending to businesses, and in particular to small businesses, declined precipitously following onset of the financial crisis. We also examine the relative changes in business lending by banks that did, and did not, receive Troubled Asset Relief Program (TARP) funds from the U.S. Treasury, and find that banks receiving capital injections from the TARP failed to increase their small‐business lending. Finally, we find strong and significant positive relations of both bank capital adequacy and profitability with small‐business lending.

中文翻译：

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金融危机对美国的小企业贷款有何影响？

我们分析了1994年至2011年美国银行对企业贷款的变化。我们发现，在金融危机爆发之后，对企业（尤其是对小型企业）的贷款急剧下降。我们还研究了从美国财政部获得和未获得问题资产救助计划（TARP）资金的银行在商业贷款方面的相对变化，发现接受TARP注入资金的银行未能增加其小企业贷款。最后，我们发现银行资本充足率和盈利能力与小企业贷款之间存在着显着的正相关关系。