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sectors were significantly more likely to default than borrowers in other sectors)。外文翻譯之一 LOAN GUARANTEES:COSTS OF DEFAULT AND BENEFITS TO SMALL FIRM 作者: ALLAN L. RIDINGamp。 GEORGE HAINES JR. 國籍: Canada 出處: Carleon University, Ottawa, Ontario, Canada 原文正文: Governments of most countries seek to encourage Small and Medium Sized Enterprise (SME) growth and the job creation that many believe is fostered by such growth. Substantive growth usually requires expansion capital. It is often perceived that pared with larger firms, SMEs face disproportionately less access to the debt capital they need for startup, growth, and , governments and trade associations have often intervened in credit markets by taking on the role of guarantor of loans that financial institutions advance to SMEs. For example, the Small Business Administration in the United States provides guarantees of loans made by banks to qualifying small firms. Similar schemes are in effect in, among other countries,Can