The quantity and character of out-of-market small business lending
研究发现只有约10%的小企业贷款来自本地无分支机构的银行，其中约一半来自同州有分支的银行，且市场外与市场内贷款在平均规模和商业地产抵押比例上相似。
Most small business lending from banks originates with institutions that have a local branch, but “out-of-market ” lending does not. Supporting the view that proximity is conducive to lending, I find that only about 10 percent of small business lending is from banks with no branch in the local market. About half of this appears to be from banks with a branch in the same state, further supporting the role of proximity, while, at the same time, supporting the current regulatory practice of considering out-of-market loans when assessing local competitive conditions. I also find that out-of-market and in-market loans are of similar average size and are about equally likely to be secured by commercial real estate. 1.