Financing small business in America : debt capital in a global economy / Roger E. Hamlin and Thomas S. Lyons.

Includes bibliographical references and index.

1. U.S. Small Businesses and the Global Economy 1 -- The Importance of Small Businesses to the U.S. Economy 1 -- The Challenges Posed by the Global Economy 7 -- Implications for Enterprise Development Assistance 11 -- 2. The Importance of Debt Capital to Small Business 15 -- The Role of Capital Formation in Small Business Success 16 -- The Relationship Between Capital Formation and Small Business Incubation 21 -- Debt Capital as an Aspect of Capital Formation 22 -- Governmental Involvement in Small Business Debt-Capital Formation 27 -- 3. Current Approaches to Debt-Capital Formation: Micro- and Direct Lending Programs 33 -- Micro-lending/Microenterprise Programs 34 -- Microenterprise Program: How the Program Works 36 -- Direct Government Lending 44 -- 4. Indirect Approaches to Leveraging Private Capital 51 -- Loan Guarantee Programs 52 -- Loan Insurance Pooling: The Capital Access Program 69 -- Loans with Kicker Features: BIDCOs 102 -- Subordinated Lending: Certified Development Corporation Loans 114 -- Shortcomings of Current Practices 130.