Recovery for small businesses has been virtually nonexistent, says Weatherhead’s Scott Shane

Why banks still aren’t lending to you

Inc.: Banks are lending to businesses again—but not to small businesses. “There really hasn’t been much of any recovery” for small businesses, said Scott Shane, the A. Malachi Mixon III Professor of Entrepreneurial Studies. “You could make a case it’s no longer declining…[but] it’s all far below where it was before the recession.”