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Our data came from the 2003 NSSBF conducted by the Federal Reserve Board.
Table II summarizes the relative size of trade credit for three different samples of firms: 1) my sample of 16,447 UK firms (FAME, 1998-2006), 2) a sample of 3,000 small US firms with less than 500 employees (NSSBF, 1998), and 3) a sample of 4,362 large US firms with total assets exceeding $250 million (COMPUSTAT, 1998-2006).
Petersen and Rajan (1994) use the NSSBF (1988-1989) to examine benefits of the bank-firm relationship on credit availability among small businesses.
Hence it is likely that by using the NSSBF we are observing a majority of firms that could survive the bankruptcy process.
 Instead, we utilize a relatively unused segment of the NSSBF data on credit limits commitments.
If this rule was strictly enforced, then the typical SBA borrower would be relatively more credit-constrained than the typical NSSBF borrower, although in practice the lending bank has substantial discretion in interpreting this language and including the loan in the SBA program (e.g., Temkin and Theodos 2008).
Both the 1992 SCF and the 1993 NSSBF were sponsored by the Federal Reserve Board.(9) The 1992 SCF interviewed 3906 households, asking detailed questions about their assets, liabilities, demographic characteristics, and use of financial services.
Indeed, 87.8 percent of small businesses used commercial banks for financial services during 1993, more than double the percentage of such firms using nonbanks.(7) Whether banks have gained or lost ground to nonbanks in the provision of noncredit financial services is an interesting topic for future analysis using data from the NSSBF.
In contrast, evidence from the 1987 NSSBF indicates that large firms are more likely to have loans outstanding than smaller firms (Elliehausen and Wolken, 1995, table 4.5), suggesting that we might have expected a higher percentage of debt fundings going to large firms than to small firms.
Using a sample of small business loans (which includes lines of credit as well as other types of small business loans) from the 1987 version of the NSSBF data set, Petersen and Rajan (1994) find no significant effect of relationships on the loan rates charged by lenders.
Dollar measures will be available and analyzed at a later date, but significant differences between results based on dollar amounts and results based on the percentage of firms are not expected; the 1987 NSSBF data yielded similar conclusions when based upon either measure.
The NSSBF is a nationally representative survey of about 3,400 small (fewer than 500 employees) nonfarm and nonfinancial businesses.
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