This paper seems to be all over the place, including subprime mortgage lending, commercial lending and pay day loans, really to no seeming point. Then they con

This paper seems to be all over the place, including subprime mortgage lending, commercial lending and pay day loans, really to no seeming point. Then they conflate small businesses with startups. All to reach the conclusion that firms who obtain credit are more likely to succeed. There probably is a very good kernel of analysis in there, but this paper really needs to be tightened up.