AN ANALYSIS OF SMALL BUSINESS LOAN GUARANTEE FUNDS

Small businesses are considered important engines for job growth and economic development by policy makers worldwide. One of the most commonly cited constraints of small businesses is a lack of access to capital. To address this constraint, small business loan guarantee programs have been established in over 100 countries. There are a variety of types of guarantee funds, with the most significant differences being which borrowers are eligible for guarantees, and how borrowers are approved for guarantees. There is currently no clear delineation between types of programs and the economic conditions they operate in, though some trends are becoming apparent. However, these trends may not be leading to the best economic outcomes possible. By better matching the structure of the guarantee fund to the economic conditions it operates in, the program’s success in meeting economic development goals may be greatly improved. Many programs in developing countries may not be taking advantage of bank expertise and may be limiting the scope of their effectiveness. At the same time, programs in developed countries may be wasting resources by scattering their efforts too thinly and subsidizing less competitive firms to the detriment of local economic development.

Sulfate Mineral Paragenesis in Pennsylvanian Rocks and The Occurrence of Slavikite in Nebraska

The acid weathering of pyrite-bearing Pennsylvanian clastic sedimentary rocks in southeastern Nebraska locally produces the secondary sulfate minerals alunogen, copiapite, epsomite, felsobanyaite/basaluminite, gypsum, halotrichite, jarosite, rozenite, and slavikite. Of these mineral occurrences, four are first-time discoveries in the state or the surrounding region. Slavikite (NaMg2Fe5 (S04)7 (OH) 6• 33H20), which has been reported only once before in North America and from a handful of sites in Europe and South America, was found in abundance at an outcrop at Brownville, NE. The pH values in 1:1 solutions of deionized water of the studied minerals, excluding epsomite, range from 1.94 to 4.82. Therefore, segregations of secondary minerals in themselves are significant microenvironmental reservoirs of acid that can be mobilized during precipitation events. Because of its role in liberating and concentrating ions such as Al3+, Fe2+, Fe3+, Mg3+, and SO42-, acid rock weathering should be considered in local to regional assessments of surface-water and groundwater chemistry. Observations also suggest that rock weathering by the growth of sulfate salts is a potential factor in local hillslope development, one that has not previously been considered in the study area.