Economic research

San Francisco Fed on lending to distressed firms

Research context on the tradeoffs lenders face when firms approach default.

Why it matters

An analysis of lender incentives and tradeoffs when firms are near default.

Original source

Federal Reserve Bank of San Francisco

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Source published November 27, 2023

Scope and review context

The research studies broader bank and firm behavior; it is not a CDFI small-business workout playbook or causal evidence for a specific servicing action.

Reviewed August 11, 2026 | Historical source