---
title: The Allocation of Public Guaranteed Loans to Firms During Covid-19: Credit Risk and Relationship Lending
url: https://www.ml-quant.com/papers/ssrn/5239382/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5239382
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5239382
featured: 2025-05-07
citations: 1
topic: Portfolio & Allocation
---


# The Allocation of Public Guaranteed Loans to Firms During Covid-19: Credit Risk and Relationship Lending

The research shows that government-guaranteed loans are more likely to be given to safer, liquidity-constrained borrowers who are less likely to face repayment issues after a year.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5239382
- Identifier: SSRN 5239382
- Released: 2024-10-09
- First featured: Quant Letter No. 96 (2025-05-07): https://www.ml-quant.com/issues/2025-05-07/
- Citations (Semantic Scholar): 1
- Published in: not yet
- Topic: Portfolio & Allocation

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