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Loans More Elusive for Construction Firms

Construction companies have more trouble borrowing than others, even when they look for small loans under $100,000, says a survey by the Federal Reserve Bank of New York.

August 16, 2012

Construction companies have more trouble borrowing than others, even when they look for small loans under $100,000, says a survey by the Federal Reserve Bank of New York.

The reason is that companies seeking small loans often are "younger, weaker and riskier," Fed official Claire Kramer said in CNNMoney.

Source: AGC

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