Construction firms face tough lending environment, says New York Fed

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

August 24, 2012

Construction companies have more trouble borrowing than others, even when they look for less than $100,000, according to a survey by the Federal Reserve Bank of New York. Construction companies that seek small loans often are seen by banks as "younger, weaker, and riskier," Fed official Claire Kramer said.

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