Construction firms face tough lending environment, says New York Fed

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.

By HZ Staff | 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.

Read more

Comments

Related Categories

PB-Codes + Standards,PB-Financial
expand_less