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Ricard Mollon, founder of a designer furniture firm near Barcelona, says he can see the way to success but can’t get a bank loan to fund it.
“It’s a vicious circle: To obtain money, you have to show results first,” the 32-year-old said in an interview. With Spain’s banks lacking capital and burdened with bad debts, Mollon said he expects no help from them to fund marketing and expansion at his firm, Quattria S.L. “They won’t pay attention to us as a small company.”