New York Fed Poll Shows Little Help for Credit-Strapped Businesses

Small businesses in New York, New Jersey, and Connecticut are still having trouble getting credit, according to the latest poll by the New York Fed, which was announced today. Only 63 percent of those companies that applied for loans or credit lines in 2012 were approved, the same as the year before, though more businesses reported getting the full amount they sought. More than one-third of profitable companies said they had difficulty getting the credit they sought.

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