Survey finds decline in Conn. corporate borrowing

09/27/2013 | (White Plains, N.Y.)

Connecticut businesses are still grappling with economic uncertainty, according to a survey by Farmington Bank and the Connecticut Business and Industry Association. Though banks are loosening credit, demand declined 3% in the second quarter compared with Q1. Among companies that borrowed, 24% did so for operating costs, 15% for equipment purchases and 9% for facility expansion.

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