SMALL BUSINESS
05/07/2012 11:29 am ET | Updated Jul 07, 2012

Loans Needed For Manufacturers From Banks To Expand And Hire

NEW YORK (CNNMoney) -- American manufacturers say business is booming again, but many are complaining that banks aren't lending them money to ramp up production.

In a new quarterly survey of small to mid-sized manufacturers, 26% of 268 respondents cited "lack of capital to grow" as their biggest challenge at a time when they need loans to hire more workers, buy new equipment and aggressively market themselves.

The survey was conducted in April by MFG.com, an online directory that pairs businesses with manufacturers that can produce their goods domestically.

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