High-tech businesses are borrowing more than other rapidly growing businesses, according to a quarterly study by Coopers & Lybrand.
The study found 34% of high-tech businesses obtained new loans during the second quarter, compared with 26% of other businesses.
High-tech firms are more likely to be approved for a loan but pay higher interest rates. They paid an average of 9.36% interest, and only 6% were rejected.
In comparison, 11% of the other businesses' loan requests were rejected, and the ones approved paid an average interest rate of 9.14%, the study said.