Fewer fast-growing firms obtained bank loans in the first quarter, despite plans for major expansions, according to a study by Coopers & Lybrand. Only 32% of the 444 businesses in the study applied for bank loans, compared with 38% in the first quarter of 1996.

High-tech firms indicated more plans for expansion, but were more likely to seek alternative financing from venture capitalists or angel investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.