FSB policy chairman Mike Cherry
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'Lending key to small business growth', says FSB survey

Small firms are struggling to raise the money they need to expand, according to a survey by business leaders.

The Federation of Small Businesses (FSB) found that 42% of those who applied for a loan said they were turned down.

The FSB said that while companies were weathering the recession well, business confidence was declining.

FSB policy chairman Mike Cherry told BBC News that lending was a key to encouraging business growth.

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