Mystery Behind Shortage of Money Faced by Producers

Why do producers complain about shortage of bank facilities at conventional rates despite the growth in money supply? 
Money supply grew by 34% over the year ending Oct. 22, increasing from 42,270 trillion rials ($107 billion) to 56,770 trillion rials ($143.72 billion). Overall banking credits of the non-governmental sector increased from 26,540 trillion rials to 36,850 trillion rials ($67.18 billion) during the same period, registering a 39% growth. Statistics show that money supply has grown by 34% and the credit balance to the non-governmental sector by 39%. So what is behind businesses’ shortage of money? 
Ali Cheshomi, an economic analyst, prefaced his article for the Persian economic daily Donya-e-Eqtesad with this note. A translation of the rest of the text, where he responds to this question, follows: