California Q1 2015 PCA Index Findings Infographic
Once a quarter, Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet poll small and medium-sized businesses across the nation to learn more about those companies growth and access to capital.
California Small Businesses Feel Restricted to Grow & Hire
- 31 percent of businesses surveyed that applied for a small business loan in California actually received one. Nationwide, the average success rate is 41 percent.
- California small businesses are feeling more restricted than the rest of the nation: 59 percent of California small businesses surveyed feel their growth opportunities are restricted, compared to only 53 percent nationally, and 49 percent feel their ability to hire is restricted, compared to only 46 percent nationally.
- One-third of California small businesses had to rely on their personal assets to fund their businesses needs, which is slightly lower than the national average of 35 percent.