California Q2 2015 PCA Index Findings Infographic
Overall, the Q2 2015 PCA Index findings revealed that optimism and financing success among small and medium-sized businesses are the highest they’ve been in three years. Mid-sized businesses seem increasingly optimistic about their ability to secure funding, which Jeff Stibel, Vice Chairman of Dun & Bradstreet, believes “is a strong indication that smaller businesses have joined their larger peers in the economic recovery.”
California Small Businesses Are Feeling More Restricted by the Current Business Environment
- Compared to businesses surveyed across the nation, California small businesses are feeling more restricted: 60% feel their growth opportunities are restricted, compared to 58% nationally, and 48% feel their ability to hire is restricted, compared to 41% nationally.
- Of the 51% of California small businesses that attempted to get a bank loan. only 36% were successful, 1% below the national average.
- As a result, 36% of California small business owners transferred personal assets to their business.