California Q3 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 Are More Successful at Getting Loans
- 50% of CA small businesses applied for a loan and of those, 46% were successful (up 10% from Q2). Compared to the national success rate (37%), California small businesses surveyed were 9% more successful at securing a loan.
- Despite receiving more small business loans than in Q2, 32% of California small businesses surveyed relied on personal assets. Furthermore, California small businesses’ ability to hire and to grow is restricted more than the national average (by 2% and 3%, respectively).
- Of the CA small businesses surveyed, 50% have applied for a bank loan, and 46% have been successful. This is a better rate than the national average of 37%.
- Despite CA small businesses’ high bank loan success rate, 32% of businesses use personal assets.