Florida Q2 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.
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.”
Florida Small Businesses Outpace the Rest of the Nation, Except When Getting Loans
- 68% of Florida small businesses are planning to hire in the next six months, compared to 62% nationally
- 37% of Florida small businesses are planning to raise financing in the next six months, compared to 33% nationally.
- 62% of Florida small businesses are in need of financing due to planned growth, compared to 50% nationally.
- BUT, only 19% of Florida small businesses that attempted to get a bank loan in Q1 2015 received one, compared to 37% nationally.