New York 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.
New York Small Businesses Are Feeling Restricted to Hire
- New York small businesses surveyed are feeling slightly more restricted than other businesses across the country: 61% of New York small businesses surveyed feel their growth opportunities are restricted, compared to a national average of 57%. Likewise, 47% of NY small businesses feel their ability to hire is restricted, compared to a national average of 48%.
- New York small businesses are seeking outside financing at a rate of 34%, which is above the national average of 29%. However, NY small businesses are receiving bank loans at a rate of 19% compared to a 37% national success rate for bank loans.