New York Q4 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 Q4 2015 PCA Index findings revealed that New York small and medium-sized businesses surveyed are planning to grow and hire as well as getting loans above the national average.
New York Small Businesses Are Getting Loans
- Of the 56% of New York small businesses that attempted to get a bank loan, 43% were successful, compared to 39% nationally. This is a 24% increase from Q3 2015.
- Despite being more successful at getting bank loans, 33% of New York small business owners still transferred personal assets to their business.
- Due to planned growth, 62% of New York small businesses are in need of financing, and 28% plan to raise financing in the next 6 months.
- Coming in above the national average by 5%, 67% of New York small businesses are planning to hire in the next 6 months.