Texas 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 Texas small and medium-sized businesses surveyed are on par with the national average in terms of raising financing, planning to hire, getting bank loans and relying on personal assets.
Texas Small Businesses Are Planning to Grow
- For Texas small businesses surveyed, 64% are planning to hire in the next six months, and 33% are planning to raise financing.
- Fifty-four percent of Texas small businesses feel their growth opportunities are restricted and 41% feel their ability to hire is restricted.
- In Q3 2015, 27% of Texas small businesses sought outside financing, but of the 56% that attempted to get a bank loan, only 32% were successful.
- On par with the national average, 33% of Texas small business owners transferred personal assets to their business.