To Grow or Not to Grow? The Q2 2016 State of Small Businesses in the U.S.
Once a quarter, Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet poll small and medium-sized businesses across the United States to learn more about those companies’ growth and access to capital.
This quarter, the survey also polled microbusinesses across the nation and discovered new insights. Microbusinesses surveyed are planning to grow more than their small and medium counterparts, however, they are also feeling more restricted by the current economic environment.
Small Business Are Growing Across the Nation:
- Fifty-two percent of small businesses surveyed feel their growth opportunities are restricted, while only 33% of medium businesses feel the same.
- Despite feeling restricted, small businesses are asking for more financing than medium businesses (27% compared to 20%).
- Small businesses are having to rely on alternative funding or personal assets due to a lack of bank loans. Thirty-four percent of small businesses transferred personal assets to their business, while only 13% of medium businesses transferred personal assets, a 21% difference.