Almost half of the California small businesses surveyed in the PCA Index that applied for a loan in Q3 2015 were successful. The businesses surveyed were more successful at getting a bank loan than other businesses surveyed nationwide and more successful than in Q2 2015.
California small businesses are feeling constricted due to low access to capital, despite planned growth. Learn more from the Q2 2015 Private Capital Access Index.
Small business loans in California are hard to get – only one-third of those who applied for a small business loan actually received one in Q1 2015. See more statistics in the newest report from Pepperdine University and Dun & Bradstreet Credibility Corp.