Texas Q1 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.
Texas Small Businesses Are Awarded Business Loans Less Often
- Compared to the national rate, Texas small business loans are awarded less often, with only 37 percent of those who applied actually receiving a loan, compared to 41 percent nationally
- 45 percent of Texas businesses are in need of financing due to experienced growth, and 52 percent of businesses are in need of financing due to planned growth.
- Over half of Texas small businesses surveyed feel their growth opportunities are restricted (54 percent) and 50 percent feel their ability to hire is restricted, too.
- One-third of Texas small businesses had to dip into personal assets to fund business growth.