Texas Q2 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 Q2 2015 PCA Index findings revealed that optimism and financing success among small and medium-sized businesses are the highest they’ve been in three years. Mid-sized businesses seem increasingly optimistic about their ability to secure funding, which Jeff Stibel, Vice Chairman of Dun & Bradstreet, believes “is a strong indication that smaller businesses have joined their larger peers in the economic recovery.”
Texas Small Businesses Are Less Successful at Getting Bank Loans
- Of the 47% of Texas small businesses that attempted to get a bank loan, 28% we successful, compared to 37% nationally.
- Texas small businesses surveyed are feeling restricted: 56% feel their growth opportunities are restricted and 48% feel their ability to hire is restricted.
- Despite that, 59% are planning to hire in the next six months and 33% are planning to raise financing.