PCA Survey Shows Lower Capital Demand | The Washington Post
An index compiled from the survey that measures companies’ demand for capital has fallen more than 10 percent.
Joyce M. Rosenberg of the Associated Press covers the Private Capital Access (PCA) Index quarterly report in a piece picked up by The Washington Post. The PCA survey is research conducted quarterly by the Pepperdine Graziadio Business School in partnership with Dun & Bradstreet Corp.
Survey findings from July and August of 2017 show small business' appetite for financing has weakened. Rosenberg reports that the survey, which questioned 1,176 businesses, is in line with other indicators of slowing small business activity. Payroll provider ADP reported earlier in the month that the company's small business customers cut jobs in September. Though that was partially due to the hurricanes Harvey and Irma, companies have generally slowed hiring in the second half of 2017. Bank loans are expected to be the most sought-after forms of financing in the coming months, with three quarters of owners saying they’ll be making applications.