Small Business Borrowing to Take a Downturn | PYMNTS
A new survey released on Wednesday (Oct. 18) suggests that small businesses (SMBs) are likely to reduce borrowing activity in the second half of 2017.
PYMNTS.com reports on the latest Private Capital Access (PCA) Index report, generated from research conducted by the Pepperdine Graziadio Business School in partnership with Dun & Bradstreet Corp. According to the article, the findings indicate that small businesses expect slower annual revenue growth for the second half of the year.
PYMNTS.com goes on to include PCA Index survey revelations about loans and financing, with nearly half of the small businesses surveyed saying that if they fail to obtain financing, growth would be slow, and almost a quarter saying lack of financing would result in layoffs. The piece does cite separate research that indicates a more positive outlook on financing. Biz2Credit’s Small Business Lending Index recently found small business bank loan approval rates at community banks have increased.