According to Q2 2015 findings from Pepperdine University and Dun & Bradstreet’s Private Capital Access Index, small businesses across the nation are experiencing a rise in revenue, and it’s affecting the state of small business overall. Over the last 12 months, 48 percent of small businesses surveyed have been reporting an increase in revenue, which is a 4 percent increase from three years ago. Businesses are also optimistic that this revenue growth will continue over the next 12 months, with 72 percent of businesses surveyed anticipating an increase in revenue, a 10 percent increase from the 2012 report.
This positive revenue increase can indicate a positive change in growth for small business: Demand for capital by small businesses has increased just over 9 percent since Q1 2015, hitting the highest level since Q4 2012. As seen in the past, demand for capital was not always met with access to capital. However, access to capital by small businesses has increased by almost 8 percent since the Private Capital Access survey began in 2012, and has increased 1 percent since Q1 2015. As small businesses not only experience revenue growth but also have more demands for capital met, the state of small business is gradually improving.
Visit Access to Capital to learn more about finding funding options and resources for small businesses.
For more statistics on the state of small business, refer to the infographic below.