THE STATE OF SMALL BUSINESS REPOR T, a survey of 10,637 privately held businesses conducted by the
Pepperdine Private Capital Markets Project in cooperation with Dun & Bradstreet Credibility Corp. (DBCC)
indicated that small businesses continue to face major challenges in accessing the capital needed to grow.
Nonetheless, small businesses are much more optimistic about the economic forecast than larger companies
and are more likely to hire in the coming months.
Of those respondents that tried to raise capital within the previous 12 months, 35% applied for bank
loans and only 50% of those that applied were successful (whereas 16% of those trying to raise capital
looked to friends and family, with a success rate of 79%). While business owners have a negative outlook on
general business conditions, small business owners indicate that they are more likely to hire additional staff
in the next six months. Small business owners cited access to capital among the top reasons preventing small
business owners from hiring new employees, 22% cited access to capital.
“We are proud to facilitate one of the largest surveys of small businesses ever conducted in the U.S. by
offering the Pepperdine researchers access to DBCC’s vast database of small businesses,” said Jeffrey Stibel,
chairman & CEO, DBCC. “These results make clear that small businesses are poised and ready to jumpstart
this country’s economic engine, but are restrained by numerous obstacles accessing the capital that is so
critical to growing these companies.”
“The Pepperdine Private Capital Markets Project State of Small Business Report gives capital providers
and policymakers a unique look at how small businesses are faring. A comprehensive solution to our economic
crisis must include input from small businesses as well as members of the private capital community,” said
John Paglia, who directs the Pepperdine Private Capital Markets Project and is an associate professor of
finance at Pepperdine University’s Graziadio School of Business and Management. n
Creekridge Adds 17 New
Vendors Q1/11 to Q3/11
Within the first three
quarters of 2011,
Creekridge Capital added
17 new vendors to its
list of contractual vendor
partners, with several
more partnerships in the
works. Its new vendor
partners range from
mid-size domestic to very
large, well-known multinational companies.
Developed with IDEO
and salesforce.com, the
new platform is designed
to address the specific
needs of middle-market
firms helping facilitate
GE Capital Debuts
Digital Platform for
GE Capital unveiled an
integrated Web portal
and private social
network, called GE Edge,
that will enable middle-market companies to
access academic and
business subject matter
research and analysis and
a peer-to-peer discussion
of the relevant challenges
Envision Adds Financing
for Small Business
equipment leasing and
financing programs for
small business owners
payments, step-down and
step-up payments and
master lease lines.
Aroway Energy Names
Ex-GE Capital Exec to Board
Aroway Energy appointed
Mike K. Veldhuis to
its board of directors.
Veldhuis assisted both
private and public
companies in structuring
and obtaining debt and
equity facilities since
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