Access to Small Business Capital Improves, But Many Still Struggling


The prospect of getting a small business loan is improving for U.S. entrepreneurs, but it’s still not quite up to speed with pre-recession levels.

The most recent data from the Private Capital Access Index report, which the Pepperdine University’s Graziadio School of Business compiles quarterly in partnership with Dun & Bradstreet Credibility Corp., said small businesses have experienced a slight improvement in their ability to access credit in third quarter 2013. While the report found the demand for business capital has dropped repeatedly over the last year, small businesses reported gains in the access to financing and loans.

Despite improvements in access to capital for small businesses, many entrepreneurs are still struggling to finance their plans.

“Notwithstanding, the fact that the PCA Index still lingers well below the watershed value of 50 makes it clear that many businesses still cannot obtain the capital they need,” said Craig Everett, director of the Pepperdine Private Capital Markets Project.

As the U.S. economy continues to make slow progress, many entrepreneurs will continue to find it difficult to find financial institutions willing to loan money. However, those struggling can turn to National Funding as a reliable alternative lender in difficult economic times.

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