Although profitability and borrowing success rates are up for small businesses (less than $5 million in revenue), this has not led to increased expectations for business performance or growth, according to the Q2 2018 Private Capital Access Index (PCA Index) from Pepperdine Graziadio Business School and Dun & Bradstreet. Only 27% of businesses expect to perform substantially better than last year, a 23% drop from 35% in Q1 2018, and a 25% year over year drop from 36% in Q2 2017. Similarly, only 42% of businesses are confident they will grow this year, down from 47% in Q1 2018 and down 12.5% from 48% in Q2 2017.
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