Relationship Between SBA Loans, Personal Capital Finances, Government Regulations, and Business Profitability

Relationship Between SBA Loans, Personal Capital Finances, Government Regulations, and Business Profitability by Jennifer E. White MBA, Webster University, 2005 BS, Saint Leo University, 2003 Doctoral Portfolio Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Business Administration Walden University August 2019 Abstract Women-owned small businesses have grown 58% between 2007 and 2018. Some female owners of small businesses lack strategies to obtain financial capital to continue growth and raise profitability for their businesses. The purpose of this secondary data analysis was to examine the relationship between access to sources of financial capital, government regulations and business profitability. The resource-based theory was theWomen-owned small businesses have grown 58% between 2007 and 2018. Some female owners of small businesses lack strategies to obtain financial capital to continue growth and raise profitability for their businesses. The purpose of this secondary data analysis was to examine the relationship between access to sources of financial capital, government regulations and business profitability. The resource-based theory was the theoretical framework for this quantitative ex-post facto study. Archival data from the 2016 Annual Survey of Entrepreneurs were collected. Data were analyzed using multiple linear regression. Results of the multiple linear regression analysis indicated a full model, containing two predictor variables (2, n = 3233). The results revealed a statistically significant relationship among financial capital, government regulations, and business profitability, F (2, 3285) = 5.812, p <.003, R2 = .004. Although the full model is significant, financial capital and government regulation do not add significant predictive value to business profitability. The financial capital was positively correlated with business profitability at .912, and government regulations were negatively correlated at .001. The findings from this study can potentially influence positive social change to include the potential for women owners of small businesses to increase their profitability with several sources of capital they obtain from SBA loans and personal finances to assist with business profitability. Women owners of small businesses using the financial capital resources at the business start-up stage and during business growth, could improve economic growth for local communities. Relationship Between SBA Loans, Personal Capital Finances, Government Regulations, and Business Profitability by Jennifer E. White MBA, Webster University, 2005 BS, Saint Leo University, 2003 Doctoral Portfolio Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Business Administration Walden University August 2019 Dedication To God be the Glory. Completion of this doctoral study would not be possible without the strength and guidance from my Lord and Savior Jesus Christ. I dedicate this achievement to the memory of my father, George M. White, who along with my mother instilled in me that no achievement is beyond reach if you are determined, dedicated and faithful. Acknowledgments First, I would like to thank God for giving me the strength and determination to stay focus and achieve this great accomplishment. The completion of this doctoral study undoubtedly proves that if you put God first that all things are possible. I am forever grateful to my mother, Jannie G. White, for her love, encouragement, and support; my son, Wesley J, for his patience, being my cheerleader and taking this journey with me, and to my family for their support and understanding. I also want to acknowledge George R. White, my brother, for being my advisor, confident, and my inspiration. To my Doctoral committee; Dr. Irene Williams, you have been an outstanding mentor and chair with the unyielding support, guidance, positivity, and encouragement. Thank you, Dr. Peter Anthony, second committee member, for the quick response and positive feedback. Also, I want to thank Dr. Reginald Taylor for the opportunity to showcase my skills and knowledge through this type of doctoral study and being able to join the Portfolio study pilot. Thank you to Walden University staff for the continuous support and a special thank you to my Doctoral coach who continued to push and cheer for me. I would also like to thank everyone who assisted me on this journey, directly or indirectly, from encouraging words to assisting me through the process

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