Small, fast-growing companies are investing like never before in their businesses, but taking out fewer new bank loans to do it. So says the latest quarterly report from PricewaterhouseCoopers' Trendsetter Barometer, which surveys CEOS of 440 companies with $50 million or less in revenues. As bank rates rise and profit margins remain strong, these companies are choosing to finance growth from their own cash flow. Last year, the CEOS said they planned to spend 11.5% of revenues on growth; that's up to 19.9% this year.

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