New Report: Main Street Businesses Bullish on Future Growth
OnDeck and Ocrolus released their Small Business Cash Flow Trend Report, revealing strong optimism among small businesses. 92% of owners expect moderate to significant growth in the next six months. The study highlights key trends: 58% of family-owned businesses plan to pass on to family members, 62% accept alternative payment methods, and 73% prefer non-bank lenders over traditional banks for funding. The report analyzed responses from 525 small businesses with working capital loans and over 2 million small business financing applications during a 15-month period.
OnDeck e Ocrolus hanno pubblicato il loro Rapporto sulle Tendenze di Flusso di Cassa delle Piccole Imprese, rivelando un forte ottimismo tra le piccole attività. Il 92% dei proprietari prevede una crescita moderata o significativa nei prossimi sei mesi. Lo studio mette in evidenza tendenze chiave: Il 58% delle aziende a conduzione familiare intende trasferire la gestione ai familiari, il 62% accetta metodi di pagamento alternativi e il 73% preferisce i finanziatori non bancari rispetto alle banche tradizionali per il finanziamento. Il rapporto ha analizzato le risposte di 525 piccole imprese con prestiti di capitale circolante e oltre 2 milioni di richieste di finanziamento per piccole imprese in un periodo di 15 mesi.
OnDeck y Ocrolus publicaron su Informe de Tendencias de Flujo de Caja para Pequeñas Empresas, revelando un fuerte optimismo entre los pequeños negocios. El 92% de los propietarios espera un crecimiento moderado a significativo en los próximos seis meses. El estudio destaca tendencias clave: El 58% de las empresas familiares planea transmitir el negocio a miembros de la familia, el 62% acepta métodos de pago alternativos y el 73% prefiere prestamistas no bancarios en lugar de bancos tradicionales para obtener financiamiento. El informe analizó las respuestas de 525 pequeñas empresas con préstamos de capital de trabajo y más de 2 millones de solicitudes de financiamiento para pequeñas empresas durante un período de 15 meses.
OnDeck와 Ocrolus는 소기업 현금 흐름 추세 보고서를 공개하여 소기업의 강한 낙관론을 드러냈습니다. 92%의 소유자가 향후 6개월간 중간에서 큰 성장을 기대하고 있습니다. 이 연구는 주요 트렌드를 강조합니다: 58%의 가족 소유 기업이 가족 구성원에게 사업을 물려줄 계획이며, 62%는 대체 결제 수단을 수용하고, 73%는 전통적인 은행보다 비은행 대출자를 선호합니다. 이 보고서는 15개월 동안 운전자본 대출을 받은 525개의 소기업과 200만 건 이상의 소기업 자금 조달 신청을 분석했습니다.
OnDeck et Ocrolus ont publié leur Rapport sur les Tendances de Flux de Trésorerie des Petites Entreprises, révélant un fort optimisme parmi les petites entreprises. 92% des propriétaires s'attendent à une croissance modérée à significative dans les six prochains mois. L'étude met en avant des tendances clés : 58% des entreprises familiales prévoient de transmettre leur activité à des membres de la famille, 62% acceptent des méthodes de paiement alternatives et 73% préfèrent les prêteurs non bancaires aux banques traditionnelles pour le financement. Le rapport a analysé les réponses de 525 petites entreprises ayant bénéficié de prêts de fonds de roulement et plus de 2 millions de demandes de financement pour petites entreprises sur une période de 15 mois.
OnDeck und Ocrolus haben ihren Bericht über die Entwicklung des Cashflows von kleinen Unternehmen veröffentlicht, der einen starken Optimismus unter kleinen Unternehmen zeigt. 92% der Eigentümer erwarten in den nächsten sechs Monaten ein moderates bis signifikantes Wachstum. Die Studie hebt wichtige Trends hervor: 58% der familiengeführten Unternehmen plant, an Familienmitglieder weiterzugeben, 62% akzeptiert alternative Zahlungsmethoden und 73% bevorzugt nicht-bancaire Kreditgeber gegenüber traditionellen Banken für die Finanzierung. Der Bericht analysierte die Antworten von 525 kleinen Unternehmen mit Betriebsmittelkrediten und über 2 Millionen Anträgen auf Finanzierungen für kleine Unternehmen über einen Zeitraum von 15 Monaten.
- 92% of small business owners expect moderate to significant growth
- 73% of businesses are accessing alternative lending sources, expanding funding options
- 62% of businesses have adopted modern payment methods, showing digital adaptation
- Declining reliance on traditional banking services could indicate harder access to conventional financing
Insights
This small business survey reveals significant shifts in lending dynamics that could benefit Enova. The
The large sample size of over 2 million loan applications and 525 surveyed businesses provides credible market intelligence. The timing ahead of the holiday season, when small businesses typically seek additional working capital, positions Enova favorably for near-term growth. The trend away from traditional banks represents a structural shift in the lending market that could expand Enova's addressable market and potentially improve margins due to reduced competition from traditional institutions.
The data points to strengthening fundamentals for Enova's small business lending segment. The high optimism levels among potential borrowers, combined with the strong preference for alternative lenders, suggests potential revenue growth and market share expansion opportunities. The shift away from traditional banks (
The widespread adoption of digital payments provides additional data points for risk assessment, potentially leading to improved loan performance metrics. The multigenerational aspect, with
Key findings include:
- Optimism and Growth: Most small business owners (
92% ) continue feeling optimistic about future growth, expecting moderate to significant growth over the next six months. - Family Ownership and Control: Many small business owners are eager to maintain control and build generational wealth, with
58% of family-owned businesses intending to pass their business on to family members. - Payments: More than
62% of small businesses accepted alternative and real-time payment methods, with many small businesses accepting apps including Zelle, PayPal, Venmo, Apple Pay and Google Pay. - Access to Credit: Small businesses are becoming less reliant on traditional banks for credit, increasingly prioritizing non-bank lenders to access capital —
73% of small business owners reported bypassing traditional bank loans in favor of alternative lenders.
"Small businesses continue expressing optimism around growth prospects as the broader
"Access to capital is a critical factor in small businesses' ability to succeed and grow, especially when considering challenges like seasonal fluctuations in revenue or economic uncertainty," said David Snitkof, SVP of Growth at Ocrolus. "Insights from cash flow data help small business funders consider a more complete view of businesses' financial health, ultimately giving them the tools to approve more qualified borrowers for the funding they need to thrive."
The report is based on responses from 525 small businesses with working capital loans and over 2 million small business applications for working capital financing during a 15-month period. The nationwide survey was completed between September 23-30, 2024. For more information and complete survey results, please visit: ondeck.com/small-business-trends.
About OnDeck®
OnDeck®, part of Enova International, is the proven leader in transparent and responsible online lending to small businesses. Founded in 2006, the company pioneered the use of data analytics and digital technology to make real-time lending decisions and deliver capital rapidly to small businesses online. Today, OnDeck offers a wide range of term loans and lines of credit customized for the needs of small business owners. OnDeck has provided loans to customers in 900 different industries nationwide. For more information, visit www.ondeck.com.
About Enova
Enova International (NYSE: ENVA) is a leading financial services company with powerful online lending that serves small businesses and consumers who are underserved by traditional banks. Through its world-class analytics and machine learning algorithms, Enova has provided more than 11.1 million customers with over
About Ocrolus
Ocrolus is a document AI platform that enables faster and more accurate financial decision-making. The company analyzes documents with over
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-report-main-street-businesses-bullish-on-future-growth-302316369.html
SOURCE Enova International, Inc.
FAQ
What percentage of small businesses expect growth according to OnDeck's 2024 report for ENVA?
How many small businesses are choosing alternative lenders over traditional banks for ENVA's OnDeck?
What percentage of small businesses accept alternative payment methods according to ENVA's 2024 report?
