New Report: New Year Brings Increased Optimism Around Growth Expectations for Main Street Businesses
A new Small Business Cash Flow Trend Report from OnDeck, Enova's (NYSE: ENVA) small business lending division, and Ocrolus reveals increasing optimism among small businesses for 2025. 94% of small businesses expect significant or moderate growth in 2025, up 2% from Q3 2024.
Key challenges identified include:
- 37% cite inflation as their top concern
- 30% identify cash flow as their primary challenge
- 76% of businesses bypassed traditional bank loans, up from 62% in Q4 2023
The report is based on responses from 454 small businesses with working capital loans and over 2 million small business applications for working capital financing during the past 15 months. The survey was conducted between December 2-11, 2024.
Un nuovo Rapporto sulle Tendenze di Flusso di Cassa delle Piccole Imprese di OnDeck, la divisione di prestiti per piccole imprese di Enova (NYSE: ENVA), e Ocrolus rivela un crescente ottimismo tra le piccole imprese per il 2025. Il 94% delle piccole imprese si aspetta una crescita significativa o moderata nel 2025, con un aumento del 2% rispetto al Q3 2024.
Le principali sfide identificate includono:
- Il 37% cita l'inflazione come la loro preoccupazione principale
- Il 30% identifica il flusso di cassa come la loro sfida primaria
- Il 76% delle imprese ha eluso i prestiti bancari tradizionali, in aumento rispetto al 62% nel Q4 2023
Il rapporto si basa sulle risposte di 454 piccole imprese con prestiti per capitale circolante e oltre 2 milioni di domande da piccole imprese per finanziamenti a capitale circolante negli ultimi 15 mesi. Il sondaggio è stato condotto tra il 2 e l'11 dicembre 2024.
Un nuevo Informe sobre las Tendencias de Flujo de Efectivo de Pequeñas Empresas de OnDeck, la división de préstamos para pequeñas empresas de Enova (NYSE: ENVA), y Ocrolus revela un creciente optimismo entre las pequeñas empresas para 2025. El 94% de las pequeñas empresas espera un crecimiento significativo o moderado en 2025, un aumento del 2% desde el tercer trimestre de 2024.
Los principales desafíos identificados incluyen:
- El 37% cita la inflación como su principal preocupación
- El 30% identifica el flujo de efectivo como su desafío principal
- El 76% de las empresas evitó los préstamos bancarios tradicionales, un aumento respecto al 62% en el cuarto trimestre de 2023
El informe se basa en respuestas de 454 pequeñas empresas con préstamos de capital de trabajo y más de 2 millones de solicitudes de pequeñas empresas para financiamiento de capital de trabajo en los últimos 15 meses. La encuesta se realizó entre el 2 y el 11 de diciembre de 2024.
OnDeck의 소기업 현금 흐름 추세 보고서는 Enova(NYSE: ENVA)의 소기업 대출 부서와 Ocrolus가 2025년 소기업의 증가하는 낙관론을 보여줍니다. 94%의 소기업이 2025년에 상당한 또는 보통의 성장을 기대하고 있습니다, 이는 2024년 3분기보다 2% 증가한 수치입니다.
식별된 주요 도전 과제는 다음과 같습니다:
- 37%가 인플레이션을 가장 큰 걱정으로 꼽았습니다.
- 30%가 현금 흐름을 주요 도전 과제로 식별했습니다.
- 76%의 기업이 전통적인 은행 대출을 피했습니다, 이는 2023년 4분기 62%에서 증가한 수치입니다.
이 보고서는 454개의 소기업에서의 응답을 기반으로 하며, 지난 15개월 동안 200만 건 이상의 소기업 신청이 자본 운영 자금 조달을 위해 이루어졌습니다. 설문조사는 2024년 12월 2일부터 11일 사이에 진행되었습니다.
Un nouveau Rapport sur les Tendances du Flux de Trésorerie des Petites Entreprises d'OnDeck, la division de prêt aux petites entreprises d'Enova (NYSE: ENVA), et Ocrolus révèle un optimisme croissant parmi les petites entreprises pour 2025. 94% des petites entreprises s'attendent à une croissance significative ou modérée en 2025, en hausse de 2% par rapport au T3 2024.
Les principaux défis identifiés incluent :
- 37% citent l'inflation comme leur principale préoccupation
- 30% identifient le flux de trésorerie comme leur défi principal
- 76% des entreprises ont contourné les prêts bancaires traditionnels, en hausse par rapport à 62% au T4 2023
Le rapport est basé sur les réponses de 454 petites entreprises ayant des prêts de fonds de roulement et plus de 2 millions de demandes de petites entreprises pour un financement de fonds de roulement au cours des 15 derniers mois. L'enquête a été menée entre le 2 et le 11 décembre 2024.
Ein neuer Bericht über Trends im Cashflow von kleinen Unternehmen von OnDeck, der Kreditvergabeabteilung für kleine Unternehmen von Enova (NYSE: ENVA), und Ocrolus zeigt zunehmenden Optimismus unter kleinen Unternehmen für 2025. 94% der kleinen Unternehmen erwarten ein signifikantes oder moderates Wachstum im Jahr 2025, was einem Anstieg von 2% gegenüber dem 3. Quartal 2024 entspricht.
Die identifizierten Hauptprobleme sind:
- 37% nennen Inflation als ihre größte Sorge
- 30% identifizieren Cashflow als ihre Hauptschwierigkeit
- 76% der Unternehmen haben traditionelle Bankkredite umgangen, ein Anstieg von 62% im 4. Quartal 2023
Der Bericht basiert auf Antworten von 454 kleinen Unternehmen mit Betriebskapitaldarlehen und über 2 Millionen Anträgen von kleinen Unternehmen auf Betriebskapitalfinanzierung in den letzten 15 Monaten. Die Umfrage wurde zwischen dem 2. und 11. Dezember 2024 durchgeführt.
- 94% of businesses expect growth in 2025, up 2% from Q3 2024
- 76% of businesses choosing alternative lenders over traditional banks, up 14% YoY
- Increasing market share in small business lending segment
- 37% of businesses struggling with inflation
- 30% facing cash flow challenges
Insights
The Small Business Cash Flow Trend Report from OnDeck (Enova's small business lending division) and Ocrolus reveals a 94% optimism rate among small businesses regarding 2025 growth expectations—a
This
The report identifies inflation (
Particularly noteworthy is the mention of cash flow data playing "a much larger role in underwriting," which suggests Enova's partnership with Ocrolus is yielding competitive advantages in risk assessment. This technology-driven approach typically results in both better loan performance and higher approval rates—a rare combination that could enhance profitability metrics.
For investors, this report signals Enova's strong positioning in a growing segment of financial services that traditional banks continue to underserve. The robust sample size of 454 businesses and 2+ million applications provides statistical validity to these findings. As small businesses increasingly seek growth capital outside traditional banking channels, Enova's OnDeck platform appears well-situated to benefit from this structural market shift.
Key findings include:
- Optimism and Growth:
94% of small businesses anticipate significant or moderate growth in 2025, a2% increase compared to Q3 2024. - Top Challenges:
37% of small businesses cited inflation as a top concern, followed by30% of respondents who identified cash flow as their primary challenge in the current economic environment. - Access to Working Capital: More small businesses are turning to alternative lenders for their financing needs, as
76% of respondents bypassed applying for traditional bank loans, up from62% in Q4 2023.
"Small businesses are entering the new year with confidence, and we're seeing that optimism translate into plans for expansion and hiring," said Jim Granat, Co-President of Small Business at Enova. "We're seeing more businesses proactively seeking out alternative lenders like OnDeck, and we're proud to serve as a trusted partner when they need capital to fuel their next stage of growth."
"Fast and flexible funding solutions are critical for small businesses, as they position themselves for growth and success amidst shifting market conditions," said David Snitkof, SVP of Growth at Ocrolus. "To meet this need, small business funders are reevaluating their underwriting funnels to leverage data sources that provide a complete understanding of business financial health. We're seeing cash flow data play a much larger role in underwriting, helping funders qualify applicants with promising financial performance who may have otherwise been denied and expanding access to capital to help small businesses thrive."
The report is based on responses from 454 small businesses with working capital loans and over 2 million small business applications for working capital financing during the past 15 months. The nationwide survey was completed between December 2-11, 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 11.8 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
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SOURCE Enova International, Inc.
FAQ
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