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New Report: New Year Brings Increased Optimism Around Growth Expectations for Main Street Businesses

1. 94% of small businesses predict growth in 2025. Optimism increased by 2% since Q3 2024. 2. Inflation and cash flow challenges persist. 37% cite inflation and 30% indicate cash flow issues. 3. More businesses choose alternative lenders over banks. 76% bypass traditional financing, up from 62%. 4. Enova, via OnDeck, is capitalizing on rising small business confidence. Expansion and hiring plans are growing.

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FAQ

Why Bullish?

The report indicates a surge in small business optimism and demand for alternative lending, which can drive loan volumes. Similar trends in digital lending have historically boosted companies' revenues over time.

How important is it?

The improved small business outlook directly supports ENVA's lending strategy, potentially boosting its revenue and investor sentiment. This strategic advantage could have a meaningful impact on ENVA's price over time.

Why Long Term?

Rising confidence and structural shifts toward alternative financing suggest sustained revenue growth. Historically, increased market reliance on digital lending models has supported long-term expansion.

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, /PRNewswire/ -- Small businesses are increasingly optimistic about their growth expectations in 2025, according to the latest Small Business Cash Flow Trend Report from OnDeck, the leading small business lending company at Enova (NYSE: ENVA) and Ocrolus, the document AI and cash flow analytics platform for lenders.Key findings include: OnDeck (PRNewsfoto/OnDeck) Optimism and Growth: 94% of small businesses anticipate significant or moderate growth in 2025, a 2% increase compared to Q3 2024. Top Challenges: 37% of small businesses cited inflation as a top concern, followed by 30% 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 from 62% 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 EnovaEnova 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 $59 billion in loans and financing. You can learn more about the company and its portfolio of businesses at www.enova.com.About OcrolusOcrolus is a document AI platform that enables faster and more accurate financial decision-making. The company analyzes documents with over 99% accuracy, regardless of format or quality, supporting over a thousand document types, including bank statements, pay stubs, and tax forms. Ocrolus provides a trusted solution to detect fraud, analyze cash flows and income, and streamline decisions for 400+ clients across a number of use cases. Customers such as Enova, PayPal, Brex, CrossCountry Mortgage, Plaid, and SoFi leverage Ocrolus automation to build delightful user experiences. To learn more, visit Ocrolus.com.SOURCE Enova International, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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