CHICAGO, Sept. 26, 2024 /PRNewswire/ -- Small businesses are overwhelmingly optimistic about their future growth, 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:
Optimism and Growth. A large majority of small businesses remain optimistic about business growth opportunities over the next 12 months.Payments: The use of alternative and digital payment methods continues to grow, as 60.8% of businesses reported accepting alternative payment methods, up from 54.5% in Q1. This movement indicates an increasing level of interest from customers for more flexible and convenient payment options.Alternative Financing: Small businesses are becoming less reliant on traditional banks for capital – nearly 75% of small businesses reported bypassing a traditional bank loan and instead sought out alternative lenders as their primary funding option.The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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