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State: 17.08.2024 | 11PM
Tue, 26.11.2024       Enova International

CHICAGO, Nov. 26, 2024 /PRNewswire/ -- Small businesses remain optimistic about future growth heading into the holiday season, 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: 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.

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