According to the newly released the Q3 Small Business Cash Flow Trend Report conducted by Enova’s OnDeck and Ocrolus, small businesses continue to prioritize non-bank lenders to access capital over traditional funding sources – 73% of small business owners reported bypassing bank loans in favor of alternative lenders. Family-owned businesses expressed a strong desire to ...
Small business owners continue to face unique challenges, especially when it comes to recruitment efforts. Hiring and retaining qualified staff are critical components of long-term growth. However, the strong labor market has led to employee shortages and higher salaries across several industries, causing a majority of small businesses to express concerns over their ability to ...
Cory Kampfer, Co-President of Small Business Lending, and Abisht Raviprakash, Sr. Director of Portfolio Risk & Analytics, recently represented Enova at the 10th annual LEND360 summit, which brought together leaders in online lending to explore fintech industry trends and new technologies impacting consumer and small business lenders, service partners, investors, bank representatives and more. Below ...
Running a small business comes with its fair share of challenges. In an unpredictable world, it’s not only large companies or individuals that face financial ups and downs—small businesses are just as vulnerable to sudden expenses, economic downturns, or unexpected events. Being prepared for anything that could come your way is essential to keeping your ...