“Small businesses face myriad challenges, from inflation to hiring and retaining qualified staff. In understanding how these challenges affect small businesses, cash flow data can provide valuable context on their overall financial health.
In a new quarterly report in partnership with OnDeck Capital, the leading small business lending company at Enova, [Ocrolus] used this data, often used by lenders to make more informed financial decisions, to take a first-of-its-kind look at the overall health and sentiment of small businesses across the United States.
By combining survey results with cash flow data, the report offers a deeper look at how small businesses are faring in today’s unpredictable economic climate – and reveals a spirit of optimism about what lies ahead in 2024.“
