Is there an echo?
"There's plenty of demand within our ROE targets on the SMB side. We're just not convinced the risk reward is there right now again given the uncertainty in the economy, a extra few percentages of origination growth for us this year is pretty inconsequential."
- David Fisher, CEO, Enova, 7/25/23
"There's tons of demand. We’re just taking our time intentionally given the macro."
- Asha Bakshani, CFO, Lighstpeed, 8/3/23
Two small business finance companies, one a big online lender, the other a POS platform offering MCAs, have both signaled that there is a lot of demand right now. Both are simply deciding how much volume they want to produce each quarter. Apparently, competition is not even something to worry about! It's interesting to hear that perspective given that small business funding is oft considered to be a mature and perhaps even saturated industry. Turns out that's way off! Straight from the top, "there's tons of demand" and "plenty of demand." Act accordingly and happy funding out there. Demand is not the issue.
- The admin
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