[Karen37a]

I need to correct to Business Backer Parent Company Origination Down 23%


Enova’s Small Business Financing Originations Drop (Enova owns two small business financing subsidiaries, Headway Capital and The Business Backer).

Enova CEO David Fisher revealed last week that their small business financing operations had declined. “Our small business financing portfolio represented 8% of our total loan book at the end of Q2,” Fisher said on the July 26th earnings call. “We are remaining cautious on this space as the market rationalizes. As a result, our loan portfolio contracted 10% year-over-year and originations were down 23% year-over-year.”


Ive been wondering if this is because the tough competition within this space ? Would love to hear from others if the think its across the board with others in the A to Super B funding space ?

I said the numbers were not where people thought they were. Not discussing why...