New Report: Small businesses anticipate growth in 2024, focused on improving profitability and cash flow | PR Newswire [Video]

New survey analyzes small business sentiment and cash flow data for holistic overview of small business health

, /PRNewswire/ — Today, OnDeck Capital, the leading small business lending company at Enova (NYSE: ENVA), and Ocrolus, the document AI and cash flow analytics platform for lenders, released the first-of-its-kind Small Business Cash Flow Trend Report. The new quarterly report combines small business survey results with cash flow data from companies to provide deeper insights into the overall health and sentiment of small businesses across the United States.

Key findings include:

• Most small businesses are feeling optimistic about growth in 2024 and their ability to expand over the next 12 months.
• A steady increase in revenues supports this optimistic outlook for growth in 2024.
• As inflation cools, businesses are looking to improve profitability and available cash as a way to support growth.
• Hiring qualified staff remains a concern for over half of small businesses.

“Our survey of small business sentiment …