Enova's Small Business Loan Originations Reach $1.4B in Q3 2025
Enova has set a new internal quarterly record for small business loan originations, with $1.4 billion in Q3 2025.
Since our acquisition of OnDeck five years ago, we’ve not only maintained our strong profit margins, we’ve done so while cutting our consolidated net charge-off rate in half.
According to Enova CFO Steven Cunningham, the company's major indicators suggest that small businesses are performing well. Cunningham is scheduled to replace David Fisher as CEO in January.
Key highlights include:
- $1.4 billion in small business loan originations in Q3 2025
- Consolidated net charge-off rate cut in half since the acquisition of OnDeck
- Strong profit margins maintained
Author's summary: Enova reaches $1.4B in Q3 small business loans.
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