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Small business credit in the United States is carrying a split signal into the second half of 2026.
Enova International (ENVA), through its OnDeck unit, released supplemental delinquency and net charge-off data via a Form 8-K Regulation FD disclosure as of July 31, 2026, showing a book that has expanded through the cycle while recent origination vintages season at higher loss rates than older cohorts at comparable periods.
The combined portfolio now exceeds $3 billion in aggregate unpaid principal.
Term loans in the OnDeck comparable serviced portfolio stood at 24,276 accounts carrying $1.75 billion in unpaid principal as of July 31, against 23,611 accounts and $1.56 billion at year-end 2025.
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