NYSE:ENVAConsumer Finance
How OnDeck’s $261 Million Securitization Move Could Reshape Enova (ENVA)’s Small Business Lending Strategy
OnDeck Asset Securitization IV, LLC, a subsidiary of Enova International, recently announced the planned offering of approximately US$261 million in fixed rate asset-backed notes through a private transaction, with proceeds being used to purchase small business loans as collateral.
This move signals Enova's intent to further leverage its small business loan portfolio, potentially strengthening its funding structure and future lending capacity.
We’ll explore how this asset-backed notes...