Articles by deBanked Staff
PayPal: Business Loan and Working Capital Originations of $600M in Q3
November 3, 2025PayPal originated approximately $600M in business loans and working capital loans in the third quarter. A financial institution makes the loans to their clients and PayPal purchases the receivables and services the portfolio. Under this basis the company has purchased $1.6B worth of receivables for the first nine months of 2025.
“The allowance for credit losses at September 30, 2025 for our merchant receivable portfolio was $163 million, an increase from $113 million at December 31, 2024,” PayPal stated in its earnings report. “The increase in allowance for credit losses was related to a decline in credit quality of merchant loans outstanding primarily from modifications in acceptable risk parameters in 2024, which included broadened eligibility. In the second quarter of 2025, we updated our expected credit loss model for all portfolios to utilize multiple economic scenarios rather than the single scenario previously utilized. These changes did not have a material impact on our allowance for credit losses in the period.”
deBanked CONNECT MIAMI – Feb 12, 2026
October 31, 2025
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Enova: $1.4B in Small Business Loans in Q3 2025
October 30, 2025Enova continued to set a new internal quarterly record for small business loan originations with $1.4 billion in Q3.
“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,” said Enova CFO Steven Cunningham during the recent earnings call. Cunningham is scheduled to replace David Fisher in the CEO role this coming January.
Meanwhile, all the major indicators they review continue to show that small businesses are doing well.
“Insights from internal and external sources reflect solid underlying trends for small businesses,” said Fisher. “In conjunction with Ocrolus, we released the eighth iteration of our small business cash flow trend report earlier this week. This offers key insights into the state of small businesses and highlights ongoing trends observed over the past year. Small business confidence is high, as tariffs remain manageable and the economy, and in particular consumer spending, remained strong.”
OppFi: ‘Bitty is a Great Partner’
October 29, 2025Bitty generated $1.4 million in equity income for OppFi in Q3. OppFi, publicly traded, owns a 35% stake in Bitty.
“Bitty is a great partner that we have enjoyed working with and learning from in the SMB space,” said OppFi CEO Todd Schwartz during the company’s Q3 earnings call. “The company shares OppFi’s business principles and corporate values and consistently uses technology to enhance operations and the customer experience. Bitty has identified significant additional growth opportunities and continues to capitalize on the ongoing supply-demand imbalance in the small business revenue-based finance space.”
Overall, OppFi said it had delivered another strong quarter that had outperformed expectations. It raised earnings guidance for the third time this year.
See You in Las Vegas for B2B Finance Expo
October 24, 2025The team is now heading to Las Vegas for B2B Finance Expo. Hopefully you have your ticket already to the two-day conference taking place on Oct 28-29 at the Wynn in collaboration with the SBFA.
Here’s what you need to know:
For Merchants: It’s Not Just Cards vs. Cash Anymore
October 22, 2025
38% of small businesses accept Zelle as a form of payment, according to the latest Small Business Cash Flow Trend Report produced by OnDeck and Ocrolus. 29.2% accept Venmo and 28.6% accept PayPal. Apple Pay / Google Pay and CashApp were right behind them at 22.6% and 16.4% respectively.
These figures emphasize the diversity of payment streams that Main Street has now become accustomed to. Long ago it was simply cash vs. card. 40.1%, however, said that they still don’t accept any alternative payment methods at all.
The survey did not ask if businesses accept Bitcoin or crypto but it could in the future. Block, for example, which owns CashApp, recently began rolling out Bitcoin acceptance tech to all of its Square merchants.
While small businesses have historically been cost conscious about which payment method they prefer to accept payments, 31.6% of those surveyed said they passed their credit card processing fees on to their customers.
See Who’s Speaking at B2B Finance Expo
October 10, 2025See who’s speaking at B2B Finance Expo: Speaker page | Agenda Page
Register Here
People Are Using AI as a Replacement for Search
October 6, 2025It used to always be Google when it came to search, but a recent study shared by OpenAI shows that people are using LLMs in a manner that is very similar to how they used Google.
21.3% of ChatGPT interactions, for example, are about seeking information, 28.3% are about practical guidance, and 7.5% are about technical help.
The data was based on 1.1 million sampled conversations between May 15, 2024 and June 26, 2025.
“While users can seek information and advice from traditional web search engines as well as from ChatGPT, the ability to produce writing, software code, spreadsheets, and other digital products distinguishes generative AI from existing technologies,” the report says. “ChatGPT is also more flexible than web search even for traditional applications like Seeking Information and Practical Guidance, because users receive customized responses (e.g., tailored workout plans, new product ideas, ideas for fantasy football team names) that represent newly generated content or novel modification of user-provided content and follow-up requests.”
ChatGPT’s crossover as a search engine is already going one step further. Last week the company announced that it was partnering with Stripe on in-chat checkout.
“The flow is simple: a ChatGPT user asks for product recommendations in the chat,” Stripe said of it. “When they are ready to buy, they are presented with a Stripe-powered checkout inline in the chat.”
And just as recently, ChatGPT is now also leaning into auto-complete queries, similar to what Google already does.
Typing “line of cred” into a query box, for example, shows “line of credit options for small businesses” as a potential query for the user to choose from.
