While traditional banking institutions see a decline in loan inflows, small businesses are increasingly turning to non-bank lenders to secure working capital. Data from the second quarter of 2026 shows that 75% of small business owners are bypassing conventional banks entirely, opting instead for digital-first financial services. This trend underscores a broader transformation in how firms manage liquidity and access credit.
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Small Businesses Pivot to AI and Non-Bank Lenders for Growth
Inflation has reclaimed its position as the primary hurdle for small business owners, yet 93% of entrepreneurs remain optimistic about their growth prospects through 2026. According to a new report by OnDeck and Ocrolus, this confidence is driving a deliberate shift toward AI integration and alternative capital sources.
Simultaneously, the adoption of artificial intelligence has reached 61%, an increase from 58% in the first quarter of the year. For the vast majority of these users—91%—the technology is delivering tangible positive impacts on their bottom lines. Cory Kampfer, Co-President of Small Business Lending at Enova, noted that AI has moved beyond novelty, becoming an essential component of daily operations. The report, which surveyed 805 businesses and analyzed over 3.76 million applications, highlights that while inflation currently concerns 34% of owners, the strategic use of data and automation is helping them navigate these persistent cost pressures.
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