Enova lends money through websites. Its customers are American households and small businesses that have bank accounts but struggle to borrow from banks. A household may take an installment loan, repaid in fixed amounts over months, or a credit line. A small business may use Enova's OnDeck or Headway Capital financing. Almost all revenue comes from the United States. Enova earns the interest and fees borrowers pay. It keeps what is left after unpaid loans, running costs and the cost of its own borrowing.
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