Articles
When You Need to Get a Business Loan Fast
There are times when a small business owner doesn’t have the luxury of weeks or months to find a small business loan for his or her business. Sometimes an opportunity to purchase inventory at a discount, launch a marketing campaign, or even deal with a crisis happens so quickly they need access to capital right…
Getting a Small Business Loan—What You Need to Know
At OnDeck (learn more about our business loans here) we’ve delivered over $2 billion to businesses since we started making small business loans in 2007. After talking to all of those business owners—and countless others—many tell us they wish that had known how to better prepare for the search for a loan. With that in…
5 Rules for Conducting Killer Job Interviews
The interview is the meat in the sandwich of your hiring process. A huge amount rides on getting interviews right—you have maybe 30 minutes to determine whether someone is a fit to join your team, and to leave a good impression on them. But few small business owners are trained in how to ace interviews…
OnDeck is Expanding in Canada: Welcome to Our Canadian Neighbors
Since 2007 we’ve delivered over $2 billion to businesses all across the United States in more than 700 industries and have been lending in Canada since 2014. Today we’re announcing that OnDeck will now be offering loans up to $150,000 (CAD) to the approximately 1.1 million small businesses in Canada. Small business is the lifeblood…
How to Hire the Best Person For Your Small Business
Hiring is one of the most critical, and difficult, tasks for many small business owners. You may wind up with an urgent need to fill a position, but you don’t want to just hire anyone — finding the best possible person is critical. Still, how do you find that person, and still have time to…
OnDeck Customer Success Story: CyberImaging Systems
Hal Wilson of CyberImaging Systems needed a short-term small business loan to help him over a cash flow crunch, to meet some marketing expenses, and ramp up for a new customer. After completing the application, he had the cash he needed in less than 24 hours. Check out what he calls the three benefits to…
How to Keep Your Best Salespeople Happy (And Selling)
Salespeople may seem easy to find, but top-performing salespeople are not. Once you’ve put the time and resources into attracting a top talent, or developing skills in a new hire, you’ll want to invest time and energy into retaining them. To accomplish this goal, and hold on to your best salespeople, follow these 4 steps:…
Put Friends and Family Business Loans in Writing
According to the Pepperdine Graziadio School of Business Management’s most recent Private Capital Access Index for Q1 of 2015, small business financing success rates for loans from friends or family remain very high for business owners seeking financing. 68 percent of the business owners surveyed who sought funding from a friend or family member found…
OnDeck Customer Success Story: Procraft Interiors
When Tom Bernard wanted to expand his New York construction company, Procraft Interiors, the bank wasn’t too interested in helping him access the money he needed. After noticing a social media add for OnDeck, he decided to give us a try. It didn’t take long before he had the capital he needed to expand and…
Don’t Enter a Business Partnership Until You’ve Answered These Five Questions
In many ways, entering a business partnership can be compared to entering a marriage. There’s an intense level of trust and commitment required from the people involved, and the relationship takes ongoing work and attention in order to thrive. Which means that, just as you would consider many factors carefully before getting married, so should…
6 Ways Marketing Can Make or Break Your Business
The point of marketing is to show current customers that you value their business, and to win the attention of potential customers. A business that consistently shows how much it values customers can consistently win customer attention. Here are six areas in which marketing can lead you to make decisions that will help your bottom line,…
A “Fair” Personal Credit Score Can Cost You
We’ve talked before about how a low personal credit score makes it harder to get a small business loan—along with how a good personal credit score often leads to more favorable loan terms and lower interest rates. Credit.com has introduced a Lifetime Cost of Debt calculator that gives you visibility into what credit might cost…
The 4-Step Guide to Reclaiming Your Time, While Still Growing Your Business
There’s a trap that many small business owners fall into, often without realizing it. Days are constantly packed, and the work week only seems to get longer, but there never seems to be enough time to slow down and handle certain tasks. Business consultant Joanne Macdonald has created a system for escaping this trap, and…
OnDeck Customer Success Story: Grand Slam Market
After purchasing the Grand Slam Market in Fallon, Nevada, new owner Cheryl McCormick saw the need to expand her business and started looking for financing to purchase a new walk-in cooler. After being turned down for an SBA loan at the local bank, they suggested she contact OnDeck. After completing a simple online application, she…
These 6 Steps Will Help You Hire Salespeople Who Deliver
If you’re looking to hire a salesperson, there are many candidates out there. But if your goal is to impact your company’s bottom line through smart and strategic hires, you’ll need to find and hire only top performers—a much harder task. To create a recruiting process that weeds out average performers and gets you to…