Articles
OnDeck Main Street Tour: Denver, Colorado
Following our success in Tampa, Washington DC, Chicago and Minneapolis, COO James Hobson headed to Denver to continue the OnDeck Main Street Tour tradition of visiting with real customers to get unfiltered feedback. We started the day with Tom Schumacher, who opened Hot Cakes Diner in Denver nearly 12 years ago. After growing his business…
What is a merchant cash advance?
At OnDeck, we understand that accessing capital can sometimes feel like a daunting undertaking for business owners. That’s why, every Wednesday, our blog will contain “Humpday Help” to provide you with important and useful information about the different types of financing available to small businesses. In today’s blog post, we’ll explore merchant cash advances. You…
Mile High City: Our New West Coast Home
This week, On Deck reached a major milestone by opening its new regional office in Denver, Colorado. Our new West Coast operations are already home to 16 employees, and we’re looking forward to expanding to over 200 in the next two years. To commence the opening, we were honored to be joined by Colorado Governor…
Introducing OnDeck Term 24
Exciting news for established small businesses out there – OnDeck is now offering a new loan product called OnDeck Term 24. Known as Term 24, this new loan product will help qualified businesses quickly and seamlessly get approved for larger loans with two-year terms and pricing that is competitive with traditional lenders. Term 24 is…
Small businesses are divided over the proposed minimum wage increase
President Obama announced earlier this month that he is aiming to increase the national minimum wage for federal workers from $7.25 to $10.10 by 2016, and small businesses are largely divided on the issue. Many small businesses employing doctors, electricians, plumbers and other high skilled workers are already paying above the minimum wage. However, businesses…
What Is a Business Credit Score?
According to Entrepreneur Magazine, less than 10% of all business owners understand how business credit is established1. However, if you want to access capital, it’s important to understand your business credit profile. So, what exactly is a business credit score? Your business credit score is compiled from credit obligation information, legal files, and background information…
OnDeck Main Street Tour: Day 4, Minneapolis
With a whirlwind week with visits in Tampa, Washington DC and Chicago, Noah headed off to Minneapolis for the last – and coldest – leg of the tour. To start the day, Noah appeared on KMSP TV’s Morning Buzz with Tom Butler to discuss the top 5 tips for small business financing, alongside our customers…
OnDeck Main Street Tour: Day 3, Chicago
With incredible stops on Monday in Tampa and on Tuesday in Washington, DC, CEO Noah Breslow headed to Chicago along with Kimberly Solarz, Marketing Communications Manager, to continue his mission of visiting as many small businesses as possible in 1 week. To start the day, Noah and Kimberly went to chat with a true Chicago…
OnDeck Main Street Tour: Day 2, Washington DC
With a successful day in Tampa under their belt, CEO Noah Breslow and SVP of Marketing Andrea Gellert headed north to the Washington, DC metro area to continue their mission of visiting as many small businesses as possible in one week. The first stop was to Denise Medved of Metro Cooking in Annandale, VA. A…
OnDeck Main Street Tour: Day 1, Tampa, Florida
This week, OnDeck CEO Noah Breslow set out on a mission: to visit as many customers as possible in one week. Though no easy feat, Noah is traveling across the country – from Tampa, to Washington DC, to Chicago, to Minneapolis, to get unfiltered feedback about what it’s really like to be a small business…
Ron’s Small Business Lesson: Pay it Forward
At OnDeck, we understand the dedication and hard work required of our customers to do what they do every day: run their business. Never has this been more evident to us than when we hit the road and headed down to Asbury Park, New Jersey after receiving an invitation from our customers Ron Wendolowski and…
Leef’s Small Business Lesson: Know Your Community, Know Your Customer and Know What Sets You Apart
At OnDeck, we value the uniqueness of each and every one of our customers. No two small businesses or business owners are quite alike – and we strengthened our appreciation of this when our CEO Noah Breslow visited San Francisco, CA-based Leef Smith, owner of Mission: Comics & Art. Starting Out: Leef began his career…
5 Questions With Tim Schuermer, Platform Partnerships
1. Explain what you do in your role with On Deck. TS: I help organizations find innovative, more efficient solutions for connecting their small business customers to capital. Our Platform Partnerships include accounting firms, payroll processing firms, merchant processing firms, big box retailers, and even banks. 2. Why did you decide to join On Deck?…
OnDeck Ranked #20 in SellingPower Magazine’s 50 Best Companies to Sell For List
This week, OnDeck was ranked #20 in SellingPower Magazine’s 2013 50 Best Companies To Sell For List. The list represents the best sales forces in the United States focused on customer growth and retention; hiring, compensation, sales training, and enablement; and company recognition and reputation, and includes such powerhouse names as Google, Microsoft and FedEx.…
5 Questions with…Jeff Wong, Senior Manager of Business Analysis
1. Explain what you do in your role with OnDeck. JW: Like most OnDeck veterans, I’ve worn many hats since my start date. I’ve worked on everything from office administration to assisting senior management raise debt and equity for the company. Right now, I’m focused on developing enhanced KPIs (key performance indicators) for the various…