Articles
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…
OnDeck Named to Inc. 500|5000 List for Second Time
This week, OnDeck was named to the Inc. 500|5000 list – for the second year in a row! The list represents the most entrepreneurial and fastest growing companies in America, and includes such powerhouse names as Intuit, Zappos, Microsoft and Pandora Ranked at #660 overall – #41 among top financial service companies and #55 among…
The OnDeck Team at El Camion
“I really liked the online process – it was very quick and easy. With my upgrades, El Camion is on track to have its best fall season yet.” It was inspiring to hear these words from recent customer David Duran from El Camion Cantina when we visited last week, continuing our tradition of supporting local…
1 Simple Rule for Building Better Business Credit
Ever heard of the “5-3-2 Rule”? Neither had we, until we saw this infographic from Bank of America. Having a strong credit profile is key for any business looking to secure financing, and this rule helps business owners stay on track as they build their business credit. Maintain 5 active trade accounts If you want…
Introducing the OnDeck Main Street Pulse Report
Today, OnDeck released findings of its 2013 Main Street Pulse Report, a small business trends study. We gathered data from over 500 survey responses and approximately 10,000 small business loan applicants across 700 industries nationwide to gain a comprehensive understanding of Main Street sentiment. While the majority of respondents are optimistic – 73% are hopeful…
The Fastest Ways to Give your Business Credit Score a Boost
As we’ve previously discussed, few factors are as important when it comes to accessing small business financing as your business credit score. In fact, both your personal and your business credit scores are some of the first things that lenders look at when you apply for a loan on behalf of your business. So what…
4 Business Credit Blunders to Avoid
The credit score that your small business maintains is possibly the single most important factor determining your access to small business loans and other forms of financing support. So you don’t want to make any missteps that could set that score back! A few potential blunders are listed below – do anything possible to ensure…
The Summer’s Best Business Credit Cards
All entrepreneurs have a number of different options they can turn to for small business financing, such as banks, lines of credit and direct lenders like OnDeck. Another common option, business credit cards, provides access to a line of credit in order to make purchases and withdrawals, and are ideal for tracking expenses by division.…
The On Deck Team at Waterfront Wines
At On Deck, we’ve been making a concerted effort to spend more time with our local customers such as Dirty Bird To-Go and La Pasta Bistro Grill. We’re always interested to learn more about the business owner’s journey, especially how they’ve been able to grow. That’s why we were thrilled when one of our customers…
When Should You Open a New Business Credit Card?
(Looking instead for information on Credit Card Advances? Check out our explanation page here.) Business credit cards are commonly used as a source of small business financing. According to the U.S. Small Business Administration, 65% of small businesses use credit cards to fund their budgets, at least partially. There are many questions that all small…
The On Deck Team at La Pasta Bistro Grill
Continuing in the tradition of Dirty Bird To-Go, the On Deck Team took a trip to one of our local customers La Pasta Bistro Grill in the West Village last week. After dining on the authentic Italian food, we sat down with owner Nazmul Chowdhury to learn more about his experience as a restaurant owner.…
What You Should Know About Google Ventures’ Investment in On Deck
After we closed our Series D back in February, we had some additional interest from other equity investors. With On Deck growing at a rapid rate of 100% in the past year, several investors stood apart as being really valuable partners to work with as we scale. We’re excited and humbled to officially announce a…