Articles
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…
New York City: Let’s Grow Together
Continuing in the tradition of Colorado: Let’s Grow Together – a contest that celebrated our new Denver regional office by awarding $10,000 to a local business, r+d Wine Shop – we’re excited to introduce our next installment, New York City: Let’s Grow Together. Launched on the heels of our Bloomberg visit, we asked New York…
5 Questions With….Nikhil Phadnis & Alissa Deak, Data Scientists
1. Explain what you do in your role with On Deck. NP: I develop and implement various lending policies and credit models that help On Deck provide small businesses with access to capital in an efficient and intelligent manner. AD: I develop innovative ways to improve our credit policy so we can extend loan offers…
What Are Business Credit Cards?
Business credit cards are yet another tool that small businesses have at their disposal to help manage their financing needs. But what are they? What are business credit cards? A business credit card provides access to a line of credit with a set credit limit in order to make purchases and withdrawals. Like a…
The On Deck Team at Dirty Bird
Last week, the On Deck Team took a trip downtown to support one of our long time customers Dirty Bird To-Go. After sampling the delicious cuisine (fried chicken, mac-n-cheese and garlic kale), we sat down with owner and founder Joseph Ciriello to learn a bit more about the history of the Dirty Bird. A seasoned…