Articles
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…
What does your business credit score actually mean?
We’ve already discussed what a business credit score is and how to find it, but what do business credit score numbers actually mean in regard to your business? A business credit score can impact your ability to obtain small business financing or a small business loan. Credit scores are only one part of the loan…
Mayor Bloomberg Steps Up to Bat #MadeinNY
It was a pretty epic week for the On Deck Team. CEO Noah Breslow was featured in Forbes; we announced our Colorado: Let’s Grow Together winner r+d Wine Shop; and New York City Mayor Michael Bloomberg officially “opened the doors” to our new offices at an inaugural press conference. With our rapid growth – increasing…
Colorado: Let’s Grow Together
To help celebrate the opening of our new regional Denver office, On Deck is giving one deserving Colorado business $10,000 to help grow. We received hundreds of incredible entries from a wide range of local businesses, and narrowed it down to our top 5 based on uniqueness and aspiration. Now, it’s up to you –…
What is a business line of credit?
(For information on OnDeck’s business line of credit product, visit this page.) Our Humpday Help section is designed to provide business owners useful and helpful information about the different types of financing available. Last week, we explored merchant cash advances. This week, we will examine business lines of credit. What is a business line of…
Carissa Reiniger: On a Mission to Thank Small Businesses
This week, the On Deck Team sat down with the brains behind Thank You Small Business – the movement to raise awareness about the impact small businesses have on the national economy. As a big supporter of the grassroots movement, we wanted to share Carissa’s story and let others know how they can get involved.…
The Big Business of Small Business
Connecting Main Street to capital is vital, and serves as a vehicle for helping the overall economy. Studies show job creation, community outreach and “green” practices all tie back to small business. As a company, we’re dedicated to helping small businesses grow. That’s why we want to start sharing helpful information and data on the…
On Deck Team Boosts Efforts to Connect Small Businesses to Capital by Securing $42 million in Series D Financing
Yesterday, the On Deck Team announced it has raised $42 million in Series D growth financing led by a new investor, Institutional Venture Partners (IVP), alongside current backers RRE Ventures, SAP Ventures and First Round Capital. It was an exciting day over at our NYC headquarters, with plenty of media buzz from Bloomberg, TechCrunch and…