Articles
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…
On Deck Named to Forbes’ List of America’s Most Promising Companies
The On Deck Team was thrilled today to learn we’d been named to the Forbes’ List of Most Promising Companies in America. Coming in at #94 alongside some of the best and brightest in the country, we’re excited to be placed among the fastest growing companies in America. CEO Noah Breslow said, “We are honored…
Hobbies Cost Money…Businesses Make Money
On Deck is excited to announce its role as a sponsor for “Thank You Small Business,” a movement to create awareness and support small businesses nationwide. The campaign is seeking to raise the general public’s awareness about small business’ true impact on the economy. According to TYSB, small businesses accounted for 68% of new jobs…
5 Questions With…Josh Jones, Senior Account Executive
1. Explain what you do in your role with On Deck. I explore, develop, and contract financial institutions such as independent sales organizations, small business funding advisors, leasing brokers and other companies to strengthen the business’ sales with On Deck. By helping expand their operation or fine-tune efficiencies, I increase our partners’ profitability and units…
New Year, Same Mission
The On Deck Team had a record breaking year in 2013 with a growth rate of over 100% and more than $350 million delivered to small businesses nationwide. By tripling the number of distribution partners to 1,500 nationwide, expanding our bank partnerships, and unveiling the On Deck API, we continued to advance our mission of…