Category: Business Financing
Thinking about applying for a direct loan? Read this first.
While applying for a direct loan is faster and requires less paperwork than applying for a traditional loan, it’s important to still be prepared. Noah Breslow, CEO of OnDeck, sat down with MSNBC to discuss a few best practices for small businesses looking to start the application process with a direct lender. 1. Presentation matters…
Everything You’ve Always Wanted to Know about Angel Investing
In recent years, the number of accredited angel investors has risen sharply, providing many new financing opportunities for business owners. What is an angel investment? An angel investment comes from a specific affluent individual and grants a large amount of funds to an existing business or a start-up. Traditionally, these investments are not treated as…
What is Receivables Financing?
Small business owners have many options when it comes to financing. We have previously discussed peer-to-peer lending, business lines of credit, and merchant cash advances, to name a few. So what is receivables financing? What is receivables financing, and how much does it cost? Receivables are defined as amounts owed to a business – essentially…
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…
Personal Credit Score is the Tyrant in Lending
This July, the NY Times had a great article titled “Credit Score is the Tyrant in Lending”. The piece was focused on credit score in relation to consumers getting mortgages, and many of the issues are exactly the same when it comes to getting a small business loan. Some of the quotes that hit home…