On Deck Capital - Small Business Loans and Working Capital

NSBA

On Deck Supports "America's Small Business Advocate"

Welcome To On Deck! As a partner of the National Small Business Association, we're excited to offer you discounted pricing on small business loans in as fast as 7 business days.

Our true business loans are tailor-made for Association members; we understand running your own business isn't a 9 – 5 job. So, we've made our small business loans, simple, fast and easy.

Whether you're looking to purchase inventory, commence a facility upgrade, launch a marketing campaign, or even additional working capital, On Deck can help Association member achieve their business objectives.

Or Call Now to Speak with a Loan Specialist: (866) 779-1583

On Deck Launches API

On Deck Launches API Giving Direct Access to Leading Small Business Lending Platform

API Enables Partners to Meet Increasing Demand from Small Businesses Nationwide

(New York, NY) January 10, 2012 – On Deck the technology platform that connects Main Street directly to capital, announced today the availability of their Application Programming Interface (API) Version 1.0.   This gives banks, online service providers to small businesses, and the over 800 On Deck Funding Advisor partners integrated access to the On Deck platform, which includes their powerful credit decision and application submission system. Through the API, these third parties can now incorporate On Deck’s loan origination and credit scoring functionality into their own software applications, bringing increased efficiency to the small business lending process without adding additional steps to the workflow or user experience.

The initial version of the On Deck API supports two primary functions: credit pre-qualifications and application submission. Credit pre-qualification allows banks and other financial services firms to instantly screen their clients to determine if they are a fit for a short term business loan and how much capital they qualify for. This creates an important tool for banks whose primary product may not serve Main Street business owners, but who want a solution to meet the business’ capital requirements.

The second function allows third parties to submit loan applications directly from their own Customer Relationship Management (CRM) systems or online portals, eliminating multiple data entry steps and redundant entry of small business information.  Additionally, the On Deck API makes customer interactions more productive by enabling immediate pre-qualification and application submission.

“Small business lending options are notoriously difficult to navigate for small business owners and those who help them obtain financing,” said Noah Breslow, chief operating officer, On Deck. “We launched this API to make it easier for our partners to leverage the On Deck platform to supply financing to their customers. We are committed to helping solve the problems on Main Street through technology – ultimately making it easy for underserved small businesses to receive the capital they need in a highly efficient manner.”

Lendio, a leading online service that matches small business owners with lenders, is currently leveraging the On Deck API to instantly pre-qualify and match business owners with On Deck. “Lendio saves business owners time and effort by providing a fast and accurate match with prospective lenders,” said Levi King, president, Lendio. “The On Deck API allows us to quickly and accurately gauge which of our users are the best candidates for On Deck financing.”

On Deck’s API is built according to industry practices for third-party web services. Sample code, developer support and implementation guides are supplied to all partners granted access to the API.   For new or existing On Deck partners that want to learn more about the On Deck API, please visit ondeckcapital.com/api or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

About On Deck

Launched in 2006, On Deck Capital uses data aggregation and electronic payment technology to evaluate the financial health of small businesses and to efficiently deliver capital to a market underserved by traditional bank loans.  Through the On Deck Capital platform, millions of small businesses can obtain affordable loans to meet their daily operating and long term goals.  The company’s proprietary platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner’s personal credit history.  The On Deck system also provides a critically needed mechanism for commercial institutions to efficiently reach and serve the historically underserved Main Street small businesses market.

On Deck Capital is financed by some of the nation's leading venture capital firms, including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures. For more information, please visit: www.ondeckcapital.com.

Media Contact:

Jonathan Cutler/Tracy Rubin

JCUTLER media group

818.981.3023

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On Deck's Strong Presence @ BAI

On Deck’s Strong Presence at BAI

On Deck had a strong presence at this year’s BAI trade show, Retail Delivery, the largest retail financial services event in the world. Attended by hundreds of influential banking professionals, the conference was an excellent opportunity to showcase our technology and recent accomplishments. 

Our founder, Mitch Jacobs led a panel titled “The Main Street Opportunity: How Technology Is Changing Small Business Lending,” alongside Bob Kaufman, Senior Vice President for U.S. Bank’s Small Business Segment. With more than 130 people in attendance, On Deck shined as a key element to this small business lending sector by demonstrating how the our platform can be leveraged by banks to increase their small business lending.

Former President Clinton shared his insight on the industry and recognized On Deck – the only company he mentioned – during his inspirational keynote speech, referencing their commitment to delivering capital where it matters most – to Main Street businesses.

NetBanker – the leading financial technology publication reviewed the show and referred to On Deck’s small business credit/lending engine as “most likely to change the world.”

While we know our platform is fundamentally improving capital access for small businesses nationwide, it’s always nice to have a nod from the former President of the United States!

A successful show indeed.

Proven Technology Platform Grows 50% in Just 8 Months, Deploying Capital to Critically Underserved Main Street Market

Proven Technology Platform Grows 50% in Just 8 Months, Deploying Capital to Critically Underserved Main Street Market

NEW YORK, Sept. 19, 2011 /PRNewswire/ -- On Deck (www.ondeckcapital.com), the technology platform that connects Main Street businesses directly to capital, announced today it has delivered more than $150,000,000 to thousands of restaurants, retailers and other service providers nationwide. In January, On Deck passed the $100,000,000 milestone; today's announcement represents a 50% growth surge in just 8 months. This growth, which has accelerated steadily month over month, further validates the company's technology platform as a key solution to America's small business lending challenges.

Previously, small business lending in the United States has relied primarily on the personal credit score, preventing millions of healthy Main Street businesses from accessing the capital they need to hire new employees, operate and expand.  On Deck has successfully removed the personal credit score by using technology to create a highly efficient and cost effective way to identify credit-worthy Main Street businesses.

"We launched On Deck to fundamentally change the way Main Street businesses access capital," said Brad Kime, president, On Deck. "The On Deck platform has now delivered more than $150 million to this critical segment of the economy, and we look forward to delivering more capital to millions of Main Street businesses that need it to grow."

Through the On Deck platform, thousands of healthy Main Street businesses that historically were denied capital due to their personal credit score have now been able to purchase equipment, launch marketing campaigns, and most importantly hire employees. Of the $150M On Deck has delivered, Main Street retailers and restaurants have each received more than $30M; automotive and healthcare practices have seen over $15M each; and millions more has been delivered to businesses ranging from salons and spas to dry cleaners and small manufacturers.

On Deck's platform is a proven system that evaluates the creditworthiness of small businesses based on factors reflecting the true health of a business – rather than the traditional benchmark of the personal credit score – including cash flow and business credit data. The typical On Deck customer is a "Main Street" business (retailer, restaurant, salon, dentist, florist, etc.) that has been in business more than one year and has revenue between $300,000 and $3,000,000.

To learn more about On Deck, please visit www.ondeckcapital.com.  If you are interested in speaking with On Deck's president Brad Kime, please contact  This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

About On Deck

Launched in 2006, On Deck Capital uses data aggregation and electronic payment technology to evaluate the financial health of small businesses and to efficiently deliver capital to a market underserved by traditional bank loans.  Through the On Deck Capital platform, millions of small businesses can obtain affordable loans to meet their daily operating and long term goals.  The company's proprietary platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner's personal credit history.  The On Deck system also provides a critically needed mechanism for commercial institutions to efficiently reach and serve the historically underserved Main Street small businesses market.

On Deck Capital is financed by some of the nation's leading venture capital firms, including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures. For more information, please visit:www.ondeckcapital.com.