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For Immediate Release

On Deck Capital Launches First-Ever Cash-Flow Driven Online Small Business Loan Application

'Instant Decision' Technology Reduces Lengthy Loan Approval Process and Pre-Qualifies Businesses for up to $50,000 in Under Five Minutes

(New York, NY) September 29, 2009 – On Deck Capital (www.ondeckcapital.com), a leading provider of small business financing solutions, unveiled today their Instant Decision lending technology that could help thousands of small business nationwide gain immediate loan pre-qualification. In an industry first, On Deck Capital can now connect real-time performance data into an electronic credit decision. Through Instant Decision, the company can examine the financial health of the business borrower by tapping into their cash flow performance, as well as business credit and personal credit data. The company then immediately makes a decision for pre-qualification of a loan, thus transforming the business loan process.

The Instant Decision technology leverages On Deck's capabilities to capture and analyze data to evaluate populations underserved by traditional bank loans. Instant Decision eliminates the historically lengthy and document-heavy loan application process. Typically a small business must gather their financial statements and wait for their finance company to analyze them which often takes weeks. A small business can now get an answer on a working capital loan – up to $50,000 -- in just five minutes.

"We have essentially converted days, even weeks, into seconds for small business lending approval," declared Mitch Jacobs, founder and chief executive officer, On Deck Capital. "Instant Decision will fundamentally change the lending landscape and in effect begin to help rebuild the cornerstone of the American economy – small business."

When approval of a loan sometimes means the difference in survival, Instant Decision helps small business owners quickly take the first step towards securing financing. Instant Decision is also a complementary technology for banks that cannot afford the resources for an in-depth credit review of a small business, yet value the customer relationship.

Once the small business applicant grants Instant Decision secure, read-only access into their business bank account, On Deck Capital quickly assesses in real-time the performance and health of the business. The company will then immediately make a decision for pre-qualification of a loan. In addition to the immediate pre-qualification, applicants are given a Business Performance Report that evaluates the overall health of their business. This, coupled with On Deck’s ability to execute daily monitoring of small business financial data, ensures that the loan size is responsibly suited to the business’ cash flow while lending risk is minimized. This enables On Deck to help many small businesses gain immediate business capital, and also help them achieve success over the long term.

According to the Small Business Administration, loan defaults have hit an all-time high and are in the double-digit percentages, and bank loan applicants are getting denied at a rate of more than 70%. Instant Decision is a highly scaleable and immediate solution to this financial crisis, and will help overcome the hurdle of inefficient loan distribution to millions of small businesses.

For more information on Instant Decision and On Deck Capital please visit: www.ondeckcapital.com.

About On Deck Capital
On Deck Capital offers fair and fast financing to small businesses that do not meet traditional bank lending criteria. Through the company's network, millions of small businesses can obtain affordable loans to meet their daily operating and long term goals. The company's proprietary underwriting and loan processing platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner's personal credit history. On Deck Capital is making financial history by enabling institutional funds to directly reach Main Street for the first time. On Deck Capital is financed by some of the nation's leading venture capital firms, including Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures. For more information, please visit: www.ondeckcapital.com.