As a small business owner, you know it takes money to run the day-to-day, and to take your business to the next level. So does On Deck. That's why we simplified the commercial business loans process.
Market Fine Wine & Spirits - Dave Raspallo, owner of Market Fine Wine & Spirits in Johnston, RI was heading into the summer and needed to purchase some inventory. After doing some searching, Mr. Johnston applied for a loan through On Deck. Based on his strong cash flow, On Deck quickly funded his company and he was able to purchase the inventory he needed!
"The On Deck loan has worked out exactly as planned – we used it to buy much needed inventory for the May through July summer busy season. May, June and July were the busiest months in the store’s ten year history for the perspective month. In fact, July was our 22nd consecutive month of highest sales/customers for the month. 2009 was the busiest in the stores then nine year history (by over 30 percent) and 2010 is tracking almost 15% over last year”
- Dave Raspallo, Owner Market Fine Wine & Spirits
Private Chauffer Club - Julien Tumma needed a new office for his fast growing limousine business, but needed a loan in order to move forward. Though he ran a perfectly healthy business, his credit was not excellent, and he knew he needed to look for alternative financing. After doing a quick online search, Julien came across On Deck. After a quick application process, Julien had the $20,000 he needed to expand his business.
"When they (On Deck) explained that my business financial were more important than my credit score, I knew I was talking to the right company".
-Julien Tumma, Owner Private Chauffer Club
Wilson's Heating and Air Conditioning - Over the past 20 years Steve Wilson has grown his company from a one man shop to a fully functional 26 person business. When it was time to purchase a new box truck, in order to continue growing his business, Steve went to the bank for a loan. When the bank would not give Steve a loan he started searching for alternative financing and came across On Deck. Based on Steve's healthy business and excellent cash flow, he was approved and had the money in his bank account in a few days.
“The loan was fantastic for us - it is nice to have someone who actually looks at your business information before making a decision”
- Steve Wilson, Owner Wilson's Heating and Air Conditioning