“One person wanted us to run their entire business – 100 hours a month. Those are the clients we want. Now I don’t have to hesitate about whether we can handle the work. I can say yes.”
"Even though I've been using my bank since I started my business, they've never been able to help me with a business loan. The Kabbage loan process was the opposite – quick and simple, and I was able to do everything online."
OnDeck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market underserved by banks. Through the OnDeck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history. The OnDeck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
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