NEW YORK, Sept. 9, 2020 /PRNewswire/ -- OnDeck® (NYSE:
ONDK), a leader in online small business lending, today announced a
collaboration with Visa to support businesses through Visa's Small
Business Hub. OnDeck joins a small group of lenders to offer
financing opportunities through the Hub.
The Visa Small Business Hub is designed to give small businesses
the tools and resources they need to build stronger, more digitally
enabled businesses, which is needed more than ever with the impact
of COVID-19. In joining this effort, OnDeck will offer a dedicated
resource page on the Hub to help small businesses understand how
OnDeck is able to support and power their growth and success.
OnDeck's proprietary lending technology enables the company to make
lending decisions in hours, not weeks. With OnDeck's speed in
decisioning, enhanced further by Visa Direct, Visa's
real-time1 push payments
platform, OnDeck can quickly fund completed loans and provide
small businesses with the access to financing they need, when they
need it.
"We are honored to collaborate with Visa on the Small Business
Hub," said Tim Schuermer, Vice
President of Business Development, OnDeck. "OnDeck and Visa share a
commitment to building stronger, more resilient small businesses.
As our nation seeks to recover from the pandemic, the commitment
and mission to support small business is more important than ever
before. OnDeck is joining the Hub at a critical time for millions
of small businesses who are looking for reliable and transparent
information, resources, tools, and financing to make critical
decisions. We look forward to building this joint initiative with
Visa to support and assist businesses as they start, recover, grow
and expand."
The Visa Small Business Hub offers a centralized access point
for businesses to review a broad range of tools, solutions, special
partner offers and actionable tips to support businesses through
COVID and beyond. For more information on the Small Business Hub
visit: www.visa.com/smallbusinesshub
For more information on OnDeck's dedicated resource page on the
Small Business Hub visit:
https://usa.visa.com/run-your-business/small-business-tools/partners/ondeck.html
About OnDeck
OnDeck (NYSE: ONDK) is the proven
leader in transparent and responsible online lending to small
business. Founded in 2006, the company pioneered the use of
data analytics and digital technology to make real-time lending
decisions and deliver capital rapidly to small businesses
online. Today, OnDeck offers a wide range of term loans
and lines of credit customized for the needs of small business
owners. The company also offers bank clients a
comprehensive technology and services platform that facilitates
online lending to small business customers through ODX, a wholly
owned subsidiary. OnDeck has provided over $13 billion in loans to customers in 700
different industries across the United
States, Canada and
Australia. The company has an A+
rating with the Better Business Bureau and is rated 5 stars by
Trustpilot. For more information, visit www.ondeck.com.
Media Contact:
Patrick
Cuff
OnDeck
pcuff@ondeck.com
P: (708) 846-7827
Investor Contact:
Stephen
Klimas
OnDeck
sklimas@ondeck.com
P: (646) 668-3582
OnDeck, the OnDeck logo, OnDeck Score, ODX and OnDeck
Marketplace are trademarks of On Deck Capital, Inc.
1 Actual fund availability depends on receiving
financial institution and region.
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SOURCE On Deck Capital, Inc.