On Deck was founded to bridge the gap between traditional business loans and the high-priced alternatives. We’re a smarter option for the millions of businesses that just miss the cutoff or don’t have time to wait for traditional loans.
Your personal credit score is the primary factor considered by traditional lenders, but we know that it does not reflect your true success; sometimes it even exaggerates your struggles. In response, On Deck has developed an innovative way to look beyond these lending criteria. On Deck reviews your company’s cash flow to determine your eligibility, so that we can offer performance-based loans to businesses that were previously locked out of needed capital.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 01/01/11 | Series C | 15M | Unknown | |
| 08/01/11 | Series C | 4M | Unknown |
People
Mitch Jacobs (CEO)
Noah Breslow (Senior Vice President, Products and Technology)
Michael Johnston (Chief Financial Officer and Senior Vice President, Processing Operations)
Competitors
RevenueLoan:
We are technology entrepreneurs ourselves - our principals have built and sold several high-tech companies. Revenue… See Company Profile »
IOU Central:
OU Central’s mission is to help build small businesses by providing them with the necessary capital… See Company Profile »
News
TechStars expands into Austin with new incubator branch
May 15, 2013 12:00 pm
The latest city that incubator program TechStars will expand into is bustling tech city Austin, Texas, the organization announced today.… Continue reading ⟩
How Ontario plans to become the world’s top technology hub
May 8, 2013 2:01 pm
Canadians: humble, mild, polite, with a global reputation for being non-aggressive. Except, of course, at a hockey game. And, increasingly,… Continue reading ⟩
Before you try improvising your VC pitch, read this
May 7, 2013 7:46 pm
Every week I get one or two companies who come into XSeed and ask if it is okay to pitch “without using… Continue reading ⟩