OnDeck Garners $130,000,000 New Financing Round

  • Feed Type
  • Date
    9/16/2013
  • Company Name
    OnDeck
  • Mailing Address
    155 E 56th Street 2nd Floor New York, NY 10022
  • Company Description
    OnDeck was founded in 2006 to help businesses get small business loan financing when traditional bank loans are not an option. Our vision is to help small businesses get access to business loan financing, which should improve their payment behaviors and credit scores so they may someday qualify for a traditional loan.
  • Website
    http://www.ondeckcapital.com
  • Transaction Type
    Debt
  • Transaction Amount
    $130,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new credit facilities enable OnDeck to deploy more funding and develop more flexible financing options to meet the rapidly expanding demand small businesses have for working capital.
  • M&A Terms
  • Venture Investor
    Deutsche Bank
  • Venture Investor
    Square 1 Bank
  • Venture Investor
    Key Equipment Finance

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