Tagged: ondeck

OnDeck Now Offering Same Day Funding For Small Businesses

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday it will offer to fund and debit customer bank accounts with Same Day ACH transfers. According to OnDeck, same Day ACH transfers will provide qualified OnDeck Term Loan and Line of Credit customers… Read More

OnDeck Completes Transaction Combining OnDeck Canada With Evolocity Financial Group

OnDeck (NYSE: ONDK), a small business online lending platform, announced earlier this week it has completed the transaction combining its Canadian operations with Evolocity Financial Group (Evolocity), a Montréal-based online small business lender. According to OnDeck, the transaction combines the local operations, technology and Canadian… Read More

OnDeck Announces Extension of Two Revolving Credit Facilities With Credit Suisse & Deutsche Bank

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.  According to OnDeck, the amended facilities provide an aggregate of $360 million of committed funding capacity and are… Read More

OnDeck Announces Addition of Experienced Risk, Partnerships & Marketing Executives to Growing Team

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday it has added three senior financial services executives as members of its management teams in Risk, Partnerships and Marketing. This news comes just days after OnDeck announced the closing of its $85 million corporate revolving credit facility… Read More

OnDeck Completes $85 Million Corporate Revolving Credit Facility

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Thursday the closing of its $85 million corporate revolving credit facility with a lender group, which included four banks. According to OnDeck, the new committed facility can be used for general corporate purposes and replaces OnDeck’s prior $30… Read More

OnDeck to Offer Equipment Finance Loans to Select U.S. Small Businesses

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it is set to offer equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what it believes has traditionally been a slow-moving, opaque, and… Read More

OnDeck Partners With Evolocity Financial Group to Combine Canadian Operations

OnDeck (NYSE: ONDK), a small business online lending platform, announced last week it has entered into a definitive agreement to combine its Canadian lending operations with Evolocity Financial Group (Evolocity), a private Montréal-based online small business lender. According to OnDeck, The combined enterprise, to be branded OnDeck… Read More

OnDeck Appoints Chandra Dhandapani and Manolo Sánchez As New Board of Directors Members

OnDeck (NYSE: ONDK), a small business online lending platform, announced last week it has appointed Chandra Dhandapani, Chief Digital and Technology officer of CBRE Group, and Manolo Sánchez, former CEO of BBVA Compass, to its board of directors. OnDeck reports at her position at CBRE Group,… Read More

PNC Bank Announces New Partnership With OnDeck to Launch Digital Business Lending Platform in 2019

U.S.-based banking firm PNC Bank announced on Monday it has partnered with online lender OnDeck to create a new digital business lending platform, which is set to launch in 2019. According to the banking group, the lending portal will offer fully digital business lines of… Read More

OnDeck Introduces ODX, Brian Geary Selected as President

OnDeck (NYSE: ONDK), a small business online lending platform, has introduced ODX, a new company that will focus on helping banks digitize their small business lending process.  ODX will operate as a wholly-owned subsidiary of OnDeck. “OnDeck is a pioneer of online lending to small… Read More

OnDeck Milestone: Small Business Online Lending Tops $10 Billion

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it has surpassed $10 billion in total loan originated to small businesses. According to OnDeck, the latest milestone is the latest indication that small businesses increasingly prefer to seek financing online. OnDeck reported that it provided its first… Read More

OnDeck Closes a $175 Million Asset-Backed Revolving Credit Facility

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it closed a $175 million asset-backed revolving credit facility that consisted of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds managed by affiliates of Ares Management L.P. (NYSE: ARES). According to OnDeck,… Read More

OnDeck Closes on Two Asset Backed Credit Facilities Totaling $100 Million

Online lender OnDeck (NYSE:ONDK), has closed on two asset backed credit facilities totaling nearly $100 million. One in the amount of AUD 75 million with Credit Suisse, and another for CAD 50 million with Crédit Agricole, The two facilities will finance loan originations in Australia… Read More

OnDeck Appoints Stephen Klimas as New Head of Investor Relations

Online lending platform for small businesses, OnDeck (NYSE: ONDK), announced last week it has appointed Stephen Klimas as its new Head of Investor Relations. Prior to joining OnDeck, Klimas was Managing Director for Finance and Capital Markets of Avolon, a global commercial aircraft leasing company,  following the company’s acquisition of… Read More

OnDeck Announces $100 Million Revolving Credit Facility Closing

Online lending platform for small business OnDeck announced last week the closing of a $100 million asset-backed revolving credit facility with Pioneers Gate LLC, a lending vehicle of a life insurance company managed by 20 Gates Management. According to OnDeck, the new facility provides the longest revolving funding… Read More

OnDeck Prices $225 Million Initial Principal Amount Of Series 2018-1 Fixed Rate Asset-Backed Notes

Online lending for small business OnDeck (NYSE: ONDK) announced this week that it has priced $225 million initial principal amount of Series 2018-1 Fixed Rate Asset-Backed Notes in a private securitization transaction. According to OnDeck, the notes will be issued in four classes and were priced with a weighted average… Read More

OnDeck Appoints Kenneth Brause As New Chief Financial Officer

Online lending platform for small businesses OnDeck (NYSE: ONDK) announced it has appointed Kenneth Brause as its new Chief Financial Officer, effective March 26th, as part of a mutually agreed upon transition process. The lender reported that current Chief Financial Officer, Howard Katzenberg. Katzenberg will serve as an advisor to… Read More

OnDeck Reports Fourth Quarter and Full Year 2017 Financial Results

Online lending platform for small businesses OnDeck (NYSE: ONDK) announced on Tuesday the release of its fourth quarter and full 2017 year financial results. The online lender reported it achieved a record $5 million of GAAP net income during the fourth quarter. While sharing more… Read More

OnDeck Announces New BlackRock-Managed Fund

Online lending platform for small businesses OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today that a fund managed by an investment advisor subsidiary of BlackRock has joined OnDeck’s platform of financing partners as another committed source of capital to fund… Read More

OnDeck Appoints Former GE Capital & SunTrust Executives to Finance Team

On Tuesday, small business lending platform OnDeck announced two senior financial services executives to join its management team. Kelly Merrill and Erich Wust will assume new leadership roles that directly support the online lender’s  mission of empowering small business owners with the fastest and most… Read More

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