OnDeck

OnDeck completes 2 new international credit facilities

OnDeck completes 2 new international credit facilities

OnDeck (NYSE:ONDK) announced this week the closing of an AUD $75 million asset-backed revolving credit facility with Credit Suisse, and the closing of a CAD $50 million asset-backed revolving credit facility with Crédit Agricole, to finance OnDeck originations in Australia ...

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Better Mortgage names Howard Katzenberg CFO

Better Mortgage names Howard Katzenberg CFO

Better Mortgage, a digital mortgage company, today announced that it has hired Howard Katzenberg as CFO. Mr. Katzenberg was the CFO of OnDeck, where he joined in 2008 as one of its first employees. He spent his career focused on innovation ...

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OnDeck, JPMorgan Chase continue partnership

OnDeck, JPMorgan Chase continue partnership

OnDeck and JPMorgan Chase will continue their partnership on Chase Business Quick Capital for up to four years, the two companies announced today. Chase Business Quick Capital offers small business loans of up to $200,000 for terms as long as ...

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OnDeck announces new credit facility

OnDeck announces new credit facility

Online lender for small businesses OnDeck has closed a $200-million asset-backed revolving debt facility with Credit Suisse. OnDeck may access $125 million of committed capacity, with the remaining $75 million at lenders’ discretion. Under the arrangement, loans will be made ...

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Barbara Corcoran to promote OnDeck

Barbara Corcoran to promote OnDeck

Online lender OnDeck has launched a national marketing campaign featuring Shark Tank judge Barbara Corcoran. Ms. Corcoran  will be featured in radio, television and customer communications and serve as a contributing editor to OnDeck’s blog. In 2015 OnDeck initiated the ...

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OnDeck rebrands to reflect maturing industry

OnDeck rebrands to reflect maturing industry

As the online lending industry matures it is a good time to rebrand with a new website, OnDeck believes. The company said the new branding reflects an acceleration to “ever greater customer service.” OnDeck Chief Marketing Officer Andrea Gellert led ...

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OnDeck hires former Capital One exec Kanjlia

OnDeck hires former Capital One exec Kanjlia

OnDeck has named Gagan Kanjlia to the new role of senior vice president of product. Mr. Kanjlia is charged with leading product design, channel design and strategic business initiatives. Based in New York, he will report to COO James Hobson. ...

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OnDeck increases service in Canada

OnDeck increases service in Canada

Small business online lender OnDeck has expanded its Canadian product offerings. Small businesses with minimums of $100,000 annual revenue and one year in operation can apply for a credit line from $10,000-$50,000. It can be drawn upon at any time ...

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Small business lenders unite

Small business lenders unite

OnDeck, Kabbage, and CAN Capital have formed the Innovative Lending Platform Association (ILPA), a move designed to solidify the industry’s image. Education, advocacy and best practices will be priorities. An early focus is the creation of the SMART Box. Standing ...

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