loan for small business

On Deck Capital: providing loans to small businesses that have been underserved by traditional banks, rely on technological innovation to evaluate the financial health of the company (eg, panning payment data)

Many small business owners who had been disappointed with their personal credit history and can not borrow money directly from the bank, will be helped by the loan system by On Deck Capital. Investors based in New York City is evaluating the financial health of small businesses by relying on technological innovation, such as panning payment data to predict long-term growth.
Since its launch in 2007, On Deck Capital is capital loan guarantees to thousands of small businesses in America that have exceeded $ 400 million dollars. Business done by the On Deck Capital growth doubled in 2012 ago.
Advantages of On Deck Capital is located in terms of the technology platform that enables faster evaluation of data to gain payment from the borrower. The registration process to borrow money for small business owners is much more streamlined than governance by way of a traditional bank always use a personal credit history of the owner. On Deck Capital While more attention to team work and overall business performance. Due to faster processing, the required capital ranging from $ 5,000 to $ 150,000 dollars to be approved in a matter of minutes and no longer than one day old.
Last week On Deck Capital receives additional cash injection for the fourth round (Series D) a $ 42 million dollar, supported by a new investor, Institutional Venture Partners (IVP). These new investors join previous investors including the RRE Ventures, SAP Ventures, and First Round Capital. To extend its services to small businesses, On Deck Capital has recently been opened branches in Atlanta, Chicago, and Los Angeles. Additional capital will be used for the expansion of its headquarters in New York City, developing new products and technologies to augment capital loans to small businesses in 2013.