Mayor Bloomberg Visits On Deck Capital.
Today, Mayor Bloomberg stopped by our client On Deck Capital for an inaugural press conference at their new office. He spoke about their contribution to the booming New York City technology industry, in both innovation and job growth.
Below, the press release that On Deck released about the event in its entirety:
$62M Deployed to Tri-State Area Businesses and 100% Loan Volume Increase in New York City
“Our success can be attributed to a number of factors, including the incredible talent pool New York has afforded us,” stated Noah Breslow, chief executive officer, On Deck. “We were thrilled Mayor Bloomberg took the time to recognize our contribution to technology innovation and its application to solving the challenges of small business owners seeking capital.”
“What’s unique about On Deck is the way they’ve used technology to make it easier than ever for small businesses to access the capital they need to grow and thrive,” said Mayor Michael R. Bloomberg. “On Deck’s tech-savvy model has been great for small businesses, and we’re glad they are choosing to grow here in New York City. The city’s growing tech sector is creating more and more good jobs every day – and we’re doing everything we can to help accelerate that growth.”
Continuing in the tradition of Colorado: Let’s Grow Together – a contest that celebrated the launch of On Deck’s Denver regional office by awarding $10,000 to a local Colorado business – On Deck is proud to announce New York City: Let’s Grow Together. New York City-based small business owners may apply through On Deck’s Facebook page by explaining how an extra $10,000 would help their business grow. One New York City-based small business owner will be awarded $10,000; second place will receive $5,000; and the third place will receive a counseling session from a member of the On Deck management team.
On Deck has developed a transformative solution to America’s small business lending challenges. Using innovative proprietary technology, On Deck is able to identify creditworthy small businesses where traditional lenders cannot. The On Deck platform provides the infrastructure needed to evaluate businesses based on electronic performance data rather than relying solely on the business owner’s personal credit score.
On Deck now counts more than 175 employees, spanning several offices nationwide. On Deck recently added a western regional office in Denver to its existing regional offices in Atlanta, Sarasota, Chicago and Los Angeles. Later this year the company also plans to move its Arlington, VA office into a larger space.
The company’s New York headquarters is now located at 1400 Broadway. On Deck is currently hiring for a range of positions in software engineering, data analytics, sales, and marketing. Interested candidates can visit On Deck’s careers page at www.ondeckcapital.com/careers.
To learn more about On Deck, please visit www.ondeckcapital.com.
About On Deck
Launched in 2007, On Deck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market underserved by banks. Through the On Deck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company’s proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner’s personal credit history. The On Deck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
On Deck is financed by some of the nation’s leading venture capital firms, including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures, Village Ventures and Institutional Venture Partners. For more information, please visit: www.ondeckcapital.com. For more information, follow On Deck Capital on Twitter: @OnDeckCapital.