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OnDeck Merchant Presentation
- 1. © Copyright 2014OnDeck. All rights reserved. CONFIDENTIAL & PROPRIETARY 1 OnDeck Overview 1. Simple 1-page loan application 2. Loans ranging from $5,000 - $500k 3. 3 - 36 month terms 4. Fixed interest and fixed payments 5. Decisions in minutes, funding in as fast as 1 business day 1. Purchasing inventory 2. Facility expansion 3. Renting, buying or leasing equipment 4. Hiring additional staff 5. Launching a marketing campaign What is OnDeck? OnDeck is a direct lender that provides small businesses with short term business loans, also called “working capital” loans. OnDeck offers true business loans, not Merchant Cash Advances. How is OnDeck different from a Bank? We judge the health of small business based on their cash flow - not just credit scores. Our in depth understanding of small businesses means that we can make instant credit decisions and provide capital the same day. About OnDeck Loans Common Uses +
- 2. © Copyright 2014OnDeck. All rights reserved. CONFIDENTIAL & PROPRIETARY 2 Trusted Lender About OnDeck 1. Direct lender 100% focused on improving and enhancing SMB capital access 2. Offer true loans from $5k – 500k that build business credit with repayment 3. Simple application with transparent terms and exceptional customer service 4. NYSE listed public company Key Metrics +$2 Billion Delivered More than 700 Industries Served Loans in all 50 States + Canada and Australia A+ BBB Rating 93% of Our Customers Would Recommend Us to a Friend +
- 3. © Copyright 2014OnDeck. All rights reserved. CONFIDENTIAL & PROPRIETARY 3 OnDeck Basics GENERAL INFO Applica'on Fee None. It’s free to apply. Minimum Requirements 1) $100k annual revenue 2) 1 yr in business 3) 500 FICO Approval Process • OnDeck agent helps Merchant complete the applica'on process • Once applica'on is complete, OnDeck makes a credit decision instantly • If approved, a loan offer is made and OnDeck no'fies the merchant Funding Time Merchant can be funded same day as approval or next business day LOAN SPECIFICS Loan Size $5,000 -‐ $500,000 Term 3 – 36 months Interest Rate Varies by customer’s credit profile Payments Transparent costs, fixed daily ACH payments (Mon-‐Fri) +