Founded in 2006, OnDeck has supplied business loans to thousands of small-to-medium sized US companies. It is one of 2 public companies of its kind (ONDK: NYSE), which also makes it one of the most credible and trustworthy companies to engage in business with.
The company has offices in New York City, Arlington (VA) and Denver, and employees in excess of 500 employees. It has lent out in excess of $10bn to date, and keeps on financing small USA-based businesses as a staggering pace. From the very beginning, the entrepreneur behind On Deck lending, Mitch Jacobs, has gained the interest of the most respectable VCs in the world at the time – including SAP’s and Google’s, and had no trouble finding financing for his own business. These VCs not only liked the idea, but they believe Mr. Jacobs can execute his vision, and they were, of course, right. Jacob is still the CEO of the company, some 12 years after inception. This is not his first venture, as he has been a serial entrepreneur from his sophomore year in college.