Business Fintech News

OnDeck Joins Visa’s Small Business Hub

OnDeck's "All In" Supporting Small Businesses in New York

Small Business Hub Provides Consolidated Site to Help Businesses Navigate COVID-19

OnDeck® (NYSE: ONDK), a leader in online small business lending, today announced a collaboration with Visa to support businesses through Visa’s Small Business Hub. OnDeck joins a small group of lenders to offer financing opportunities through the Hub.Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize

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The Visa Small Business Hub is designed to give small businesses the tools and resources they need to build stronger, more digitally enabled businesses, which is needed more than ever with the impact of COVID-19. In joining this effort, OnDeck will offer a dedicated resource page on the Hub to help small businesses understand how OnDeck is able to support and power their growth and success. OnDeck’s proprietary lending technology enables the company to make lending decisions in hours, not weeks. With OnDeck’s speed in decisioning, enhanced further by Visa Direct, Visa’s real-time1 push payments platform, OnDeck can quickly fund completed loans and provide small businesses with the access to financing they need, when they need it.

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“We are honored to collaborate with Visa on the Small Business Hub,” said Tim Schuermer, Vice President of Business Development, OnDeck. “OnDeck and Visa share a commitment to building stronger, more resilient small businesses. As our nation seeks to recover from the pandemic, the commitment and mission to support small business is more important than ever before. OnDeck is joining the Hub at a critical time for millions of small businesses who are looking for reliable and transparent information, resources, tools, and financing to make critical decisions. We look forward to building this joint initiative with Visa to support and assist businesses as they start, recover, grow and expand.”

The Visa Small Business Hub offers a centralized access point for businesses to review a broad range of tools, solutions, special partner offers and actionable tips to support businesses through COVID and beyond.

Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize

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