Chase, OnDeck Extend Existing Relationship

NEW YORK, NY, August 7, 2017 JPMorgan Chase (NYSE: JPM) and OnDeck (NYSE: ONDK) today announced a contract extension to continue their collaboration on the bank’s digital small business lending product, Chase Business Quick Capital®, for up to four years.

Chase Business Quick Capital simplifies the way small business customers access credit by offering loans for up to $200,000 and with a term of up to 24 months. Chase small business clients can apply in minutes, decisioning occurs in seconds and funds are received the same or next-day. OnDeck will continue to provide technology enablement to support the delivery of Chase’s online lending product…

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