Study Shows OnDeck is Increasing Main Street’s Access to Capital and Driving Small Business Activity

NEW YORK, Nov. 17, 2015 /PRNewswire/ — OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the results of an updated report analyzing the economic impact from the company’s first $3 billion lent to small businesses. The report estimates that these loans have powered $11 billion in business activity and created 74,000 jobs nationwide. This impact represents a substantial increase from when the study was first conducted last year: the 2014 economic impact analysis estimated $3.4 billion in business activity and 22,000 jobs created from $1 billion in loans.

Conducted by top economic consulting firm Analysis Group, the study measures the impact of business activity funded by OnDeck loans on U.S. economic output and employment. The study combined OnDeck customer survey results with an established input-output model measuring the direct, indirect and induced economic effects of OnDeck’s lending. Among other things, the study observes that while small business lending by traditional lenders has dropped since the great recession, small business owners are becoming more comfortable engaging in banking activities online.

Highlights from the study include:

  • OnDeck’s first $3 billion in loans has generated an estimated $11 billion in U.S. economic impact.
  • For every $1 OnDeck lends, there is $3.62 in economic output (up from $3.42 in the 2014 study).
  • An estimated 74,000 jobs were added in the U.S. (up from 22,000 jobs in the 2014 study).
  • The most frequent uses for OnDeck loans include buying inventory, employee hiring and retention and purchasing new equipment.
  • The U.S. Small Business Administration estimates that 28 million small businesses in America account for 54 percent of all U.S. sales. Furthermore, they provide 55 percent of all jobs and have created 66 percent of all net new jobs since the 1970s. Yet small business owners seeking capital have been vastly underserved by traditional lenders.

    “Over the last eight years, OnDeck has been working to solve a critical public policy challenge to enable small businesses to grow and thrive: efficient access to capital,” said Noah Breslow, chief executive officer, OnDeck. “Our technology platform and OnDeck Score have transformed the way small businesses get financing, and it’s gratifying to see the tangible impact this has on the U.S. economy and its workers. We will continue to build a sustainable, scalable and responsible credit model that serves the broadest range of small business financing needs.”

    OnDeck’s innovative data-driven model has substantially increased the flow of capital to Main Street year-over-year, expanding growth opportunities for small business. Through the company’s proprietary technology and fifth-generation OnDeck Score®, OnDeck has delivered over $3 billion in small business loans across approximately 700 industries in all 50 U.S. states to date.

    For more information and to view a summary of the 2015 economic impact study, please visit

    About OnDeck
    OnDeck (NYSE: ONDK), the leader in online lending for small business, is committed to powering Main Street’s growth through lending and technology innovation. Using advanced technology, analytics and the OnDeck Score® – the company’s proprietary small business credit scoring system – OnDeck makes real-time lending decisions based on thousands of data points and a business’ individual needs. By combining its proven credit platform with outstanding customer service, OnDeck offers small businesses a complete financing solution, including a range of term loans and lines of credit as well as a streamlined process that respects a small business owner’s time.

    OnDeck also partners with small business service providers, enabling them to seamlessly connect their customers to OnDeck financing. OnDeck’s diversified loan funding strategy enables the company to fund small business loans from various credit facilities, securitization and the OnDeck Marketplace®, a platform that enables institutional investors to purchase small business loans originated by OnDeck.

    Since 2007, OnDeck has deployed more than $3 billion to more than 700 different industries in all 50 U.S. states and Canada. The company has an A+ rating with the Better Business Bureau and operates the website which provides credit education and information about small business financing. OnDeck is a publicly traded company on the New York Stock Exchange.

    For more information, please visit and follow OnDeck on Twitter @OnDeckCapital.

    About Analysis Group
    Analysis Group’s more than 500 professionals provide economic, financial, and business strategy consulting to leading law firms, corporations, and government agencies. The firm’s 11 offices are located nationally in Boston, Chicago, Dallas, Denver, Los Angeles, Menlo Park, New York, San Francisco, and Washington, D.C.; and internationally in Montreal and Beijing. For more information, visit

    Media Contacts:

    Sophie Fischman

    Jill Fisk

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