The Problem: A seasoned public relations executive, Laurie Pehar Borsh has owned her own agency for over 20 years. After landing a huge client in March of 2013, she needed financing to take on a new employee and purchase office equipment. Even though she had a profitable business, the bank wouldn’t lend to her because she lacked any assets or collateral.

The Solution: After learning about OnDeck through her bank, and hearing that the application process only took minutes, Laurie decided to apply online. She was approved that day and had the capital she needed shortly thereafter.

The Result: Laurie was able to take on additional employees to accommodate her new client. She has since taken out additional financing with OnDeck and has grown her business by 25%.

LAURIE’S BIG LESSON
“As a small business owner, you need to make the most of your time. What can you hire someone to do that will allow you to focus on the biggest driver in your business? It’s important to constantly ask yourself that question to make the most of your time.”

OnDeck is a Google Ventures-backed company with an A+ Rating with the Better Business Bureau. The company offers small business loans nationwide to over 725 different industries. For more information about OnDeck small business loans, click here.

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