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We Actually Want To Lend To Small Business

2 Copyright 2013 OnDeck. All rights reserved.
OnDeck is the leading technology platform
connecting SMBs to on-demand capital
Key Metrics
Delivered $850M+ in working capital to 700 industries nationwide since 2007
$66M in monthly loan originations (Dec 2013); 100% YoY growth
250+ employees; 3 offices (NYC; Arlington, VA; Denver)
2.6 loan transactions per customer lifetime value
72 Net Promoter Score
Management, Investors, and Funding
Management team with 100+ years FinServ experience
Board chaired by Jim Robinson III, former Chairman of American Express
$95M in equity funding; $250M credit facilities w/ Goldman, Deutsche, KeyBank
3 Copyright 2013 OnDeck. All rights reserved.
What Makes OnDeck Different
Providing access to capital through a streamlined, fast experience
Cash flow based underwriting
Borrowing experience re-invented
Working capital with daily remittance
Decision and Funding w/in 24 hours
4 Copyright 2013 OnDeck. All rights reserved.
OnDeck Solves 2 Major Market Problems
Results of Small Business Owners Financing Search
Federal Reserve Bank of New York May 2011 Small Business Finance Poll (survey)
White House Small Business Agenda, National Small Business Association businesses less than $3 million in revenue
McKinsey / Equifax study on SMB lending to businesses with $5-20 million in annual revenue
29M
10M
7M
4M
Success of Search Timing of Search
Step Time
Day 1 to Write-Up 5 business days
Write-up to Decision 3 business days
Decision to Closing 8 business days
Closing to Funding 2 business days
Total 18 business days
~1 month
5 Copyright 2013 OnDeck. All rights reserved.
Unlike FICO, OnDecks scoring model is comprehensive, cash-flow based and
incorporates numerous factors driving business performance
Cash flow elements are collected / proprietary to OnDeck & relate to deposit
activity, verified annual revenue, and credit card volume
OnDeck Score Components vs. FICO Score
Payment
History
Amount
Owed
Length of
Credit History
New Credit
Types Credit
Used
FICO
Financial
Information
Non-
Financial
Information
Trade
Information
Public
Record
Business
Attributes
Cash Flow
OnDeck Score
6 Copyright 2013 OnDeck. All rights reserved.
OnDeck Small Business Loan Products
OnDeck provides capital in all 50 states
Product*
Business Credit
Reporting
Amount Term (Mo.) Funding
Statements
(Mo.)
Repayment
Standard Yes $5K - $250K 3 18 Same Day 3 Bank/CC Daily ACH
*Borrowers are underwritten across all loan products and approved for maximum amount and longest term
On Deck Originations Across the US
Loan Features
10 minute application
Instant decisions & same day funding
Automatic repayments and renewals
Exceptional borrower experience
7 Copyright 2013 OnDeck. All rights reserved.
OnDecks API for your website
Your Website
OnDeck
Technology
Platform
Instant Pre-
Qualification
Your Sales Team
API = Application Programming Interface. On Decks API provides a system-to-system connection to the On Deck platform.
Integrated access to the On Deck platform for those who serve Main Street
Instant prequalification
Application submission
Integrated customer experience
8 Copyright 2013 OnDeck. All rights reserved.
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