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Leading Technology Platform Ranks #20 in Nation
NEW YORK, Oct. 23, 2013 /PRNewswire/ -- OnDeck (www.ondeck.com), the technology-powered Main Street lender, announced today it has been named number 20 to the 2013 50 Best Companies to Sell For list by Selling Power, a leading publication for sales managers and executives. The list, which includes names such as LinkedIn, Google and Microsoft, evaluates hundreds of companies based on revenue, customer growth, sales compensation packages, sales culture, training and coaching processes.
"Building a transformative company requires talented employees, and we continually invest in training, mentoring and career building opportunities to support our sales force's development," said Noah Breslow, chief executive officer, OnDeck. "Selling Power's recognition is a testament to the commitment and passion our team has for not only improving the borrowing process for small businesses, but also for making OnDeck an incredible place to work and grow."
OnDeck's industry leading technology is transforming the small business borrowing process to make it simple, fast and friction-free. Using big data, OnDeck's innovative and proprietary technology platform harnesses readily available digital information to determine the creditworthiness of small businesses based on their business financials. With their disruptive technology, OnDeck is able to offer loans from $5,000 to $250,000, make credit decisions in minutes and deliver funding in as fast as 24 hours.
The Selling Power rankings is a valuable resource for sales professionals looking to identify companies that offer the best challenges and rewards in a sales career. The listing will be published in the Oct/Nov/Dec issue of Selling Power magazine. To see the full list of 50 companies, visit www.sellingpower.com/2013/50-best-companies-to-sell-for/.
Launched in 2007, OnDeck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market underserved by banks. Through the OnDeck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history. The OnDeck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
OnDeck has deployed over $650 million in capital to tens of thousands of businesses across 700 different industries. The company is growing at greater than 100 percent annually, and was recently named to Forbes' 100 Most Promising Companies in America list and the Inc. 500/5000 for a second year in a row. The company also has earned an A+ rating with the Better Business Bureau. OnDeck is financed by some of the nation's leading venture capital firms, including Google Ventures, SAP Ventures, RRE Ventures and Institutional Venture Partners.
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