Because there are so many small businesses out there on Main Street that don’t have access to the same juicy venture capital rounds that seem pervade today’s tech industry, On Deck set out in 2007 to provide mom-and-pop business owners with an easy way to secure the capital they need to grow their businesses. Using data aggregation and electronic payment technology, On Deck aims to simplify the… → Read More
Not all small businesses and startups are lucky enough to raise venture capital. When Main Street business owners, like your local tailor, barber or florist find themselves in need of capital to help grow their businesses, they typically are forced to turn to banks for a loan. But applying for these loan packages is time consuming and expensive.
We make a lot of noise about the venture capital and angel funding startups raise to help grow their businesses. But there are a lot of mom-and-pop shops out there that don’t qualify for venture funding from top firms. Instead, the country’s small businesses typically to turn to negotiating with banks for loans, which can be a headache to secure.
These SMBs don’t have finance departments or the… → Read More
On Deck Capital, the platform that helps connect small businesses with capital, has raised $19 million of its own in a series C funding round. The startup raised $15 million back in January from SAP Ventures and recently added another $4 million from SF Capital Group, a New York–based private investment firm. As part of the new funding, SF Capital Group President Neil Wolfson will be joining On… → Read More