$130 million Deal Value
has obtained a Senior Secured Line of Credit from a syndicate led by
Financial advisor to OnDeck Capital
August 2013 - OnDeck Capital, Inc. has obtained a $130 million senior secured line of credit from a syndicate led by Deutsche Bank. The facility will help OnDeck achieve new growth and expand its origination capacity.
OnDeck is a leading provider of inventory, business expansion, and temporary cash flow financing to small businesses, using proprietary data aggregation and electronic payment technology. OnDeck has financed over $600 million of small business loans since its founding in 2007.
OnDeck’s equity investors include First Round Capital, Google Ventures, Industry Ventures, Institutional Venture Partners, Khosla Ventures, RRE Ventures, SAP Ventures & Village Ventures.
Freeman & Co. acted as financial advisor to OnDeck Capital, Inc.