• Subscribe
  • Contact Us
  • About LendIt Fintech News
  • Home
  • Menu Item
  • Menu Item
  • Menu Item
  • Menu Item

Lend Academy

LendIt Fintech News: Daily Coverage of Fintech & Online Lending


  • Editorial
  • Daily News
  • Podcast
  • Investor Forum
  • Events

Podcast 17: Noah Breslow of OnDeck on Small Business Lending

June 17, 2014 By Peter Renton 4 Comments

Views: 923

On_Deck_Logo

A lot has been written about small businesses and their lack of access to capital. This was exacerbated by the financial crisis but it is something that many small businesses have struggled with for a long time. Traditionally there have been two primary sources of outside capital for a small business: a bank loan and a credit card. Not any more. Today, small businesses have a wealth of financing options and one of these options is OnDeck.

In the latest episode of the Lend Academy Podcast I talk with Noah Breslow, the CEO of OnDeck, about their lending products and the small businesses that use them. OnDeck is one of the leading alternative lenders in the small business space having issued over $1 billion in loans since they began operations in 2007. In this wide ranging interview you will learn:

  • How the OnDeck business model works.
  • The amount of time business owners will typically spend applying for a bank loan.
  • The types of businesses who apply for a loan at OnDeck.
  • Why a business will apply for a loan at OnDeck as opposed to traditional funding sources.
  • The most common use for an OnDeck loan.
  • Who is supplying the capital for these loans and how this mix is changing.
  • Why OnDeck is not looking to attract retail investors to its platform.
  • The different loan options for borrowers at OnDeck.
  • The weighted average Annual Percentage Rate of loans at OnDeck.
  • How and why OnDeck chose this pricing and this segment of small business lending.
  • Why their customers will often choose a higher interest rate option with a shorter loan term.
  • One of the core benefits of the OnDeck lending product over merchant cash advances.
  • An explanation of the OnDeck Score and how their underwriting allows then to issue loans so quickly.
  • How they are using alternative data sources in their underwriting.
  • The economic impact of OnDeck loans.
  • Details of the first rated securitization of non-SBA business loans put together recently by OnDeck.
  • OnDeck’s plans for the future.

You can read more about OnDeck’s economic impact report here. And you find out more details about their recent securitization here.

You can subscribe to the Lend Academy Podcast via iTunes or Stitcher. There is an audio player directly below or you can download the MP3 file here.

https://traffic.libsyn.com/lendacademy/Session-17.mp3

Podcast: Play in new window | Download | Embed

Subscribe: Apple Podcasts | Android | RSS

Filed Under: Lending and Fintech Podcast

Views: 923

Comments

  1. Dude says

    June 18, 2014 at 1:26 pm

    Damn is he articulate

    Reply
  2. Sean Murray says

    June 18, 2014 at 7:22 pm

    Great interview. I listened to the whole podcast. Way to ask him some of the tough questions.

    Reply
    • Peter Renton says

      June 18, 2014 at 8:48 pm

      Thanks Sean. Glad you liked it.

      Reply

Trackbacks

  1. Podcast 225: Noah Breslow of OnDeck Capital - Lend Academy says:
    December 6, 2019 at 4:02 pm

    […] next guest on the Lend Academy Podcast, back for the third time (he was also on in 2014 and 2016), is Noah Breslow, the CEO of OnDeck. Noah has been leading the company since 2012; he […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Investor Intelligence

Peter Renton's Returns

Investor Forum

Lending Club Review

Prosper Review

Investor Resources

Most Popular Editorials

The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place

The 2018 Lending Club and Prosper Tax Guide

My Returns at Lending Club and Prosper

Map of Available States for Lending Club and Prosper Investors

Banks and Marketplace Lending Platforms: Ideal Partners?

Subscribe to the Podcast

Subscribe to the Lend Academy Podcast on iTunes
Subscribe to the Lend Academy Podcast
List of Podcast Episodes

Archives

Follow @LendAcademy Follow @LendIt

ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

Recent Editorials

  • Top 10 Fintech News Stories for the Week Ending January 23, 2021
  • Podcast 282: Catherine Berman of CNote
  • Crypto Custody Gets Shot in the Arm from Goldman & Anchorage
  • LendingClub Receives Final Approval for its Acquisition of Radius Bank
  • Top 10 Fintech News Stories for the Week Ending January 16, 2021

Copyright © 2021 · Metro Pro Theme on Genesis Framework · WordPress · Log in