(New York, NY) October 1, 2012 – On Deck, the technology-powered Main Street lender, announced today that the company was awarded two Stevie® Awards for their innovative feature, On Deck Express. The first was the Gold Stevie® Award in the New Product / Service of the Year – Financial Services category and the second was the Silver Stevie® Award for the Tech Innovation of the year. The winners of the 10th annual American Business AwardsSM in the new tech and product category were announced at the September 17th gala banquet in San Francisco.
On Deck continues to fundamentally transform small business lending by using data aggregation and electronic payment technology to instantly evaluate the financial health of Main Street businesses. One of its innovative online features, On Deck Express, allows small businesses to access up to $30,000 in as fast as 24 hours online. On Deck Express addresses what millions of local restaurants, retailers, and service businesses need when operating their business – instant access to capital to both take advantage of opportunities and respond to everyday challenges.
“The American Business Awards honor is great recognition for the entire On Deck team,” said Noah Breslow, chief executive officer, On Deck. “Our laser focus on improving access to capital for the millions of credit-worthy Main Street businesses is what inspired us to create On Deck Express, and what continues to drive our technology advancements.”
On Deck’s proprietary platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner’s personal credit history. To date, more than $275 Million has been deployed to small businesses nationwide through the On Deck platform
More than 3,000 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.
“We’re delighted to recognize so many innovative companies, new products, technical achievements, and technology executives in the ABA’s new product and tech awards categories,” said Michael Gallagher, president and founder of the Stevie Awards. “It’s gratifying and inspiring to have received so many remarkable entries for this year’s competition. We look forward to staging this event in San Francisco for years to come.”
Details about The American Business Awards and the lists of Stevie Award winners who were announced on September 17 are available at www.stevieawards.com/aba.
About On Deck
Launched in 2007, On Deck Capital uses data aggregation and electronic payment technology to evaluate the financial health of small businesses and to efficiently deliver capital to a market underserved by traditional bank loans. Through the On Deck Capital platform, millions of small businesses can obtain affordable loans to meet their daily operating and long term goals. The company’s proprietary platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner’s personal credit history. The On Deck system also provides a critically needed mechanism for commercial institutions to efficiently reach and serve the historically underserved Main Street small businesses market.
On Deck Capital is financed by some of the nation’s leading venture capital firms, including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures.
About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.