Last week, TheStreet.com Small Business Reporter Laurie Kulikowski sat down with On Deck CEO Noah Breslow to discuss the greatest challenge facing small businesses today: accessing the capital they need to grow. The two spoke in depth about the cost-prohibitive and time consuming nature of the underwriting process, the detrimental impact on Main Street businesses, and how On Deck technology has been solving this problem since 2007.
Small business owners are lacking in time, and Breslow details the value of a streamlined lending process:
“”Generally if you go online to apply for business loan, you are directed to a local branch, you have to go in person to fill out forms. With On Deck, you go to the website and are approved in minutes.”
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