OnDeck Capital

PPP forgiveness plan disappoints, OnDeck fire sale, GSE liquidity: Top stories of the week


Bankers are left wanting after details on PPP forgiveness plan emerge; why OnDeck is being sold on the cheap; Fannie, Freddie to face banklike liquidity standards starting Sept. 1; and more from this week’s most-read stories.


Why OnDeck is being sold on the cheap


The pioneering online lender had long struggled to live up to the hype that drove its early growth, even before the pandemic pushed it to the brink.


OnDeck Capital in high-stakes talks with creditors


With credit quality suffering due to the coronavirus outbreak, the online business lender faces onerous loan repayments if it can't renegotiate a corporate debt facility.


Battered by coronavirus crisis, online lenders face reckoning


The upstarts enjoyed rapid growth during the long economic expansion. Now they are on the ropes.


OnDeck sharply curtails lending as delinquencies mount


The online lender reported a hefty first-quarter loss on Thursday and said that a whopping 45% of its small-business loans are past due.


‘Leave room for the little guys’: Square's advice for PPP 2.0


Square Capital and other online lenders joined the Paycheck Protection Program just before it ran out of money. Now they’re ready and waiting for Congress to reload funds that could be better aimed at the smallest companies.


Speed matters during a crisis. Here's how tech can help.


Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.


OnDeck raises earnings guidance following strong 3Q


The online lender posted a profit for the sixth consecutive quarter, as higher margins helped offset a decline in loan originations.


Investors Bank teams with OnDeck to offer online business loans


Customers of the New Jersey bank will be able to complete applications in minutes and receive funding in as little as one business day.


Praise and scorn for California's new business loan disclosure plan


Under a state proposal, annual percentage rates would have to be disclosed on nonbank commercial loans of $500,000 or less. Lenders' responses have been mixed depending on their business model.