Huge news ...ONDK.... Shorts caught OnDeck Submits Response to Treasury RFI on Online Marketplace Lending
30 Sep 2015 - PR Newswire
NEW YORK, Sept. 30, 2015 /PRNewswire/ -- OnDeck® (NYSE: ONDK), a leading platform for small business lending, today submitted a response to the U.S. Treasury Department's Request for Information (RFI) on Expanding Access to Credit through Online Marketplace Lending.
"OnDeck is 100% focused on small business and increasing Main Street's access to capital," said Noah Breslow, chief executive officer, OnDeck. "We greatly appreciate the Treasury Department's interest in learning more about how our lending and technology innovation are helping Main Street grow and thrive, and look forward to serving as a resource for policymakers to help facilitate the responsible growth of our sector."
OnDeck has provided more than $3 billion to American small businesses to date, and the company's response highlights the value of its products and services to small business and to the overall economy. In a third-party study commissioned last year, the company's first $1 billion in loans delivered more than $3 billion in economic impact and over 22,000 jobs to the US Economy.
OnDeck's full response is available on its website at the following address: www.ondeck.com/treasury.