Close
Close

No products in the cart.

OnDeck Canada, serving Canadian small businesses

OnDeck Canada, serving Canadian small businesses

Avatar
Published by Programme B

Many small and medium-sized businesses (SMB) face various stressors in their day to day lives. One of the most significant challenges SMBs face is obtaining adequate funding. Accessing capital can be a laborious process. This is why online lenders, such as OnDeck Canada, solutions to small businesses that are simple and time-efficient – so that business owners can access capital in as little as 24 hours.

Since 2015, OnDeck Canada has been encouraging and supporting Canadian SMBs to grow. Today, OnDeck has become a benchmark in online small business lending as it has been able to finance over 100,000 businesses and fund over $12 billion USD. Though a business credit score is important to consider when owners seek financing, it’s not the only criteria your business should be evaluated on. The current health and performance of the company is also part of the calculation, looking at thousands of different data points across your business history, which allows for a more accurate financial picture.

In 2019, OnDeck Canada launched a dedicated national campaign to understand the true needs of Canadian SMBs. Through an interview and survey study, OnDeck Canada found that the biggest challenges business owners face is obtaining loans, the need for capital, and an overall lack of time. It was also noted that many business owners do not seem to know the full scope of financial solutions, other than those offered by traditional institutions and backs, that are available to them – such as online financing.

“Business owners are experts in managing their business, but OnDeck Canada is here to simplify the financing process and take care of everything else. Financing should not distract you from your business goals – it should help you achieve them so that you can focus on your growth and sustaining your business,” said Neil Wechsler, CEO of OnDeck Canada.

In their recent campaign, OnDeck Canada presents the SMB who may have to handle impromptu and stressful situations as a business owner, such as unexpected equipment malfunctions. By taking this example and showing it in a humorous perspective, OnDeck illustrates the demanding world of Canadian SMBs who are always on the go and need efficient and easy access to capital to be able to meet their daily challenges.

OnDeck offers a tailored service that meets the individual demands of each company offering a range of business financing solutions, with fixed and flexible terms, and rates based on the overall health of your business. They are also known for their fast decisions and can release funds in as little as 24 hours. In comparison, traditional financing may take up to several weeks, if not months, to obtain capital. With this prompt financial assistance, a business can acquire new equipment, hire staff, or make the weekend rush when the unexpected occurs – as well as meeting other needs that are essential to the business.

“Our customer is at the core of what we do, and we aim to bridge the gap SMBs face because these businesses power the Canadian economy. We will continue to grow our business to reflect the needs of our customers, providing them with effective access to working capital, through the widest breadth of custom-tailored solutions, and personalized human support and service at every step of the way, ” says Neil Wechsler.

With financing options ranging from one-time loans to revolving lines of credit or merchant cash advances, as well as a personal lending experience with localized expertise– OnDeck Canada is the leader for online small business lending. Aside from their speed and timely funding, OnDeck lending advisors are also available and responsive to guide applicants through the process and provide flexible or fixed repayment options, OnDeck Canada is looking to continue to dynamize the SMB lending landscapes, and strives to evolve small business growth, sustainability, and expansion.

Thinking of applying for financing? The process is quick and easy – visit OnDeck Canada.

Close
↓ THIS IS AN AD ↓
↓ THIS IS AN AD ↓