Need cash for the business? Don’t max out that credit card yet. On Deck Capital is an innovative financing network that is currently helping spa and salon owners who get denied for traditional bank loans. Its goal is to connect Wall Street capital to small business owners, who simply have to fill out a loan application online. What’s unusual about the company is that it awards loans based on business performance and cash flow, instead of relying solely on the personal credit history of the business owner.
On Deck offers loans up to $100,000 to businesses that have been open for at least one year. In most cases, the company offers a decision within two business days and businesses receive funding within seven days. To learn more, visit www.ondeckcapital.com or call (888) 269-4246.