NEW YORK, Oct. 18, 2016 /PRNewswire/ -- OnDeck® (NYSE:
ONDK), the leader in online lending for small business, today
announced that its annual Seal of Approval Contest is now open for
entries. Small businesses in the United
States can now submit entries in hopes of being one of three
lucky winners to take home a $10,000
prize and a one-on-one personal coaching session with Shark
Tank investor and real estate mogul Barbara Corcoran.
This is the second year that OnDeck has teamed up with
Barbara Corcoran to help three small
businesses with one of the biggest hurdles they face on their path
to growth: access to capital. Obtaining capital can be a
time-intensive process for American entrepreneurs. In fact,
according to the Federal Reserve Bank, business owners spend on
average 33 hours searching and applying for credit from traditional
sources – with no guarantee of approval. OnDeck makes real-time
lending decisions and delivers capital to small businesses in as
little as 24 hours.
Anyone with an existing business can enter to win. Visit
www.facebook.com/OnDeckCapital to review the official rules and to
enter the Contest by describing how you would use the $10,000 and advice from Barbara Corcoran to grow your business. Small
business owners can also show their passion, drive, and vision by
including photos of their business, along with sharing links to
their social media pages (including Twitter, Facebook, or
LinkedIn.)
The Contest starts today and is open through November 14, 2016 at 11:59
p.m., EST. Submissions will be judged by Barbara Corcoran, Noah
Breslow, OnDeck CEO, and David
Bobbitt, the President of SCORE, a non-profit organization
comprised of 11,000 business executives who volunteer to provide
free and confidential advice to small businesses.
The three winners will receive:
- $10,000 to invest in their
business, courtesy of OnDeck
- An in-person strategy session with Barbara Corcoran in New York City or via live video
conference
- Social Media promotion of their business by both Barbara Corcoran and OnDeck
Last year's Contest winners, The Gents Place (Dallas, TX), The Sugar Path (Geneva, IL) and BodyworksBall™ (Brick, NJ), have all made major strides over
the past year thanks in part to Ms. Corcoran's coaching and the
$10,000 prize from OnDeck. One
of last year's winners, BJ Dowlen, the Founder and President of
BodyworksBall™, credits the Seal of Approval Contest for helping
propel a momentous year for her business. Not only is
BodyworksBall™ now distributed in Made in America Stores across the country, but BJ has
also landed two book deals, elevating her professional profile.
Barbara Corcoran knows all too
well the hurdles many small business owners face while trying to
grow their businesses. After failing at 22 jobs, she borrowed
$1,000 from a boyfriend, quit her gig
as a diner waitress, and started a tiny real estate office in
New York City. Leveraging the
unconventional lessons she learned from her mother, over time she
built The Corcoran Group into a $6 billion
dollar business. Viewers also have come to love Barbara for
the no-nonsense wisdom she offers to entrepreneurs on ABC's hit
reality show, Shark Tank.
Ready to apply for the opportunity to meet a Shark and grow your
business? Visit www.facebook.com/OnDeckCapital to enter.
For the complete Contest official rules, visit
https://bcsealofapprovalofficialrules.shortstack.com/5LKCtL.
No purchase necessary to enter or win. Void where
prohibited. Travel and accommodations are not included.
About OnDeck
OnDeck (NYSE: ONDK) is the leader
in online small business lending. Since 2007, the company has
powered Main Street's growth through advanced lending technology
and a constant dedication to customer service. OnDeck's proprietary
credit scoring system – the OnDeck Score® – leverages
advanced analytics, enabling OnDeck to make real-time lending
decisions and deliver capital to small businesses in as little as
24 hours. OnDeck offers business owners a complete financing
solution, including the online lending industry's widest range of
term loans and lines of credit. To date, the company has deployed
over $5 billion to more than 50,000 customers in 700
different industries across the United
States, Canada and Australia. OnDeck has an A+
rating with the Better Business Bureau and operates the educational
small business financing website BusinessLoans.com. For more
information, please visit www.ondeck.com.
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SOURCE OnDeck