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On Deck Lands $100 Million

OnDeckLogo.jpg

On Deck Capital, a company making it easier for small businesses to get loans, announced today it raised almost $100 million.

Investors include:

    • Goldman Sachs 
    • Fortress Credit
    • SF Capital
    • Lighthouse Capital Partners

The funding will be used to make more loans, since demand has been increasing as of late. TechCrunch reports:

“On Deck has doled out $275 million in capital to SMBs and expects to cross $300 million early next month. What’s more, loan originations have increased by 50 percent in just the last four months.”

To learn more about On Deck, watch its FinovateSpring 2012 demo.