Small business lender, On Deck Capital, announced its 5th birthday today.
In celebration of this milestone, the New York-based company provided insight into its history and growth over the past 5 years:
- Its first two loans averaged $4,000
- Currently employs over 100 people
- Has delivered over $250 million to small businesses nationwide since its start in 2007
The graph below illustrates the growth of its loans over time.
In addition to this news, On Deck was just ranked number 302 in the Inc. 500 list, where it divulged the following information:
- It has grown more than 13x since 2008*
- 2011 revenue of $19.5 million
- 2011 employees numbered 96
To learn more about On Deck, watch its FinovateSpring 2012 demo.
*Inc. 500 rankings are based on a 3-yr growth percentage.