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OnDeck gets $200 million from Credit Suisse (ONDK)

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At a time when many online lenders are struggling to attract capital, OnDeck has received a welcome sign of faith from the Swiss banking giant in the form of a $200 million revolving debt facility.

OnDeck, an online lender specializing in small business loans, operates in the US, Canada, and Australia.

OnDeck will use the funding to expand its balance sheet lending operations. OnDeckoperates a hybrid model that combines a loan marketplace with lending from read more >>>

Source:: BusinessInsider.Com

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