On Deck Capital, Inc. (NYSE:ONDK) Files An 8-K Results of Operations and Financial ConditionItem 2.02
Results of Operations and Financial Condition.
On Deck Capital, Inc. (NYSE:ONDK) Files An 8-K Results of Operations and Financial Condition
On August 7, 2017, On Deck Capital, Inc. issued a press release announcing its financial results for the second quarter ended June 30, 2017. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information set forth under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
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Item 2.02 |
Financial Statements and Exhibits. |
(d) Exhibits.
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Exhibit No. |
Description |
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99.1 |
Press release, dated August 7, 2017. |
On Deck Capital, Inc. ExhibitEX-99.1 2 earningsrelease2017q2.htm EXHIBIT 99.1 Exhibit Exhibit 99.1OnDeck Reports Second Quarter 2017 Financial ResultsSignificantly Narrows Quarterly LossDemonstrates Progress on Strategic Priorities On Track to Achieve GAAP Profitability by Year EndSigns Major Multi-Year Contract with JPMorgan ChaseNEW YORK,…To view the full exhibit click here
About On Deck Capital, Inc. (NYSE:ONDK)
On Deck Capital, Inc. offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds. It offers a financing solution for small businesses, including short-term loans of over 10 months and long-term loans of over 40 months, and lines of credit. The Company’s integrated platform includes the Company’s Website, which allows small businesses to apply for a loan, round the clock; data and analytics engine, which analyzes data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers funding of loans, and daily and weekly collections, and ongoing servicing system.