Have you taken a business loan from:
OnDeck Capital?
You're probably reading this page because you own a small business and have taken a business loan from OnDeck Capital, Inc.
If your experiencing financial distress and are unable to pay your loan back, you may be wondering:
- Can I settle my business loan with OnDeck Capital?
- What are the consequences of defaulted on a business loan?
- Can I be sued personally for a business debt?
- What are my options for relief?
Speak To a Consumer Protection Attorney
CLICK HERE FOR A FREE CASE EVALUATION
Or Call Today: (888) 301-0584
OnDeck Capital Business Loan Negotiations
There are instances where OnDeck Capital may be willing to engage in settlement talks and allow for a reduced settlement in lieu of the full balance. For example, we had a case where we saved our client $48,000 on a $57,000 by negotiating his business loan with On Deck Capital. Although these results are not typical, it is an indication of what could be achieved under the right circumstances and timing.
About OnDeck Capital - Contact Information
Launched in 2007, OnDeck Capital is headquartered at 1400 Broadway, New York, NY 10018. They claim to be the largest online lender to small businesses in the United States, with over $5 billion in loans to over 50,000 small businesses. Depending on your creditworthiness and length of time in business, On Deck's underwriters may require a personal guarantee in order to meet approval qualifications.
According to an article in May 2016, On Deck Capital, which is traded on the New York Stock Exchange under ONDK, lost 38% of it's market value. The loss of market share is mostly attributed to On Deck's quarterly earnings falling below expectations.
Options for Reducing Business Loans
At the Law Office of Simon Goldenberg PLLC, we understand the needs particular to those seeking assistance with business debt relief. We offer a customized approach for helping business owners restructure their debts, so they can continue operating, and keep their business, and themselves, out of bankruptcy. Our program is suited towards those businesses that are experiencing a genuine hardship, but have funds available to put towards a resolution.
If you're struggling with a debt from OnDeck Capital, contact our firm at (888) 301-0584 to schedule your free business debt evaluation.
