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OnDeck Extends Two Credit Facilities
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OnDeck Extends Two Credit Facilities

OnDeck Extends Two Credit Facilities

Fintech Nexus Staff·
FintechNews RoundupUSA
·Mar. 13, 2019·1 min read

OnDeck, the small business lender has extended existing credit facilities with Credit Suisse and Deutsche Bank; the amended facilities provide an aggregate $360 million of committed funding capacity and will fund term loans and revolving lines of credit; OnDeck noted that the deals were on improved terms and builds on their success of attracting longer term funding commitments at reduced costs while continuing to diversify their investor base. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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credit facilityCredit SuisseDeutsche BankOnDeck
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