Comments Andrea Gellert made her first dollar selling avocados on the side of a California street as a child. Today she still has a sweet spot for Main Street-style small businesses. Gellert is the head of marketing at OnDeck, a technology company that lends to small businesses . In the past year, OnDeck has grown more than 150 percent and loaned over $1 billion to small businesses. I spoke with Gellert about why she left corporate America to join the startup, and what shes looking for in a company applying for a loan. Gellert started her career at American Express , working there as a summer intern and then spending 15 years there. And going from that a major, publicly traded company to a startup of 100 people was a big change. At large companies, it takes a long time to feel the impact of what you do, she said. What difference does one person make at a large company? Since she came to OnDeck in 2012, Gellert has seen small businesses benefit from her work.
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WAC Closes Commercial Loan in Nantucket
The company was experiencing difficulty in obtaining either a conventional bank loan or equipment financing and they needed to raise cash quickly so that they could purchase some new equipment for their business at an upcoming auction. Since time was of the essence, WAC used its alternative lending product and arranged the financing with one of its private lenders and closed the transaction in approximately ten days. The company now has the necessary capital to purchase much needed equipment for their business operations. The loan is secured by the principal of the company’s investment property on Nantucket as well as the equipment that the company is purchasing. WAC specializes in arranging debt financing for both small businesses and real estate developers/investors and also handles bank workouts for those same clients. You can learn more about WAC by taking a look at their website and you tube video at http://www.weclosecommercialloans.com and by contacting WAC’s principal, Michael M. Ciaburri at firstname.lastname@example.org or (203)605-4082. WAC maintains offices in both Guilford and Westport, Connecticut. You can now follow @worthavecapital on Twitter for the latest lending news.
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Venture Niagara – Community Futures Development Corporation
Do you have a great business idea but cant seem to find the money to finance it? Youre not alone. There are many good ideas that never see the light of day for the lack of money to get started. But there are options. Since 1985 Venture Niagara Community Futures Development Corporation has been helping entrepreneurs across Niagara with loans and investment they need to start or grow their business. Weve invested more than $14,000,000 to date and helped hundreds of small and medium size businesses to reach their goals, creating hundreds of sustainable jobs in the process.
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