OnDeck

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Noah Breslow headshot
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Location: New York, NY
Founded: 2007
Industry: Small business lending

OnDeck

Noah Breslow
CEO

BOOSTING SMALL BUSINESSES

OnDeck uses a proprietary credit scoring system to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours. To date, the company has delivered more than $5 billion to customers in the U.S., Canada and Australia. “OnDeck is 100 percent focused on small business, a unique and historically challenging segment to serve,” says CEO Noah Breslow. “We’re making capital more accessible, and we’re making the process faster so business owners can spend their time growing their businesses.”

Quick Tip: “A great leader is someone who leads by example, is open and transparent with his team, believes in continuous improvement, and establishes a vision for the organization that people are excited to follow.” 

In the span of three years, OnDeck went from around 120 people, who all knew each other’s names, to more than 600 employees. “This growth presented some issues. One was around how we execute cross-functional projects — every new product or initiative required coordination and communication across a much larger set of people to bring it to life,” says Breslow. “To overcome this, we created a new project-management framework for the company, which clearly designated roles and responsibilities for larger cross-functional projects, and this helped us immensely as our size and complexity continued to scale.”