Tags: OnDeck valuation
November 12, 2014
By Bob Coleman
Editor, Coleman Report
The unregulated non-bank lender has lent more than $1.7 billion to Main Street since 2007 at exorbitant interest rates.
Under criticism of APRs well over 100%, OnDeck says it has capped APRs at 99%. The average APR per loan is just over 50%.