NEW YORK, Oct. 18, 2016 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced that its annual Seal of Approval Contest is now open for entries. Small businesses in the United States can now submit entries in hopes of being one of three lucky winners to take home a $10,000 prize and a one-on-one personal coaching session with Shark Tank investor and real estate mogul Barbara Corcoran.
This is the second year that OnDeck has teamed up with Barbara Corcoran to help three small businesses with one of the biggest hurdles they face on their path to growth: access to capital. Obtaining capital can be a time-intensive process for American entrepreneurs. In fact, according to the Federal Reserve Bank, business owners spend on average 33 hours searching and applying for credit from traditional sources – with no guarantee of approval. OnDeck makes real-time lending decisions and delivers capital to small businesses in as little as 24 hours.
Anyone with an existing business can enter to win. Visit www.facebook.com/OnDeckCapital to review the official rules and to enter the Contest by describing how you would use the $10,000 and advice from Barbara Corcoran to grow your business. Small business owners can also show their passion, drive, and vision by including photos of their business, along with sharing links to their social media pages (including Twitter, Facebook, or LinkedIn.)
The Contest starts today and is open through November 14, 2016 at 11:59 p.m., EST. Submissions will be judged by Barbara Corcoran, Noah Breslow, OnDeck CEO, and David Bobbitt, the President of SCORE, a non-profit organization comprised of 11,000 business executives who volunteer to provide free and confidential advice to small businesses.
The three winners will receive:
- $10,000 to invest in their business, courtesy of OnDeck
- An in-person strategy session with Barbara Corcoran in New York City or via live video conference
- Social Media promotion of their business by both Barbara Corcoran and OnDeck
Last year's Contest winners, The Gents Place (Dallas, TX), The Sugar Path (Geneva, IL) and BodyworksBall™ (Brick, NJ), have all made major strides over the past year thanks in part to Ms. Corcoran's coaching and the $10,000 prize from OnDeck. One of last year's winners, BJ Dowlen, the Founder and President of BodyworksBall™, credits the Seal of Approval Contest for helping propel a momentous year for her business. Not only is BodyworksBall™ now distributed in Made in America Stores across the country, but BJ has also landed two book deals, elevating her professional profile.
Barbara Corcoran knows all too well the hurdles many small business owners face while trying to grow their businesses. After failing at 22 jobs, she borrowed $1,000 from a boyfriend, quit her gig as a diner waitress, and started a tiny real estate office in New York City. Leveraging the unconventional lessons she learned from her mother, over time she built The Corcoran Group into a $6 billion dollar business. Viewers also have come to love Barbara for the no-nonsense wisdom she offers to entrepreneurs on ABC's hit reality show, Shark Tank.
Ready to apply for the opportunity to meet a Shark and grow your business? Visit www.facebook.com/OnDeckCapital to enter.
For the complete Contest official rules, visit https://bcsealofapprovalofficialrules.shortstack.com/5LKCtL. No purchase necessary to enter or win. Void where prohibited. Travel and accommodations are not included.
OnDeck (NYSE: ONDK) is the leader in online small business lending. Since 2007, the company has powered Main Street's growth through advanced lending technology and a constant dedication to customer service. OnDeck's proprietary credit scoring system – the OnDeck Score® – leverages advanced analytics, enabling OnDeck to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours. OnDeck offers business owners a complete financing solution, including the online lending industry's widest range of term loans and lines of credit. To date, the company has deployed over $5 billion to more than 50,000 customers in 700 different industries across the United States, Canada and Australia. OnDeck has an A+ rating with the Better Business Bureau and operates the educational small business financing website BusinessLoans.com. For more information, please visit www.ondeck.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ondecks-annual-seal-of-approval-contest-opens-for-entries-300346126.html