NEW YORK, Aug. 27, 2015 /PRNewswire/ -- OnDeck®, a leading platform for small business lending, along with Minor League Baseball™, America's leader for affordable family entertainment, announced today The Bavarian Nut Company, based in Buffalo, New York, has received the Small Business of the Month Award. OnDeck launched the award program in partnership with Minor League Baseball to recognize small businesses that are making a positive impact on their local communities. In addition to throwing out the ceremonial first pitch at the Buffalo Bisons game, The Bavarian Nut Company owner Dan Desrosiers will be presented with the award in a pregame on-field ceremony.
Dan founded The Bavarian Nut Company in 1994 and continues to satisfy patrons at his store location and at fairs, wine shows and food festivals. Today, Dan, his spouse Shara, and his daughter Valerie, run the operation along with four part-time employees. The company has also received an award in the snack-food category from Taste of Lancaster. Additionally, Dan helps support other local businesses by selling their products in his store.
"OnDeck is thrilled to grant The Bavarian Nut Company the Small Business of the Month Award," said Andrea Gellert, chief marketing officer, OnDeck. "Dan has created a business that brings joy to his family and community. His success exemplifies the importance of family values when it comes to doing business right."
Dan will receive 10 VIP tickets to the Aug. 29 Buffalo Bisons game, an on-field photo opportunity and will throw out the ceremonial first pitch.
"I love being in Elmwood Village; the community is very supportive of small family-owned businesses," said Desrosiers. "It makes my week when families take photo ops with our 12-foot tall Nutcracker mascot, 'Woody,' when they pay a visit to the store."
The Bavarian Nut Company joins select small businesses from throughout the U.S. who will be recognized by OnDeck and Minor League Baseball across more than 20 activation clubs this season.
OnDeck is 100 percent focused on small business with $3 billion in critical growth capital deployed nationwide. OnDeck has provided more than $10 million in small business loans to 235 Buffalo small businesses and more than $220 million in loans across New York state through June 30, 2015.
OnDeck, a leading platform for small business loans, is committed to increasing Main Street's access to capital. OnDeck uses advanced lending technology and analytics to assess creditworthiness based on actual operating performance and not solely on personal credit. The OnDeck Score®, the company's proprietary small business credit scoring system, evaluates thousands of data points to deliver a credit decision rapidly and accurately. Small businesses can apply for a line of credit or term loan online in minutes, get a decision immediately and receive funds in as fast as the same day. OnDeck also partners with small business service providers, enabling them to connect their customers to OnDeck financing. OnDeck's diversified loan funding strategy enables the company to fund small business loans from various credit facilities, securitization and the OnDeck Marketplace®, a platform that enables institutional investors to purchase small business loans originated by OnDeck.
Since 2007, OnDeck has deployed more than $3 billion to more than 700 different industries in all 50 U.S. states, and also makes small business loans in Canada. The company has an A+ rating with the Better Business Bureau and operates the website BusinessLoans.com which provides credit education and information about small business financing. On December 17, 2014, OnDeck started trading on the New York Stock Exchange.
For more information, please visit www.ondeck.com and follow OnDeck on Twitter @OnDeckCapital.
About Minor League Baseball
Minor League Baseball, headquartered in St. Petersburg, Florida, is the governing body for all professional baseball teams in the United States, Canada, Venezuela and the Dominican Republic that are affiliated with Major League Baseball clubs through their farm systems. Fans are coming out in unprecedented numbers to this one-of-a-kind experience that can only be found at Minor League Baseball ballparks. In 2014, Minor League Baseball attracted 42.4 million fans to its ballparks to see the future stars of the sport hone their skills. From the electricity in the stands to the excitement on the field, Minor League Baseball has provided affordable family-friendly entertainment to people of all ages since its founding in 1901. For more information about Minor League Baseball, visit www.MiLB.com.