Fast financing for restaurants from OnDeck and Upserve
By Canadian PizzaProducts Back of House New Products
OnDeck, an online lending to small business and Upserve, a restaurant management platform, will work together to give Upserve’s restaurant clients online financing options from OnDeck.
The partnership will give OnDeck access to customers of the Upserve restaurant management platform and allow Upserve restaurant customers to be pre-qualified for online term loans and lines of credit from OnDeck, OnDeck said in a news release.
“The e-mail about the new financing option from Upserve couldn’t have come at a better time,” said Laurence Addeo, owner of Addeo’s Pizza in Bronx, New York, in response to a preview of the partnership and a chance to apply early for financing. “I am opening a second location and needed money for some small renovations. I figured let me give it a shot. The process was simple and not invasive, and I received my money fast. OnDeck and my advisor Carl were great. He was very thorough when going over the whole process. I am happy I followed up with the email and made the call. I’ll be opening my second location soon!”
To date, OnDeck has provide more than $900 million in online financing to restaurants across the United States, Canada and Australia.
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