On Deck to expand to Denver, reports American Banker

American Banker reports On Deck will establish a presence in Denver in 2013. The company plans to loan more than $400 million this year.

Excerpt:

"On Deck will provide more capital to small businesses in 2013 than it did during the previous five years in total. This investment provides On Deck with greater capacity and resources to bring technology-enabled finance to the mainstream of the American small business market," said On Deck's chief executive Noah Breslow in a press release.

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On Deck recently opened regional offices in Atlanta, Sarasota, Chicago and Los Angeles. It has plans to place employees in Denver later this year, as well as expand its New York City headquarters and Arlington, Va. space.

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Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
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