OnDeck Has Applied to Become a PPP Lender

OnDeck has applied to become a lender for the Paycheck Protection Program (PPP), according to a post the company made on social media. The online lender is one of the first to publicly announce an official entry for consideration since the application went live for fintech companies Wednesday evening.

OnDeck CEO Noah Breslow said on LinkedIn, “We are excited to be one of the fintechs delivering PPP loans as a direct lender – our team has been working around the clock getting us ready and now we wait and hope we are approved soon!”