Daily News: April 21, 2015

OnDeck to Team with Angie’s List

Angie’s List announced plans to team with OnDeck Capital to offer financing to its service providers.

As part of this agreement, service providers on Angie’s List will have access to OnDeck’s loans for up to $250,000. Qualifying service providers can use their loans to invest in their business’ growth, manage cash-flow or finance their Angie’s List subscriptions.

“We are focused on providing convenience and value to service providers as they grow their businesses and we are excited to work with OnDeck to help make that happen,” said Tom Fox, Angie’s List chief financial officer. “As a result of this relationship, service providers will have access to a leading small business lender and seamless customer service experience.”

“OnDeck and Angie’s List share a commitment to small business,” said Jerome Hershey, vice president of business development, OnDeck. “We are thrilled to partner with Angie’s List to provide their tens of thousands of eligible service providers with an opportunity to access critical growth capital.”

Service providers on Angie’s List who apply to OnDeck will have access to business term loans up to $250,000 and business lines of credit up to $20,000, and can start applying for OnDeck financing today. Interested parties should contact their Angie’s List advertising account manager.

Angie’s List provides reviews on local service providers and different services.