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What the OnDeck TV commercial - Loan Falcon is about.

Title: OnDeck TV Spot: Loan Falcon

Introduction:In the fast-paced world of small business financing, OnDeck has soared above the competition with their innovative solutions for entrepreneurs. In their captivating TV spot, "Loan Falcon," OnDeck showcases their commitment to helping small businesses succeed by delivering loans with lightning speed. Let's dive into the details of this exhilarating commercial and explore the message it conveys.

Scene 1: Sky High Potential:The commercial opens with a breathtaking aerial shot, showcasing the vibrant cityscape. Against this backdrop, we see a falcon flying majestically, symbolizing business potential and the soaring aspirations of small business owners.

Scene 2: The Hero Emerges:Suddenly, the falcon gracefully swoops down, revealing the OnDeck logo on its outstretched wings. This symbolic representation portrays OnDeck as a guiding force, ready to swoop in and assist businesses in need.

Scene 3: The Journey Begins:Cutting to a series of fast-paced shots, the commercial introduces us to the challenges and dreams of small business owners. We witness a bakery owner seeking to expand, a construction company needing new equipment, and a tech startup aiming to scale their operations.

Scene 4: The Loan Falcon Strikes:Just as each business owner faces potential setbacks, the falcon dives in, representing OnDeck's fast, efficient loan process. It symbolizes the speed and precision with which OnDeck delivers much-needed financial assistance to these small businesses.

Scene 5: Reaping the Rewards:With newfound financing, the bakery owner proudly displays an array of delectable cakes, the construction company showcases their completed project, and the tech startup flaunts new devices and an expanded team. These scenes highlight the positive impact OnDeck has on the growth and success of small businesses.

Scene 6: Confidence and Trust:The commercial concludes with a shot of the OnDeck logo, accompanied by small business owners expressing their gratitude and satisfaction. This scene emphasizes OnDeck's commitment to fostering trust and establishing strong relationships with its clients.

Message and Impact:"OnDeck TV Spot: Loan Falcon" effectively portrays OnDeck as a reliable and trustworthy partner that understands the unique challenges faced by small businesses. By showcasing their ability to provide swift funding, OnDeck demonstrates their dedication to helping entrepreneurs achieve their dreams.

The powerful imagery of the falcon conveys a sense of authority, speed, and precision - all qualities that resonate with business owners seeking financial support. The commercial leaves a lasting impression, reminding viewers that OnDeck is a force to be reckoned with in the world of small business financing.

Conclusion:"OnDeck TV Spot: Loan Falcon" is a captivating commercial that successfully communicates OnDeck's commitment to assisting small businesses. Through the metaphorical representation of a falcon, OnDeck's speed, precision, and reliability are emphasized, instilling confidence in potential clients. The commercial presents OnDeck as a partner ready to help small business owners reach new heights of success, making it an impactful and memorable TV spot.

OnDeck TV commercial - Loan Falcon produced for OnDeck was first shown on television on December 6, 2021.

Frequently Asked Questions about ondeck tv spot, 'loan falcon'

Our one-page application requires basic information about you and your business. You'll also submit your credit score, annual revenue, and last three months of bank statements. Once you provide the required documents and information, OnDeck will perform a soft credit pull.

To qualify for funding from OnDeck, your business should have the following characteristics: Minimum one year in business. Minimum of $100,000 in annual revenue. Minimum 625 personal FICO score of the business owner.

OnDeck offers both installment and revolving loans. Our term loan provides lump-sum funding paid back through regular installments. Our line of credit provides revolving credit that allows you to tap available funds as you need them.

The OnDeck team will assess your personal and business credit scores, annual revenue and cash flow, and time in business to determine the interest rate. The interest rate for short-term loans starts at 29.9%. However, the average interest rate for OnDeck term loans is 62.1% APR.

Lenders like to see evidence that you've successfully repaid credit before. If you haven't used credit before, or if you're new to the country, there might not be enough data for lenders to approve you. You have late or missed payments, defaults, or county court judgments in your credit history.

OnDeck charges an origination fee of up to 4 percent. Additionally, if your loan doesn't come with OnDeck's Prepayment Benefit, repaying early means you'll still owe 75 percent of the loan's remaining interest. Loans are secured by a general lien on business assets, and you'll have to sign a personal guarantee.

While there's no official required SBA loan credit score from the Small Business Administration, lenders will often set minimum personal and business credit score requirements for SBA loan applicants. An SBSS of 140 to 160+ or a personal score of 620 to 640+ are commonly needed to qualify.

Though it may be more challenging to find a lender that's willing to work with you, it is indeed possible to obtain a loan with a credit score of 550. Most lenders require a minimum credit score of between 600 and 650, but some lenders specialize in personal loans for those with lower scores.

SBA Express SBA Express It features the easiest SBA application process and accelerated approval times, plus it offers longer terms and lower down payment requirements than conventional loans.

It is possible to get a startup business loan with no revenue or no money. But if you need to find financing that doesn't depend on cash flow, your best choice may actually be to wait - if you can afford to. You'll likely qualify for better rates and terms once your business's finances are stronger.

Avoid loans with APRs higher than 10% (if possible) “That is, effectively, borrowing money at a lower rate than you're able to make on that money.”

Our Take. The bottom line: OnDeck loans are a good option for fast, short-term financing - especially for business owners who can't qualify for a bank loan.

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Actors

Actors who starred in OnDeck TV Spot, 'Loan Falcon'

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Advertisers of the OnDeck TV Spot, 'Loan Falcon'

OnDeck TV commercial - Loan Falcon
OnDeck

OnDeck is a leading online lender that offers small business loans to businesses in need of financing. The company was founded in 2006, with the main goal of providing small businesses with easy acces...

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