MBAs Now Have A Faster Way To Borrow

By the My MBA Career Content Team � Find Top MBA Degree Programs

A provider of small business solutions recently announced that it has lending technology that could accelerate the borrowing process for MBAs

On Deck Capital unveiled Instant Decision on September 29. This lending technology will allow small businesses all over the U.S. to gain instantaneous loan pre-qualification. Instant Decision allows the company to examine small businesses and their cash flow to determine whether or not they are financially healthy. Based on this rapid examination, the company determines whether or not a loan is possible.

"We have essentially converted days, even weeks, into seconds for small business lending approval," said Mitch Jacobs, On Deck Capital's CEO. "Instant Decision will fundamentally change the lending landscape and in effect begin to help rebuild the cornerstone of the American economy - small business."

The company says that it understands how important speed is when it comes to issuing loans. Sometimes the funds acquired are enough to save a small business. Through Instant Decision, companies can reportedly receive an answer on loans of up to $50,000 in just five minutes.

If you've always wanted to go into business for yourself but need the know-how, consider enrolling in an MBA program today. An MBA degree could equip you with the skills you need to decide what sort of loan is right for your small business. and entrepreneurs.

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