JPMorgan Working With On Deck to Speed Small-Business LoansBy
Bank plans to offer a new lending product with On Deck in 2016
Executive: `We'll be able to offer almost real-time approvals'
JPMorgan Chase & Co., the biggest U.S. bank, is collaborating with On Deck Capital Inc. to dramatically speed up the process of providing loans to some of the lender’s 4 million small-business customers. On Deck’s stock surged 28 percent in extended trading.
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