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Shark Tank judge talks OnDeck’s Seal of Approval Contest

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ST. LOUIS, MO (KTVI)- You know her from the popular show Shark Tank, where contestants compete to get their products launched by big backers.

Barbara Cocoran joined us live from New York to talk about the Seal of Approval Contest.

Seal of Approval, brought to you by OnDeck, is open to small business owners. Barbara, also known as the no nonsense Shark, tells us how viewers and small business owners can enter, take advantage of an amazing opportunity for funding and a private meeting with her to help advance and further establish their small business.

A $10K prize and private consultation with winning businesses is up for grabs!

The contest is aimed at helping small businesses overcome one of the biggest hurdles they face on their path to growth: access to capital.

Studies show obtaining funding can be a time-intensive process for American entrepreneurs. According to the Federal Reserve Bank, business owners spend on average 33 hours searching and applying for credit from traditional sources, with no guaranteed approval.

If you have an existing business you can enter for a chance to win! The contest begins on Tuesday, October 18th.

OnDeck (NYSE: ONDK) is the leader in online small business lending. Since 2007, the company has powered Main Street’s growth through advanced lending technology and a constant dedication to customer service. OnDeck’s proprietary credit scoring system – the OnDeck Score® – leverages advanced analytics, enabling OnDeck to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours.

Check the OnDeckCapital Facebook page for additional information.