ONDECK ANNOUNCES FIRST-EVER NASCAR SPONSORSHIP
Nation’s Largest Online Lender to Small Business will be Primary Sponsor of 2019 NASCAR Cup Rookie of the Year Daniel Hemric at Upcoming Races
NEW YORK, N.Y., March 10, 2020 – OnDeck® (NYSE: ONDK), the leader in online lending to small business, today announced its sponsorship of the No. 8 Chevrolet for JR Motorsports and driver Daniel Hemric in two races during the 2020 NASCAR Xfinity Series season. The primary sponsorship of Hemric, the 2019 NASCAR Cup Series Rookie of the Year, and JRM marks OnDeck’s initial involvement in NASCAR.
By partnering with JRM and the No. 8 team, OnDeck is joining with one of the most successful organizations in NXS competition. Based in Mooresville, N.C., JRM holds 47 victories and three championships since entering NXS competition in 2005. The organization is co-owned by NASCAR on NBC analyst and 15-time winner of NASCAR’s Most Popular Driver Award Dale Earnhardt Jr., sister Kelley Earnhardt Miller, and NASCAR Hall of Fame member Rick Hendrick.
OnDeck’s sponsorship begins on Saturday, March 14, when Hemric and the rest of the NXS compete in the Atlanta 250 at Atlanta Motor Speedway. Hemric will again race with OnDeck colors on June 20 at Chicagoland Speedway.
To view an image of the OnDeck sponsored No. 8 car, please see: www.jrmracing.com.
To learn more about NXS driver Daniel Hemric, see: www.danielhemric.com
“OnDeck is proud to sponsor the JR Motorsports team and driver Daniel Hemric for races during the 2020 NASCAR Xfinity Series season,” said Noah Breslow, chairman and chief executive officer, OnDeck. “So many of our small business customers are avid motorsports fans and we look forward to joining them to cheer on Daniel and the No. 8 car decked out in OnDeck colors at the Atlanta 250 and the Chicago 300. “
“I can’t wait to get to Atlanta with OnDeck coming onboard our No. 8 Chevrolet,” said Daniel Hemric. “It’s awesome to see a new company like OnDeck come into the world of NASCAR and I couldn’t be happier that they have allowed me to be the one that gets to represent them at both Atlanta and later this year in Chicago with our JR Motorsports Camaro. It’s great to see them using a platform like NASCAR to help get their messaging across. Hopefully they’ll have a great time and we can come away with a couple of victories for them.”
About OnDeck OnDeck (NYSE: ONDK) is the proven leader in transparent and responsible online lending to small business. Founded in 2006, the company pioneered the use of data analytics and digital technology to make real-time lending decisions and deliver capital rapidly to small businesses online. Today, OnDeck offers a wide range of term loans and lines of credit customized for the needs of small business owners. The company also offers bank clients a comprehensive technology and services platform that facilitates online lending to small business customers through ODX, a wholly owned subsidiary. OnDeck has provided over $13 billion in loans to customers in 700 different industries across the United States, Canada and Australia. The company has an A+ rating with the Better Business Bureau and is rated 5 stars by Trustpilot. For more information, visit www.ondeck.com.
OnDeck, the OnDeck logo, OnDeck Score and OnDeck Marketplace are trademarks of On Deck Capital, Inc.
About JR Motorsports: JR Motorsports is the management company and racing operation for Dale Earnhardt Jr., NASCAR’s 15-time Most Popular Driver and winner of 50 NASCAR-sanctioned races. Now in its 18th year of overall competition, JR Motorsports races in multiple divisions, including the NASCAR Xfinity Series where it won championships in 2014, 2017 and 2018. The company also competes in Late Model competition and owns four championships in regional late model divisions. To learn more about the organization, its drivers and its sponsorship opportunities, visit www.jrmracing.com.