I read this a while back somewhere regarding the working cap market (may have been DeBanked). Anyway, I understand On Deck does about 1000 new loan originations a month (excluding renewals). With 3-4 million eligible businesses out there in the US that could potentially qualify for this product, 12K new customers a year, for someone with On Deck's reach, seems like nothing. We are a generally small operation with no plans to expand, but so many of my competitors are betting huge with new state of the art offices and plans to hire 30, 40, 50 new sales reps to push these loans.

Smart? Foolish? Are we at the apex, on the ascent, or descending out of a bubble? I'd like to hear some thoughts on this. Thanks.