Online local business lender On Deck has raised $42 million in a Series D round of funding led by Institutional Venture Partners, with participation from existing investors RRE Ventures, SAP Ventures and First Round Capital. The company offers short-term loans ranging from $5,000 to $150,000, often approved and distributed within a day, to small businesses needing additional cash liquidity. The latest financing would seem to dispel Fall rumors of an Wonga’s acquisition of On Deck. [Source: VentureBeat]