In a Nutshell
- 24 hour approval
- Excellent customer service
- $100,000 yearly revenue is high for younger businesses
- 1+ year in business or more only
OnDeck at a Glance
|Loan types||Term loans, lines of credit|
|Repayment terms||3 to 36 months|
|Minimum credit score||600+|
|Minimum monthly revenue||$8, 000|
|Time until funding||As fast as 24 hours|
OnDeck offers two flexible financing options: a line of credit available up to $100,000 and a term loan, available up to $500,000. You can apply online in just a few minutes or call directly and speak to a loan specialist. Rates start as low as 9.99% AIR for term loans and 13.99% for lines of credit. Decisions are made within minutes and you can receive money in as fast as 24 hours.
- 3- to 36-month terms
- $5,000 to $500,000 limit
- Rates as low as 5.99% annualized interest rate
- Approval within minutes
- Funding in as fast as 24 hours
- Prepayment options
- Transparent rates and fees
Loan Application Information
For OnDeck financing options, repayment terms range from 6-36 months, which allows you to use financing for various use cases like funding purchases you can’t put on your credit card to purchasing a bulk inventory deal. There is a one-time origination fee, which will be based on your loan amount as well as prepayment options if you decide to pay back early.
Help & Support
OnDeck offers highly skilled advisors that are available 6 days a week to answer questions and provide ongoing support. You can call, email or live chat to ask questions and receive a customized assessment of your business The website itself provides more information than most of its competitors – but for queries that we had otherwise, OnDeck answered them quickly and honestly.
OnDeck is one of the most accessible, friendly and well-known lenders on the market at the moment. With endless positive reviews, in business since 2007 and $10 billion delivered to small businesses globally, it’s safe to say that OnDeck is making big waves in the industry and providing a much-needed booster shot for the American economy.
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. OnDeck offers business owners a complete financing solution, including the online lending industry’s widest range of term loans and lines of credit. To date, the Company has deployed over $10 billion to more than 80,000 small businesses in 700 different industries across the United States, Canada and Australia. OnDeck has an A+ rating with the Better Business Bureau.
1400 Broadway Suite 2500
New York, NY 10018