OnDeck is the leader in online lending for small business. We empower growing businesses to take advantage of every opportunity. Combining highly personalized customer service with best in class technology, OnDeck offers a wide range of efficient credit solutions to serve small businesses like no other. To date, OnDeck has deployed over $8 billion to more than 80,000 customers in 700 different industries across the United States, Canada and Australia.

Our passion for Main Street and the cutting-edge technology we use to evaluate businesses based on their actual performance, not solely business owners’ personal credit scores, make it possible for us to responsibly expand access to credit. This allows businesses to spend their time where it provides the most benefit—on their customers and on growing, not looking for a small business loan.

Loan Features

We understand that financing a small business can be a challenge that requires more time than most small business owners have in a day. Business operations, accounts receivable, accounting, and marketing are all an important part of running a small business—and financing shouldn’t slow down your focus on these issues; it should instead help a business grow. OnDeck offers financing options like short and longer-term loans and lines of credit, in order to grow your business.

Flexible terms and rates based on your business’ performance, and not solely personal credit history, may make an OnDeck loan an attractive option when compared to a traditional bank loan. We offer a quick response to loan applications by qualifying and evaluating business performance based upon a variety of important performance metrics.

OnDeck has a variety of loan options to suit your needs. To qualify for an OnDeck loan, your business should have the following characteristics:

1. Minimum 1 year in business
2. Minimum of $100,000 in annual revenue
3. Minimum 500 FICO score of the business owner

Application Process

OnDeck’s application process is simple and typically takes about 10 minutes. Typically, we only require basic information about yourself and your business. Depending on your loan amount, we may also ask for:

1. Business Tax ID
2. Credit card statements for the previous 3 months
3. Bank statements for the previous 1 to 3 months
4. Social Security number of business owner(s)
5. Driver’s license number and state of issue

Repayment Terms

Our term loans range from $5,000 – $500,000 over 3 – 36 month terms. Our lines of credit go up to $100,000. Payments are made over six months. The lines are revolving so as you pay down your balance, your available funds increase.

OnDeck deducts a fixed payment from your business bank account on a daily or weekly basis, depending on the loan type you are approved for. These fixed payments help ensure minimal impact to your cash flow and are proven to prevent the snowball effect often caused by missing larger monthly payments.

As a customer, you will have access to an online account where you can monitor your loan and payment activity 24/7/365. Also, with our mobile apps for both Apple and Android devices you have access whenever and whenever you wish.

Customer Support

1400 Broadway
New York, New York

+1 888-881-5978

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