OnDeck Business Loans

Get quick access to the funds your small business needs with a loan from OnDeck.

Not all small business financing has to involve a complicated and drawn out process. If you're looking for a loan of up to $250,000, you can apply conveniently online with OnDeck. You don't have to wait long to find out if you've been approved, and you can receive approved funds in one business day. Read on to find out if this loan is right for your business.

3% of loan amount

Upfront Fee


Max. Loan Amount

6 months to 2 years

Loan Term

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Product NameOnDeck Business Loans
Min. Loan Amount$10,000
Max. Loan Amount$250,000
Loan SecurityUnsecured
Upfront Fee3% of loan amount
Loan Term6 months to 2 years

How does a small business loan from OnDeck work?

When you apply for a small business loan from OnDeck, your approval will be based on not only your personal credit score but also data from your business. If approved, you can receive your funds within one business day.

The loan terms can extend up to 2 years and repayments are automatically deducted from your business bank account daily or weekly.

What features come with an OnDeck small business loan?

Various features are on offer with this loan, including:

  • Flexible loan purposes. You can use the loan for a range of small business purposes such as purchasing equipment or inventory, hiring staff, renovating, moving or remodelling, bridging gaps in receivables or anything else your business needs.
  • Quick application and turnaround. You can apply online in about 10 minutes. If your application is approved, receive your funds the next business day.
  • Loan specialists. If you do need offline support, you can call the customer support team Monday through Friday for help with your loan application or loan account.
  • Loan amount. You can apply for a loan between $10,000 and $250,000.
  • Loan terms. You can choose loan terms between 6 months and 2 years, depending on what best suits your needs and budget.
  • Fees and rates. Small business loans come with a loan origination fee of 3% of loan amount, and the fee for loan renewals is 1.5% of the loan amount. Your rate will be based upon OnDeck's credit assessment.
  • Repayments. Your repayments will be automatically deducted from your business bank account, so you won't have to worry about missing due dates.

How your small business can apply with OnDeck

If you'd like to apply for a loan from OnDeck, you can get your small business application started online. The eligibility criteria outlined below will need to be met before starting your application. Your small business needs to:

  • Have been operating for at least one year
  • Currently be operating in Australia
  • Have had an annual revenue of at least $100,000 in the past 12 months
  • Not be operating in a restricted industry (check OnDeck's website)

If you meet these criteria, you can start your application. Make sure you have your personal, business and financial details on hand to complete your application.

While OnDeck provides a competitive option for small business owners to consider, remember to compare all of your loan options before submitting your application.

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    Default Gravatar
    March 8, 2019

    HI, I have questions:

    1. Can I have a loan to purchase a rural business, like a greenhouse? if yes, I need detail.
    2. My company has worked for two years and 4 months. The first year was a loss; the second was a loss. Will it impact eligibility to receive a loan?

      Avatarfinder Customer Care
      March 11, 2019

      Hi Kourosh,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      If you are referring to OnDeck, here are the answers:

      1. Yes, it is possible for you to borrow money from OnDeck and use that money to purchase a greenhouse. However, you would need to meet the eligibility requirements of OnDeck. They are the following:

      – Have been operating for at least one year
      – Currently be operating in Australia
      – Have had an annual revenue of at least $100,000 in the past 12 months
      – Not be operating in a restricted industry (check OnDeck’s website)

      You can know more about the details by visiting OnDeck’s website. Click on the “Go to site” green button above to be redirected to their official page.

      2. Yes, the status and financial situation of your business could potentially affect your ability to get approved. However, OnDeck would also base their decision on your personal credit score.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


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