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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
$250,000
Max. Loan Amount
6 months to 2 years
Loan Term
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Product Name | OnDeck Business Loans |
---|---|
Min. Loan Amount | $10,000 |
Max. Loan Amount | $250,000 |
Loan Security | Unsecured |
Upfront Fee | 3% of loan amount |
Loan Term | 6 months to 2 years |
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.
Various features are on offer with this loan, including:
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:
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.