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Lenders Name: OnDeck

Loan Amount: $10,000 to $250,000

How to Qualify for a Loan

  • 1 Year Minimum Trading History
  • $100,000 Gross Annual Turnover
  • No Bankruptcy (prior or recent)
  • Credit Score 500+

Available Products from Ondeck

  • Small Business Loans
  • Unsecured Business Loans
  • Equipment Finance

OnDeck is a global group, specialising in small business loans. They have extensive experience and expertise in this space, having been in operation since 2007. Formed and headquartered in New York City, OnDeck had established itself in the premier financial district of the world, cumulatively lending over US$3 billion by 2015. Taking this proven model overseas, OnDeck expanded into Canada and Australia, locally partnering with a trusted name, MYOB. OnDeck is also a founding member of ILPA, a reputable industry body that represents best-practice online lending and services, as well as CAFBA, MFAA and FBAA.

OnDeck understands that funding small businesses can be a timely process, that most owners simply don’t have. They utilise innovative technology to assess businesses on their true performance, not just the number on the owner’s credit score file. Typically, this is a major advantage to traditional loans from a bank - OnDeck strives to understand your business and unique circumstances. In addition to this, OnDeck appreciates funding speed is vital to the operation of a small business so it’s possible to have a loan application approved and funded in as little as one business day. They also work with your business to offer flexible repayment terms, up to 24 months, and loan amounts starting from just $10,000, all the way up to $250,000.

In addition to general small business loans, OnDeck also offers equipment finance solutions for up to $100,000. There’s a simple 1-page application, no balloon payments (own the asset upfront) and terms of up to 48 months, with flexibility to fund non-primary assets.

As of now, OnDeck has loaned over US$12 billion to small business owners across the globe. That’s over 80,000 small business owners, across 700 industries, that have trusted OnDeck to provide the funding they need to support their business’ growth. With a Net Promoter Score of 80 and 9.5/10 Trustpilot rating this gives owners peace of mind to focus on what they do best, serving their customers and growing their business.