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The ranking on this site is determined by Top Business Lenders at its sole discretion, based upon, inter alia, accessibility of the various sites, scope of the services offered and other factors. The ranking should NOT be relied upon for accuracy purposes. To provide you this service free of charge, we embed links to the provider sites that assign us referral commissions. We guarantee that this arrangement does not cause any bias to the offers we display, although it may impact the ranking structure. Terms of Use

Ondeck AU Review 2019

Established 2007

Address Sydney, Australia

rank Score 4.8

4.8
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Loan Period

6-24 months

Loan Range

$10K - $250K

Pros

  • Flexible terms
  • Not credit score based
  • Good reputation

Cons

  • Only one product
  • Not for startups
  • No personal loans

Bottom Line

If you’re looking for a quick business loan from one of Australia's most reputable lenders, then OnDeck could have the right solution for you.

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Who are Ondeck AU?

Launched in 2007, OnDeck has provided over US$12 billion in funding to over 70,000 businesses in Australia, the US and Canada. The company bases its loan approvals on company cash-flow, not just on credit score.

What we like best

  • Not based solely on credit score
  • Up to $250,000 in funding
  • Quick & easy process

What services does OnDeck offer?

Type of Loan - Short-term unsecured business loans

Loan amount - $10,000-$250,000

Repayment terms - 6-24 months

What do you need to apply?

  • 1 year in business

  • $100K annual turnover

  • At least 3 monthly deposits

  • No bankruptcy (previous or recent)

  • Minimum 500 business credit score

How does the application process work?

The OnDeck application is online and can take just a few minutes to complete.

Is OnDeck trustworthy?

OnDeck has an A+ rating from the Better Business Bureau and has a Truste certified privacy policy. All your personal data is securely encrypted and protected at all times.  

Customer Support

OnDeck makes it easy for customers to contact them and are reachable via email, phone, and live online chat through their website. They're available from Monday to Friday from 9am-6pm. We contacted them on the phone and they not only answered promptly but their loan specialist was also very helpful.

Final Verdict

If you’re looking for a fast way to get a business loan from a reputable lender, then OnDeck could be the right solution for you.

 

Please note that all information provided in this review is accurate at the time of publication and is subject to change. The information contained in this review is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The reviewer accepts no responsibility for any consequences whatsoever arising from the use of such information.