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.
Type of Loan - Short-term unsecured business loans
Loan amount - $10,000-$250,000
Repayment terms - 6-24 months
1 year in business
$100K annual turnover
At least 3 monthly deposits
No bankruptcy (previous or recent)
Minimum 500 business credit score
The OnDeck application is online and can take just a few minutes to complete.
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.
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.