OnDeck Term Loans

Grow and invest in your business
with loans up to $500,000 and annual interest rates as low as 9.99%*

Our Business Term Loans

  • Short Term Loans

    3-12 month terms

    Finance projects that have an immediate return on investment

    • Updating or refreshing locations
    • Inventory deals with a quick turnaround
    • Marketing campaigns
    • Seasonal hiring or inventory
  • Long Term Loans

    15-36 month terms

    Fund larger projects that pay back longer term

    • Expansion or new locations
    • Large-scale inventory purchases
    • Equipment purchases
    • New product development


  • Short Term Loans

    • As low as 9% Total Interest Percentage*
    • Average rates of 21.6% Total Interest Percentage

    What is Total Interest Percentage?

    Total Interest Percentage calculates the total amount of interest you pay as a percentage of your loan amount. This rate excludes any fees.

    For shorter terms (12 months or less), Total Interest Percentage lets you easily see the total payback amount of your loan.

    Total Interest Percentage is also referred to as Fixed Simple Interest, and is not an annualized rate.


    On a 6 month, $10,000 loan with 9% Total Interest Percentage and weekly payments, your interest cost is $900, for a total payback amount of $10,900.

  • Long Term Loans

    • As low as 9.99% Annual Interest Rate*
    • Average rates of 40.1% Annual Interest Rate

    What is Annual Interest Rate?

    Annual Interest Rate calculates the yearly interest percentage you pay based on your average loan balance. This rate excludes any fees.

    While you should always consider the total cost of a loan, for longer terms (more than 12 months) you can use the Annual Interest Rate to compare loans of similar duration.


    On a 24 month, $100,000 loan with 9.99% Annual Interest Rate and weekly payments, your interest cost is $10,418.15, for a total loan payback amount of $110,418.15.

* Eligibility for the lowest rates is very limited, available only to businesses with the strongest creditworthiness and cash flows, and typically businesses that have shown an excellent payment history on prior loan products with OnDeck.
Note: Depending on the location of your business, your loan will be originated under either Utah or Virginia law.

Origination Fee
  • One-time fee to cover cost of servicing and processing the loan
  • 1st loan: 2.5-4% of loan amount
  • 2nd loan: 1.25-3% of loan amount
  • 3rd+ loan: 0-3% of loan amount

We help small businesses every day. Here’s what they’re saying:

  • “OnDeck’s process was very streamlined. I called them up, told them what I wanted to do, filled out some paper work, and within a couple days I had the money deposited in my bank account. I highly recommend OnDeck to any small business looking to grow. It has been very good for us - my business has grown 59% since I started working with OnDeck.”

    Two Guys Autobody

    Johnny Burns
    Two Guys Autobody Supplies
    Florence, AL

Term Loan FAQs
Do I qualify?
  • Companies in business at least one year
  • $100,000+ in gross annual revenue
  • At least one owner with a 500+ personal credit score
How do I pay back?
  • Fixed daily or weekly payments
  • Automatically deducted from your business bank account
  • We offer prepayment options, including potential interest reductions. They vary based on our assessment of your business and your credit
How is my rate determined?
  • Your line amount and rate will be based on our assessment of your business along with your business and personal credit
Apply Now
One application for all OnDeck financing options

Or call a Funding Specialist at (888) 996-1445

We help small businesses every day. Here’s what they’re saying:

  • “My friends and I started Waterfront Wines about a year and a half ago. We hadn't had too much experience with lenders, but OnDeck has set the bar pretty high. Our sales rep was prompt, courteous and honest. With the money we were able to invest in the business, we're trending towards 25% growth this year.”


    Benjamin Bohen
    Waterfront Wines & Spirits
    Brooklyn, New York

  • “OnDeck made getting a loan so incredibly easy and simple - I knew I was making the right decision. And, since closing my loan, I've already seen more than 100 new customers walk through my door. I'll definitely be coming back to OnDeck for my next project.”


    Sharon Herd
    Tropic Tan
    Kennesaw, Georgia

Interest rates, terms and amounts vary based on risk assessment and creditworthiness at the time of application. Your loan size, term and rate will be based on our analysis of your business as well as your history with OnDeck, if applicable.