Put fast funds to work for your business.

Apply for a business term loan from $5K - $250K.

Lump Sum
from $5K - $250K

maximum repayment term

daily or weekly payments

Grow your business with an OnDeck Term Loan.

Building a successful business requires money. You might need to buy equipment, stock up on inventory or fund an expansion. In the past, business owners would turn to banks for their funding needs. But traditional business lenders require a lot of paperwork — and time that a busy entrepreneur just doesn’t have.

That’s where we come in.

At OnDeck, our term loans can provide fast funding for any business need. If approved, funds are delivered as soon as the same business day. We also offer an online business line of credit that can be useful for keeping funds on hand. These products can be used in combination for approved customers.

Benefits of an OnDeck Term Loan.

No hard credit pulls

Check your eligibility without affecting your credit score.

Fast funding

If approved, you can receive funds the same day.

Build business credit history

We report to business credit bureaus, which helps build business credit history with on-time payments.

Business funding that moves at your speed.

  • Step 1

    Complete the application.

    Our streamlined process is designed to be completed in just minutes.

  • Step 2

    Get a decision.

    We’ll let you know if you qualify for our term loan, line of credit or both. If approved, you can then choose your loan amount and repayment terms.

  • Step 3

    Receive your funds.

    Sign your contract and get funds as soon as the same day.

Are we a match? Check our business term loan requirements.**

1 Year
in business

personal FICO® score

business annual revenue

checking account

We’re fluent in small business — and ready to take your call.

You don’t need to be an expert on small business loans. Our team of U.S.-based loan advisors is here to help you every step of the way.

(888) 269-4246
Monday – Friday
9:30 a.m. – 7:30 p.m. ET

FAQs: OnDeck Term Loan

How soon can I get my funds?

OnDeck’s term loan can fund to your bank account by 5 p.m. the same day you’re approved.

Can I get more funds after my first loan?

Many OnDeck Term Loan customers renew their loan. When you renew, all remaining interest on the original term loan is waived and you’re issued a new loan. You may also qualify for a lower origination fee — as low as 0%.

What is the OnDeck Loan Comparison Tool?

The OnDeck Loan Comparison Tool shows you the key terms you need to evaluate potential small business loan offers. It’s an easy-to-read tool that gives you a comprehensive, standardized breakdown of your cost of capital.

Can I repay my OnDeck Term Loan early?

Yes. If you qualify for our 100% prepayment benefit option, you can pay your loan off early in full and have all remaining interest waived without any penalty or fee.

Are payments fixed or variable?

Payments for OnDeck’s term loan are fixed, so you’ll pay the same amount from the beginning to the end of your repayment term. This allows you to manage your cash flow with no surprises or large costs up front.

How does payback work?

Repaying your term loan is hassle free with automatic bank account deductions. The predictable daily or weekly payment is based on your loan amount and term length. It’s intended to be manageable based on your application information.