In a hurry? We’ll let you know if you qualify for our fast small business loans quickly. We’ll provide you with a qualifying decision within 2 business days. If you use our instant decision application, you’ll know immediately whether you qualify.
While traditional bank loans often require specific collateral before they will lend to a small business, OnDeck offers fast small business loans ranging from $5,000 to $250,000 with a general lien on business assets which is removed once you repay the loan. Unlike a bank, OnDeck does not consider the value of your assets in the funding decision.
Since our fast small business loans are 3-24 month terms, the personal guarantee is only required for this period, unless you choose to renew with us later. In this way, small business owners are able to get the fast small business loans they need without securing hard assets, and are able to pay it back quickly to manage expenses.