The perfect combo of speed
and service—it’s easy to get started
1 Complete the application
Go online or call us—just make sure to have your Business Tax ID (EIN), last three months of business bank statements, as well as the current month-to-date statement of activity at your fingertips. Our underwriting team will review your application.
2 Review your options
Expect a call from your dedicated loan expert to discuss your offers within one business day. If approved, you'll choose your term, amount, and payback schedules, then complete an easy online checkout.
3 Get your funds
As soon as same day, you can receive your funds. For term loans, your loan may be eligible for Same Day Funding (via ACH) or wire. For lines of credit, you can choose Instant Funding* or Same Day funding. That's what we call fast financing.
We serve over 700 industries. There are a few industries we can't serve. Learn More
Please note: we currently cannot lend to businesses in South Dakota
Your business is more than just your credit score
We know the health of your business is based on more than a single number. So we use a combination of technology and real people to evaluate you and your business. Here are a few factors we consider:
Our commitment to transparency
We understand how important it is for you to know exactly what you’re getting when you choose business financing. That’s why OnDeck provides an easy-to-read, comprehensive guide called the SMART Box® Capital Comparison Tool. The guide lists all of the key financing metrics and how they are calculated so that you have the right information when making financing decisions for your business.
Fees you can understand
OnDeck charges a one-time origination fee per term loan and a $20 monthly maintenance fee** for lines of credit to cover the cost of servicing and processing your business financing. Your dedicated loan advisor can answer any questions you have when you receive your financing offer from us.
Payback options that work for you
Choose between fixed daily or weekly payments based on what works best for your business
Avoid missing payments and boost your business credit with automatic withdrawals
Always have the option to pay back your loan early. We also have prepayment options for you.
I originally used my OnDeck funds to build my dream practice in Pearl City. I was averaging about 285 patient visits a week at my Honolulu office. I saw an 85% increase in Pearl City! We are growing!Dr. Reed Shiraki
Honor Box Chiropractic
Pearl City, HI
* Registration terms and conditions apply. Instant Funding registration and withdrawals are currently supported from your desktop and the OnDeck mobile website. They are not currently supported in the OnDeck mobile app. This benefit is available at no additional cost with a vast majority of major banks participating. Instant Funding is available for transactions between $1K-$10K. Same Day ACH is available for transactions up to $25K for select states. Checkout or draw must be within eligible times, between 7 PM ET day before and 10:30 AM ET day-of.
** Fee is waived for 6 months if a $5,000 initial draw is made within 5 days of opening account