Main Street Pulse Report - Small Business Capital Needs | OnDeck

Small Business Loans
- Business Line of Credit
- Term Loans
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About Us

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- Business Line of Credit
- Term Loans

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

Apply Now

OnDeck | Small Business Loans

OnDeck Main Street Pulse Report

Despite challenges, small businesses remain focused on growth.

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- Business Line of Credit
- Term Loan
- Who We Are
- Partner With Us

Small Business Loans
- Business Line of Credit
- Term Loan
Resources
About Us
- Who We Are
- Partner With Us
Legal

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Better Business Bureau Accedited Business, A+ Rating
Innovative Lending Platform Association
Forbes Advisor, Best of 2023, Best Small Business Loans

Same-Day Funding is only available in certain states, for term loans up to $200K. Eligibility window is Monday – Friday before 10:30 a.m. ET. If checkout is done before 10:30 a.m. ET, funds will be available by 5 p.m. local time the same day. If checkout is done after 10:30 a.m. ET, or on a weekend or bank holiday, it will not qualify for Same-Day Funding and funds will be deposited within 2 – 3 business days.⏎
Instant Funding requires registration and is subject to the Instant Funding Terms & Conditions. Instant Funding is limited to open lines of credit for draws between $1,000 - $10,000, and you can only make one draw request per day. Not all banks or debit card providers participate, and you must register a business debit card matching the information associated with your OnDeck account. Transfers are typically completed within 30 minutes, but may be subject to additional restrictions or delays.⏎
There are some industries we cannot serve (see list of restricted industries). In addition, OnDeck does not lend to businesses in North Dakota. Other underwriting requirements may apply.⏎
When you pay off an OnDeck term loan early, you may still need to pay a portion of the unpaid interest expense as stated in the loan agreement. The specific percentage will be disclosed in your loan agreement.⏎
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. The average rate for term loans is 56.4% APR and the average rate for lines of credit is 56.6% APR. Averages are based on loans originated in the half-year ending June 30, 2025.⏎
Depending on your state and other circumstances of your application, you may be required to make a minimum draw of $1,000 at origination.⏎
Only customers who have previously renewed a term loan are eligible for a 0% origination fee. For customers renewing a term loan for the first time, a discounted origination fee will apply. No discount to the origination fee will be applied if you are approved for, and accept, a renewal loan of 24 months.⏎

Loans are subject to lender approval. Depending on the state where your business is located and other attributes of your business and the loan, your business loan may be issued by a member of the OnDeck family of companies or by Celtic Bank. Your loan agreement will identify the lender prior to your signing. Loans of $250K are only approved for customers with strong credit profiles and sufficient verified monthly revenue.

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