Business loans to take you forward.

Apply online in minutes
Receive funding in as fast as 24 hours
Get help from dedicated Loan Specialists

Get to know our small business loans

Term Loans

up to $500,000

  • 9.99%

    Lowest annual interest rate (AIR)*

  • 3-36 month terms

    Short and long term payback

  • One-time origination fee

    2.5-4% of loan amount

Grow and invest in your business.

Fund projects and purchases that drive your business forward.

You could
  • Purchase and profit from a bulk inventory deal
  • Invest in your online presence
  • Finally open that new location you've been eyeing

Lines of Credit

up to $100,000

  • 13.99%

    Lowest annual percentage rate (APR)*

  • Flexible revolving lines

    Only pay interest on what you draw

  • Monthly maintenance fee

    $20/month, waived with $5,000 initial draw*

Keep your business running smoothly.

Manage your working capital needs, both planned and unplanned.

You could
  • Take advantage of purchase opportunities
  • Be ready for unexpected opportunities or costs
  • Fund purchases you can't put on your credit card

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 23.6% simple interest and 49.7% AIR; average rates for lines of credit are 34.1% APR. Average rates are based on the six months preceding June 1, 2017.

Extraordinary customers, extraordinary opportunities

See how owners like yourself use their OnDeck business loans.

Do you qualify?

OnDeck reviews applications from business owners in business just 1 year, but our median customer has been in business 7 years.

Your business should earn a minimum of $100,000 in gross annual revenue. Typical gross revenues exceed $450,000.

The minimum allowed personal credit score of a business owner is 500, but the majority have scores of 660 and higher.

Minimum requirements to apply. Many of our financing options require a minimum of 1 year in business and $100,000 in gross annual revenue. OnDeck serves over 700 industries, so it’s likely that we’re able to work with you.
Just in case, here is a list of the few industries we can’t serve.

Ready to unlock opportunity?

The OnDeck Advantage®: benefits for your business.

We've learned a thing or two by working with over 70,000 business owners like yourself. With OnDeck you don't just get money in your pocket, you also get credit resources, renewal benefits and, best of all, peace of mind.

Easy application, fast funding

Apply through our secure platform, get approved in as fast as a few hours, and see money in the bank in as fast as 1 business day.

Johnny Burns of Two Guys Autobody Supplies

“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.”

Johnny Burns

Two Guys Autobody Supplies
Florence, Alabama

A dedicated advisor along the way

From the first call to ongoing consultation, your loan specialist is always there for you. OnDeck Loan Specialists work with business owners like you every day, so they’ll be able to answer questions about business loans, industry challenges and picking the best financing for your cash flow.

Build good credit

Whether you’re recently starting out or have been around for years, building a solid business credit profile is vital to being able to access financing at the rates you want. We help you build business credit by reporting your payment history to credit bureaus. You can also work with one of our Credit Specialists to navigate things like Secretary of State filings. Learn more about the importance of business credit on our blog.

RT Custer of Vortic Watches

“Companies like OnDeck are so important – they help you build your business credit while removing stressful ups and downs in cash flow, which is really helpful for businesses like mine. Last year we made about 300 watches, and this year we’ll make over 1,000 thanks to funding from OnDeck.”

RT Custer

The Vortic Watch Company
Fort Collins, CO

Anytime, anywhere

We offer great service both online or offline—your choice. You can access your account via your customer portal or mobile app at any time of the day, whether you want to check your balance, make a payment or find out when you’re eligible to renew. Or if you prefer speaking with a real person, you can talk to Customer Service six days a week.

Anytime, anywhere

Loyalty benefits

We want to be there for you, now and in the future. That’s why we offer discounts on fees on renewal loans, as well as the ability to qualify for lower pricing with each subsequent business loan.

Christopher Dutka of Christopher's Kitchen

“Each time I took out a loan with OnDeck, the interest rate went down, and I like that I can pay a little off my loan each day. The funding helped me boost my advertising and manage my cash flow.”

Christopher Dutka

Christopher’s Kitchen

Morganville, New Jersey
Rate definitions:

Simple Interest = Total interest you will pay, and given as a percentage of the amount borrowed, excluding fee

Annual Interest Rate = The interest rate in annualized terms, excluding fees

Annual Percentage Rate = The interest rate in annualized terms, including fees

* Fee is waived for 6 months, $5,000 initial draw must be within 5 days of opening account

Loans Subject to Lender Approval. Depending on the state where your business is located and other attributes of the loan, your business loan may be issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. Your loan agreement will identify the loan issuer prior to your signing.
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