Exciting news for established small businesses out there – OnDeck is now offering a new loan product called OnDeck Term 24.
Known as Term 24, this new loan product will help qualified businesses quickly and seamlessly get approved for larger loans with two-year terms and pricing that is competitive with traditional lenders.
Term 24 is designed for businesses that have been in operation for at least 3 years, have over $1M in annual revenues, and value speed and convenience when accessing capital.
Typical capital uses include expanding store locations, purchasing large pieces of equipment, or making a major business investment.
OnDeck Term 24 details:
- Loans from $50K – $250K
- Term lengths of 12 – 24 months
- APR ranging from 19.99% – 39.99%
To qualify, businesses must meet the following criteria: in continuous operations for at least 3 years, revenues of at least $100K per month, strong business and personal credit, and stable business checking account balances.
For more information, visit www.ondeck.com or call 888-269-4246 today. We have Loan Specialists standing by 6 days a week to take your call.
OnDeck is a Google Ventures-backed company with an A+ Rating with the Better Business Bureau. The company offers small business loans nationwide to over 725 different industries