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With OnDeck you can access three types of business funding solutions from one simple application: fixed-term loans, lines of credit, and flex funds.
Funding ProgramsOnDeck offers three funding programs for busineses. With fixed-term loans you can grow and invest in your business with a short-term infusion of capital to fund specific projects and purchases to drive your business forward. Lines of credit keep your business running smoothly with reliable, revolving access to working capital to help you manage your ongoing business needs. Finally, flex funds align to work with your cash flow. Pay back faster when sales are strong, and benefit from smaller payments when they’re not.
OnDeck focuses on supporting and empowering small businesses through financial solutions and exceptional service. They offer flexible terms and rates where small businesses can expect a quick response to loan applications.
OnDeck's minimum requirements include the following:
OnDeck's application process takes less than 10 minutes. All you need to do is complete the application form by giving important information. The lending advisor will contact you to agree on the best offer. Once done, you can expect to receive it in less than 24 hours.
OnDeck's Term Loans range from $5,000-$250,000 over 3-24 months. While the Lines of Credit range from $6,000-$100,000 with a payback option of up to 12 months.
As mentioned, the cost of a loan depends on lots of factors. However, OnDeck uses its score technology to decide the actual rate. This helps them analyze numerous data and base their rate depending on the performance of the business.
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