Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Online, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon
Get Up To $300k In Short-Term Funding In Less Than 24 Hours - Claim this offer
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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 doesn’t just use the credit score to determine the perfect loan for your business.
As an owner, they look at the payment history, total debt and percentage of business ownership. Business-wise, they look at the annual revenue, public records, cash flow and length of business.
From there, they offer flexible payment schedules and tailored options. Is your business ready to be fueled with a term loan suited to the business needs?
One of the benefits OnDeck offers is the Fixed Term Loan which offers short-term funding ranging from $5K-$300K, which can be received in less than 24 hours.
They pair your business with a dedicated lending advisory to ensure you get the best service and additional funding if your business needs it.
Unlike other lenders, OnDeck has competitive rates and flexible payments. You can choose the loan amount and term length depending on your business.
Additionally, you can benefit from lower rates based on how strong the business’ creditworthiness is.
The second funding option from OnDeck is the Business Line of Credit from $6k-$50k within 24 hours.
The Line of Credit is suitable for small businesses that want instant funding. You can make withdrawals between $1k-$10k on the same day.
OnDeck offers competitive rates, and no collateral is needed. You can stay in control by paying interest only on what you choose to withdraw, without prepayment penalties.
Like the Fixed Term Loan, you also access lower rates depending on the business’s creditworthiness.
Is your business looking into boosting cash flow? OnDeck’s Flex Funds can help your business access instant capital from $5k-$300k, which you can receive on the same day.
The Flex Funds off as flexibility, allowing you to repay based on the percentage of your daily sales. They also offer lower rates, no collateral and no maintenance fees compared to other lenders.
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Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Online, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon
Since 2007
Finance
English
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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Greg provided excellent service: professional, polite and responsive. Applicants should measure their expectations vis-a-vis interest rates and amount of credit offered. Unless you have exemplary credit, in which case you would probably already have a line of credit with a bank, expect to have to build a relationship with OnDeck in order to qualify for good rates.
Rodney was an absolute delight to work with. He was direct, honest, we always knew where we stood and what time frame we were looking at. Absolutely wonderful at his job and we would enjoy working with him anytime.
Very pleasant to deal with Mohamed. The process was fully explained and easy to follow. Thank you very much for your help at a difficult business time. I would recommend OnDeck and Mohamed to anyone. I look forward to dealing with OnDeck in the future.
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