Fast Business Funding

Apply in minutes — no obligations, no hard credit pulls.

1 year in business
625 personal FICO^® score
$100K business annual revenue
Business checking account

10-Minute

application process

$15 Billion

delivered to U.S. businesses

A+ Rating

with the Better Business Bureau

Funding Options Built to Work for You

OnDeck Line of Credit

A revolving credit line you can draw from 24/7 to receive funds within seconds.^*

Great for ongoing business needs
Credit limits from $6K - $100K
Flexible repayment terms of 12, 18 or 24 months

OnDeck Term Loan

A one-time lump sum of cash with an eventual option to apply for more.

Great for larger investments in your business
Loan amounts from $5K - $250K
Repayment terms up to 24 months

Why Business Owners Choose OnDeck

No Hard Credit Pulls

Check your eligibility without affecting your credit score.

Fast Funding

Lines of credit can fund instantly.^* Term loans can fund the same day.^†

Build Credit History

OnDeck reports to credit bureaus, which build credit history with on-time payments.

† Same-day funding is only available in certain states for term loans up to $100K. The eligibility window is Monday through 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 on 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 OnDeck 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 prepay your term loan in full, OnDeck will apply a discount on the remaining unpaid interest based on the Prepayment Interest Reduction Percentage stated in your loan agreement.

Eligibility for the lowest rates is very limited. It is available only to businesses with the strongest creditworthiness and cash flows, typically businesses that have shown an excellent payment history on prior loan products with OnDeck. The average rate for term loans is 56.1% APR, and the average rate for lines of credit is 55.9% APR. Averages are based on loans originated in the half-year ending March 31, 2024.

Depending on your state and other circumstances of your application, you may be required to make a minimum draw of $1,000 at origination.

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 are subject to lender approval.

4700 W. Daybreak Pkwy., Suite 200, South Jordan, UT 84009