OnDeck – Personal Loan
OnDeck is a leading US small business lender offering term loans and lines of credit with weekly payments and same-day funding.
Applying does not obligate you to accept a loan offer.
OnDeck Business Loan – Review 2026
OnDeck is a New York-based online small business lender, originally founded in 2006 as one of the first alternative finance companies in the US. OnDeck offers both term loans and business lines of credit.
OnDeck Loan Details
Term loans range from $5,000 to $250,000 with terms of 3 to 24 months. APRs are higher than at banks — typical APR ranges from 35.4% to 99.9%. Payments are weekly or daily, automatically debited from your business bank account.
✓ Pros
- Fast funding
- Easier qualification
- Term + revolving options
- Reports to credit bureaus
✗ Cons
- High APRs (35.4%-99.9%)
- Daily or weekly payments
- Origination fee 0%-4%
- Personal guarantee required
Loan Example
Example: $25,000 term loan over 12 months at 49.9% APR = weekly payment of $619.49, total payable $32,213.48.
Eligibility Requirements
- ✓ US business owner
- ✓ 1+ year in business
- ✓ Annual revenue $100,000+
- ✓ FICO 625+
- ✓ Business bank account
Loan Features
- Same-day or 24-hour funding
- Loans up to $250,000
- Lower business requirements
- Build business credit
- Term loans + line of credit
Frequently Asked Questions
24 hours after submitting your application.
The minimum amount at OnDeck is $5,000 USD.