OnDeck Business Loans Review
According to OnDeck's website:
It is challenging financing a business. Running a business is challenging on its own - from marketing, accounting, accounts receivable, and business operation – and you shouldn’t be slowed down because of financial issues. OnDeck offers loan terms of up to $150,000 to enable you to concentrate on the core aspect of your business. With a quick response time, you have the opportunity of completing your application within ten minutes and have your account funded within one business day.
How does OnDeck Business Loan work
Every small business owner can effectively be part of a flexible loan scheme that is provided by OnDeck. With a simple 10 minutes online application process, you can receive yours within a working day immediately. The terms of the loans range from $10,000 to $150,000 with a 6 to 24 months payment terms. It is a flexible term that enables you to pay either weekly or daily. Therefore, you have no excuse; choose what works for you. To qualify for this loan, your business must be in operation for a minimum of a year with at least a gross turnover of $100,000.
Features of OnDeck Loans
- Fast Funding: Applying for the OnDeck Loan isn’t complicated but a simple process. The application process is carried out on a secured platform with approval taking place within a few hours. Once approved, your money will reflect in your stated bank.
- Loyalty Discount: OnDeck offer discounts on fees on renewal loans. Besides this, you have the opportunity of qualifying for lower value with each successive business loan.
- Flexible Term and Rates: The rates offered by OnDeck isn’t just based on how your personal credit history is but also on the performance of your business. You have a better option when compared to your traditional banking.
- Customer Focus: OnDeck is committed to serving its customers. With great respect for small business owners in Australia, you won’t be disappointed choosing OnDeck for your loan services.
We do not offer loans from OnDeck. However, you can apply for business loans with other lenders from our panel.
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Apply for business loans from our lender panel. We do not offer loans from OnDeck.