# OnDeck Source: https://businessloanbroker.ai/lenders/ondeck/ Site: BusinessLoanBroker.ai (powered by Levr) > OnDeck lends US small businesses a term loan for a defined need and a revolving line of credit for ongoing access. See who it fits and how to apply. OnDeck is one of the longest running US online business lenders and now part of Enova International. It funds US small businesses with two products, a term loan for a defined need and a revolving line of credit for ongoing access, and the originating lender is either an OnDeck company or Celtic Bank depending on your state and transaction. ## Key facts - **Products:** Business term loans, business lines of credit - **Company type:** Online business lender, part of Enova International - **Operates in:** United States; state and industry restrictions apply - **Lender of record:** An OnDeck company or Celtic Bank, named in the agreement - **Uses:** Inventory, payroll, equipment, expansion - **Website:** ondeck.com ## What does OnDeck offer? OnDeck offers a [term loan](https://businessloanbroker.ai/business-loans/term-loans/) that pays out a lump sum for a defined purpose, such as equipment or an expansion, and a [line of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) you draw against an approved limit as needs come up. Its website lists inventory, payroll, equipment and expansion as common uses. The profile notes that the lender of record is either an OnDeck company or Celtic Bank, depending on the transaction, and that your financing agreement identifies which one. State and industry restrictions apply. ## Who does OnDeck fund, and who do they decline? OnDeck funds US small businesses across most industries. The profile does not publish a funding range, revenue minimum, credit score or time in business, and it notes state and industry restrictions without listing them. As a long running online lender, expect it to want a trading history, consistent bank deposits and a reasonable credit profile, and to price above a bank in exchange for speed. The profile notes that its sister brand [Headway Capital](https://businessloanbroker.ai/lenders/headway-capital/) now routes applications to OnDeck. A business outside the United States is not eligible, and one that wants banking with its credit should compare [Bluevine](https://businessloanbroker.ai/lenders/bluevine/). ## What does it typically cost and how fast is it? OnDeck does not publish rates or fees on the profile; pricing is quoted per file. The profile advises reviewing origination charges and the effect of early repayment, since some online term loans fix the total cost up front. Ask for the APR, the origination fee and the prepayment terms in writing, and compare with the typical ranges on our [term loan](https://businessloanbroker.ai/business-loans/term-loans/) and [line of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) pages. Funding speed is not published. ## What will you need to apply? Expect an online application with three to six months of business bank statements, your EIN and formation documents, owner ID and, for larger amounts, a recent business tax return. Our [document checklist](https://businessloanbroker.ai/guides/document-checklist/) covers the standard set, and our [term sheet guide](https://businessloanbroker.ai/guides/how-to-read-a-term-sheet/) explains the origination and prepayment clauses to check. ## How does OnDeck compare with similar lenders? [Bluevine](https://businessloanbroker.ai/lenders/bluevine/) offers a line up to $250,000, a term loan up to $500,000 and SBA 7(a) loans with business banking attached. [Headway Capital](https://businessloanbroker.ai/lenders/headway-capital/), the Enova sister brand, offers a line up to $100,000 with 12 to 24 month terms and non compounding interest, and now routes applications to OnDeck. OnDeck's strength is scale and track record; Bluevine adds the SBA option if you qualify for cheaper money. ## How to apply Apply once on this site and matching shows whether OnDeck, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our [MCP server](https://businessloanbroker.ai/agents/). A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you. | Lender | Products | Funding range | Operates in | Best suited for | |---|---|---|---|---| | OnDeck | Term loan, line of credit | Not published | United States | US small businesses wanting a fast online term loan or line from an established lender | | Bluevine | Line of credit, term loan, SBA 7(a) | Up to $500,000 | United States | Growing US businesses wanting banking and working capital together | | Headway Capital | Line of credit | Up to $100,000 | United States, 41 states plus DC | Established US businesses above $50,000 revenue wanting revolving credit over a lump sum | ## Questions and answers **Who is the lender on an OnDeck loan?** Either an OnDeck company or Celtic Bank, depending on the transaction and your state. The profile notes that the financing agreement identifies the originating lender. **Does OnDeck charge for early repayment?** The profile advises checking the effect of early repayment, which suggests it varies by product. Ask whether paying early reduces the total cost before you sign. **Is OnDeck available in every state?** No. The profile notes state and industry restrictions apply without listing them, so confirm availability for your location. ## Related - [Bluevine](https://businessloanbroker.ai/lenders/bluevine/) - [Headway Capital](https://businessloanbroker.ai/lenders/headway-capital/) - [Business term loans](https://businessloanbroker.ai/business-loans/term-loans/) - [Business lines of credit](https://businessloanbroker.ai/business-loans/line-of-credit/) ## Apply Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-lender-ondeck MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)