OnDeck

What does OnDeck offer?

OnDeck offers a term loan that pays out a lump sum for a defined purpose, such as equipment or an expansion, and a 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 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.

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 and 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 covers the standard set, and our term sheet guide explains the origination and prepayment clauses to check.

How does OnDeck compare with similar 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, 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. 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.