Large Loan by OnDeck

Large Loan by OnDeck

OnDeck offers business term loans up to $500,000 and business lines of credit up to $100,000 to qualifying small businesses. The process is simple and looks at the overall health of a business rather than personal credit alone. Their quick application requires little to no paperwork. Decisions can be given in minutes, and funding is delivered in as fast as 24 hours. Apply today!

Nav's Verdict

Cost
40% Complete
LowHigh
Effort to Apply
20% Complete
EasyDifficult
Funding Speed
30% Complete
MonthsMinutes
Repayment Terms
30% Complete
MonthsYears

8/10

Bottom Line

This is a good product for working capital and businesses with consistent revenue. Shop around and see if this gives you the best terms compared to alternatives.

Pros

Minimal Paperwork. Fast Approval & Funding. Transparent pricing.

Cons

Established businesses only with high revenue requirements.

Qualification requirements

Annual Revenue

At least $3,000,000

Time in Business

At least 2 years

Credit

650+ personal credit score and a minimum of 5 monthly bank deposits

Cost
APR between 25%-40%
Repayment Terms
Daily, weekly up to 24 months
Funding Amount
$250,000-$500,000
Origination Fee
2.5%
Funding Speed
48 hours
Application
All digital. May require some phone communication

Reviews

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