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Advertiser & Editorial Disclosure

Large Loan by OnDeck

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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

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

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

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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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Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

Editorial Disclosure

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.