Term Loan by OnDeck
OnDeck is America’s largest online small business lender offering business term loans up to $250,000 and business lines of credit up to $100,000 to qualifying small businesses. The process is fast and easy and looks at the overall health of a business rather than personal credit alone. Their application requires only 3 months of business bank statements. Decisions can be made in minutes, and funding is delivered in as fast as 24 hours
One application, two paths to finance your business - applicants are reviewed for both a Term Loan and Line of Credit. Minimal paperwork. Fast approval time. Transparent pricing. “White Glove” customer service. Access to multiple lending options.
Need a minimum of 1 yr time in business. $250,000 maximum loan amount. Not available in all states.
At least $120,000 in annual revenue per year
Time in Business
At least 18 months
625+ personal credit score and a minimum of 5 monthly bank deposits
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