Term Loan by OnDeck

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. Limited time offer – Nav exclusive $400 cash back promotion for all approved loans.

Nav's Verdict

4% Complete
Effort to Apply
3% Complete
Funding Speed
7% Complete
Repayment Terms
3% Complete


Bottom Line

This is a great option for businesses with consistent revenue, seeking competitive pricing working capital products. OD is known in the industry for their transparency and speed to fund. OD is the largest online lending company, which provides confidence to users with finding the right long-term partner to help fuel their company's growth.


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.

Qualification requirements

Annual Revenue

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

As low as 29.9% APR
Repayment Terms
Daily, weekly up to 24 months
Funding Amount
$5,000 - $250,000
Origination Fee
Funding Speed
48 hours
All digital. May require some phone communication


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