OnDeck Business Loan Review

OnDeck Capital offers business loans that feature speed, convenience, and looser qualifications than banks but comes at a cost as OnDeck charges higher interest rates compared to competitors.

Features of OnDeck Business Loans

• Fast Application and Funding Process: Applying takes as little as 10 minutes and, if approved, your loan can be funded in as little as 24 hours for a term loan. Line of credits between $1,000 and $10,000 can be funded instantly.
• Doesn't require great credit: While OnDeck borrowers typically have credit scores between 680 to 720, the minimum credit score requirement is 600.

• Line of credits: OnDeck’s line of credit can help you out during times of low cash flow.