Unlocking Growth With The Best Business Loans

Looking for the best business loans can be a challenge, especially with the other administrative matters you have to attend to. 

However, through this article, we at OnDeck will assist you in making the right financial decisions. Join us as we discuss topics like business loan eligibility criteria, unsecured financing, and so much more. 

Rapid and reliable business loans

Letting simplicity speak for itself

At OnDeck, we recognise that those looking for the best business loans are considering speed and convenience. After all, time is of the essence, and just about every business wants to work quickly – all for efficient growth and development. 

With this, we pride ourselves on having a quick, easy, and straightforward process. 

1. Begin with our online application, which only takes ten minutes to complete. 
2. Afterwards, you can expect a decision in as fast as thirty minutes. 
3. Finally, once you sign the contract, the money will be transferred to your account in as little as two hours. 

Know that we have OnDeck loan specialists ready throughout the entire process. Not only can they address your questions or concerns, but they can also help you learn more about the best business loans for your needs. 

Apply now and get funding in as fast as two hours. 

Frequently Asked Questions (FAQ)

How do business loans differ from personal loans? 

These two types of financing differ in several ways, particularly in spending purpose, grantee, maximum amount, and overall duration. 

Specifically designed for business or commercial expenses, small business loans are granted to a company rather than an individual. They also typically offer higher borrowing limits and longer repayment terms, making them ideal for new or established businesses in need of substantial funding. 

On the other hand, personal loans provide more flexibility when it comes to personal expenses. However, they tend to come with lower borrowing limits and shorter repayment periods. This makes them less suitable for large, long-term business expenses. 

With these differences and distinctions, it’s no surprise that a number of enterprises look for the best business loans for their needs. That’s why, at OnDeck, we’re dedicated to bringing you the best business financing we can provide. Look to us for quick business loans with repayment terms ranging from six to twenty-four months.

How do I qualify for a small business loan?

Eligibility criteria can vary among the best lenders for business loans. However, to qualify for small business loan and business credit options, you would generally need to have a viable enterprise setup. This means that your business needs a solid financial history and substantial cash flow. 

We at OnDeck understand how complicated the requirements can be, even for the best business loans for your needs. For this reason, we champion transparency and clarity with our four basic eligibility criteria. Your company simply needs the following to be eligible for a loan from us:

• a minimum of one year in business, 
• an annual turnover exceeding $100,000,
• a record without bankruptcy (prior or recent); and 
• a minimum business credit score of 400. 

We’ve carefully put these criteria in place to ensure that those partnering with us are well-positioned to manage and repay their small business credit effectively. We are committed to supporting the growth and stability of your business.

Can I get a business loan without collateral?

While many may think that collateral is needed to get approved for a business loan, it’s not actually true. At OnDeck, we have unsecured business loans that fit your needs.

We know that the best business loans are ones that align with your goals. As such, we’re here to provide unsecured, fast business funding based on your specific situation and sector, be it construction, manufacturing, healthcare, or others. 

You can also have confidence in our service since we’ve provided thousands of Australian business owners with access to the funding needed to grow their businesses.

Our approach to providing the best business loans we can is focused on simplicity and efficiency. Here, we ensure that securing online business financing doesn’t become an overwhelming task or feel like another job. 

There’s no need to look further for business funding options. Get started with us at OnDeck today.

Dedicated support every step of the way

We at OnDeck are a partner in progress for small businesses across Australia. Plus, with years of experience, we know how important personalised assistance can be in business finance.

That’s why your business can have a committed Australia-based loan specialist with us. Know that they can guide you through the application process, ultimately understanding your business and ensuring a smooth experience from start to finish.

This article is for general information purposes only. Content may belong to or have originated from third parties, and OnDeck takes no responsibility for the accuracy, validity, reliability or completeness of any information. OnDeck is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how this information relates to your unique circumstances. OnDeck is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly by the use of this website.