OnDeck is the leading provider of quick loans for businesses, offering fast and easy access to funds when they’re needed.
Whether you want to smooth out cash flow or pick up new assets, OnDeck’s intuitive online application process lets business owners can apply for a loan in minutes and receive their funds in as quickly as one business day. With our convenient online application process, applying for a business loan from OnDeck is an ideal choice if you’re looking for quick financing without all the hassle of traditional bank loans.
Unsecured business loans range from $10,000 to $250,000, get started now and have an approval in as fast as 30 minutes.
How long does it take for a business to get a quick loan?
OnDeck is ready and waiting with small business loans of up to $250,000 for when your business needs a cash influx or has emergency invoices to pay.
Once you apply for a business loan from OnDeck, approval and funding can happen in as fast as one business day. The entire process is straightforward and fast – simply fill out an online application and provide us with any requested paperwork. This only takes minutes. We will review your application and if approved, send you an offer as soon as we can. Once you review the repayment plan and accept it, the funds from your small business loan can be deposited into your account the same day.
What are the eligibility criteria for a quick business loan?
Minimum $100,000 gross annual turnover
Minimum 1 year in business
(Prior or recent)
Minimum 400 business credit score required
To help ensure a quick result, read the full eligibility criteria for our fast business loans before applying. To apply, make sure you meet the criteria above and have 6 months of business bank statements ready.
Know Your Score
Your business credit score plays an important part in determining your eligibility for a loan. Before you apply, check your business credit score to make sure you meet the minimum requirements.
You can do this for free and without leaving any financial footprint using OnDeck’s Know Your Score tool.
Common uses of quick loans for business
An unsecured loan from OnDeck can be used for any business expense. Small businesses commonly use them to:
- Smooth out cash flow
- Invest in new equipment or assets
- Expand into new markets or product lines
- Paying invoices
- Finance a seasonal spike in expenses
Quick business loans from OnDeck can provide the funds you need to help your business grow. With fast and easy access to capital, our quick loans for businesses offer all the advantages of traditional bank lending without the hassle. Start your application today and get approval in as fast as 30 minutes!
Small business loans FAQ
Can you get a business loan with no security?
OnDeck offers unsecured business loans, which means they don’t require security. A secured business loan carries more risk because if you default on the loan the business owner loses any assets put down as security. An unsecured business loan does not require assets to be put at risk, which can make it a better option for many business owners. We believe in making the process of applying for a loan as easy and stress free as possible – that’s why we offer unsecured business loans! Apply now to find out how much you qualify for with no security required.
Can you get a business loan with no cash?
Yes, unsecured business finance from OnDeck does not require a deposit. You require a minimum of $100,000 in gross annual turnover, to have been in business for at least 1 year, not had a prior bankruptcy and a minimum business credit score of 500.
Once your business meets these criteria you can apply for quick unsecured business loans of up to $250,000.
How much can I borrow for an unsecured small business loan?
OnDeck loans can supply your business for between $10,000 and $250,000 in just a few hours with a 6 or 24-month repayment term and no upfront security.
Prepared by OnDeck Capital Australia Pty Ltd ABN 28 603 753 215 (“OnDeck”) 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. Information current as at April 2023. You should not rely upon the material or information as a basis for making any business, financial or any other decisions. Loans issued in Australia are subject to the terms of a loan agreement issued by OnDeck. Loans are subject to lender approval. OnDeck® is a Registered Trademark. All rights reserved.