Get the funds your business needs at lightning speed through our professional and streamlined service.
Get started
What is a small business loan?
Small business loans come in different shapes and sizes and serve different purposes. Whether you are a business owner, looking to expand your business or need cash flow solutions, there is a business loan suitable for you.
Small business loans can either be secured or unsecured. Secured business loans are guaranteed by an asset, such as a property or a car. On the other hand, an unsecured business loan does not require any security, hence, interest rates on unsecured loans are typically higher than that of a secured loan.
What can you use a small business loan for?
Get extra cashflow to support your growing business
Help you pay for urgent repairs or renovations for your business
Ensure you don't miss out on any deals due to lack of funds
See you through unforeseen or unfortunate situations
Does your business qualify?
-
Minimum 1 year in business
-
Minimum $100,000 gross annual turnover
-
No bankruptcy (prior or recent)
-
Minimum 500 business credit score check it for free here
How much can I borrow with a small business loan?
OnDeck small business loans range from a minimum of $10,000 to a maximum of $250,000. The amount you can borrow will depend on how much you are able to pay back in weekly instalments as a business.
When business owners find they have cash flow or working capital requirements, or need a little extra to make a business grow, they need quick and easy access to funds.
No Assets Required
Ondeck doesn't take security over your assets, however we do require a personal guarantee
Flexible Payment Options
Our small business loan terms include weekly repayments over a 6-24 month period
Receive Funding Fast
If you're approved for a small business loan, funds can be available in as fast as 1 business day
How to apply for a small business loan
Applying for unsecured business loans from OnDeck is easy. The entire process can be completed, and the funds transferred in as fast as 1 business day. Just follow the step-by-step guide below.
Step 1. Small Business Loan Application
To apply for a small business loan, complete the 10-minute application, which has four parts: Create a login, About Your Business, About You, and Bank Statements. Have your personal and business bank statements, financial documents, and ID (Driver's License or Passport) ready. You may also need to provide details of your personal finances, such as assets, debts, income, and expenses.
Start your application here.
Step 2. Application Processing Time
Once your application has been submitted, our team will then verify your documents and review your business credit history and application. Approval can be as fast as 1 business day with the funds in your account that same day.
Step 3. Receiving Funds
Once approved, the funds will be deposited into your given bank account.
Step 4. Repayments
Our small business loan minimum term is 6 months, and our maximum loan term is 24 months, with a weekly repayment. Your repayment amount depends on your agreed loan amount and loan term.
Here's how it works:
 |
Online Application |
Complete a quick and easy application - it only takes a few minutes
 |
Loans as fast as 2 hours |
Our lightning loans® up to $175k can be funded in as fast as 2 hours - simply provide 6 months bank statements
 |
$250k in a day! |
More complex loans of up to $250k can be completed in as fast as 1 business day
 |
Dedicated support |
A dedicated Australia-based Loan Specialist will be in touch to help process your application
As featured on 2GB Sydney radio
Hear from Ross, the winner of OnDeck's $2,000 Business Bonus, in partnership with Ben Fordham and 2GB!
Learn More
Ben Fordham Live
