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Small business loans
from $10,000 to $250,000

Small business loans
from $10,000 to $250,000

Enjoy an unforgettable $250 RedBalloon experience when you take out a business loan before June 30*

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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?

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    Get extra cashflow to support your growing business

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    Help you pay for urgent repairs or renovations for your business

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    Ensure you don't miss out on any deals due to lack of funds

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    See you through unforeseen or unfortunate situations

Enjoy an unforgettable

$250

experience

when you take out a business loan before June 30*

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.

Does your business qualify?

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    Minimum 1 year in business

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    Minimum $100,000 gross annual turnover

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    No bankruptcy (prior or recent)

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    Minimum 500 business credit score check it for free here

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

Frequently asked questions

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!

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*RedBalloon gift voucher offer commences 9:00am (AEST) 1 May 2024 and closes 11:59pm (AEST) 30 June 2024 "Promotional Period". The promotion is open to new OnDeck customers only. Each eligible loan between $10,000-$250,000 will receive (1) a $250 RedBalloon gift voucher. Vouchers will be dispatched by RedBalloon at the end of the promotional period, following the completion of the promotion. OnDeck bears no responsibility for disputes between you and RedBalloon and reserves the right to terminate the offer at any time.