Lightning Loans™
Apply online and get a decision in minutes for loans up to $200,000. Simply share your bank statements, no paperwork required.
Unsecured loans for fast-moving businesses
Time and money. There’s never enough of it in business. We’ve made our unsecured1 business loans fast and simple to give you more of both.
Lightning speed for smaller and bigger loans
Lightning Loans™ Plus
For larger loans up to $300,000, we'll ask for your ICA, plus either your income tax return or accountant-prepared financials. A decision typically takes a few hours.
Built for small businesses. Endless opportunities.
Our unsecured loans can be used for (almost) anything.
- Buy equipment
- Hire more staff
- Grow your business
- Manage cash flow gaps
- Open a new location
- Pay supplier invoices
- Purchase stock or inventory
- Pay for marketing
- Hire when it matters
- Emergency repairs
- Take on new work
- Expand your business
- Buy equipment
- Hire more staff
- Grow your business
- Manage cash flow gaps
- Open a new location
- Pay supplier invoices
- Purchase stock or inventory
- Pay for marketing
- Hire when it matters
- Emergency repairs
- Take on new work
- Expand your business
Every business is different. We look at the bigger picture
A thriving business shouldn’t be held back by outdated lending criteria. We leverage more data points and over a decade of small business insights to understand how your business really performs. If you tick these boxes, there’s a good chance for a “yes”.
Loans by small business experts
As a leading Australian small business lender, OnDeck knows what you need from your financing. Our Lightning LoansTM are built specifically for small business cash flows, and we tailor the loan to fit your business.
Frequently asked questions
A small business loan provides funding that businesses can use to manage cash flow, invest in growth, purchase equipment, or cover operational expenses. The loan is repaid over an agreed term, with regular repayments that include both principal and interest.
OnDeck offers unsecured small business loans with repayment terms between 6 and 30 months. Because the loans are unsecured, there's no requirement to provide property or business assets as collateral. Approval is based on the strength and performance of the business. To explore loan options, visit the Lightning Loans™ and Lightning Loans™ Plus pages.
An unsecured business loan provides funding without requiring property, vehicles or business assets as collateral, which means small business owners can access capital without putting personal or commercial assets on the line. This typically makes the application process faster and less complex than a traditional secured loan.
Unsecured lending is particularly useful for small businesses that don't own significant assets, are leasing their premises, or prefer to keep existing assets free of additional security. All OnDeck loans are fully unsecured, although a personal guarantee is required as part of the standard application process.
A secured business loan requires the borrower to pledge an asset, typically property, vehicles or equipment, as collateral that the lender can claim if the loan isn't repaid. An unsecured business loan does not require any specific asset as collateral, so approval is based on the strength of the business itself.
Secured loans often offer larger amounts and lower rates, but they involve longer approval times, more paperwork, and the risk of losing the secured asset. Unsecured loans, like those offered by OnDeck, are typically faster to access and better suited to small businesses that need capital quickly or don't want to tie up their assets.
OnDeck business loans are repaid through fixed weekly repayments, automatically debited from the business bank account. Repayment terms range from 6 to 30 months, giving small businesses predictable payments that are easier to plan around.
The exact repayment amount is set at the time of the loan offer and remains consistent throughout the term, so there are no surprises. For details on a specific loan offer, the full repayment schedule is outlined clearly before any agreement is signed.