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Unsecured Business Loans from $10,000 to $250,000

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To help you get the funds your business needs, at lightning speeds.

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Unsecured business loans

Business loans can either be secured or unsecured. A secured loan is a loan that is guaranteed by an asset, such as a property or a car. On the other hand, unsecured loans allow you to borrow money for your business without the need for collateral. Business owners can take advantage of unsecured loans when they are unable to obtain a secure loan.

At OnDeck, we don't require asset security on any of our loans from $10,000 to $250,000, which means our loans are completely unsecured, always.

Other online lenders say that like us, they do not require security on their loans. However, we are aware there are clauses in some contracts whereby if you miss even one payment on your loan, they can trigger asset security over your loan. At OnDeck, we don't require asset security on any of our loans under any circumstances, period.

OnDeck's Lightning Loans®

Fast-tracking your business loan!

Lightning Loans, our fast-track lending process, is available with faster decisions allowing you to access up to $150,000 in as fast as 2 hours. You could have a decision in 30 minutes on a loan up to $150K, completely unsecured. Larger and more complex loans up to $250K can be completed in as fast as 1 business day. All loans offer flexible terms between 6-24 months with weekly repayment options.

Tracy Hairdresser QLD

Purpose of funds:

Purchase new stock

Loan Amount:

$30,000 over 24 months

Decision time:

30 minutes

Invest in your business today

Every business owner knows you need to spend money to make money. To fuel business growth and increase your profits, you need to invest in the things that make you money - facilities, staff, equipment, vehicles, and more.

Small business loans are an excellent way to get the funding you need to make strategic investments that end up paying for themselves. Accessing smaller loan amounts can even help if you just need to support your business cash flow during a downturn.

You could use one of OnDeck's unsecured small business loans to finance:

Renovations to your business

Expanding your premises

Buying or upgrading equipment

Sourcing company vehicles

Hiring or training staff

Marketing campaigns and advertisements

Creating or overhauling your website

We could help you finance pretty much any business expense with a lump sum of $10,000 up to $250,000. Apply for an unsecured business loan today and see what's possible for your business.

Read the articles on our small business blog to learn more about small business loans and plenty of other topics like improving customer service, using business credit cards, and more.

Why OnDeck?


Always Unsecured

Unlike many of our competitors, no security is required on any loan, we'll only ask you for a director's guarantee.


Solution Driven

Lightning loans can provide SMEs with a decision and funding in as fast as 30 minutes.



Exceptional Service: world-class service continuously tracked & monitored through NPS, Trustpilot & Google reviews

Our unsecured business loans give you an easy way to scale your business and increase your profits without using any of your assets, like residential property or a car, as collateral. Use the form above or click the link below to get started.

How much can I borrow with an OnDeck 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. OnDeck doesn't take security over your assets, however we do require a personal guarantee

Eligibility criteria for an OnDeck loan


$100,000 gross annual turnover


1 year in business


(prior or recent)


Minimum 400
business credit score required


Minimum 3 monthly deposits

How It Works

So, you have decided that a small business loan is the right choice for you and your business - but what next? Follow our step by step guide:

Step 1. Small Business Loan Application

You will first need to fill out a small business loans application. The application should take no longer than 10 minutes and is in four parts: Create a login, About Your Business, About You, and Bank Statements. To streamline your application process, make sure to have your required documentation on hand and ready to submit. You will need your personal bank statements, business financial statements, and identity documents (Drivers Licence or Passport). You may also need to provide details of your personal financial circumstances, i.e. assets, debts, income, 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 score and application. Approval can be as fast as 30 minutes and funded in as fast as 2 hours!


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. OnDeck offers flexible repayment options with a weekly automatic payment. Your repayment amount depends on your agreed loan amount and loan term.

Do more with unsecured business loans

If you're looking for a fast, unsecured business loan, we at OnDeck can help with that. No matter what aspect of your business needs funding, we could provide you with an unsecured business loan between $10,000 and $250,000.

Always Unsecured - On any loan size

Funding in as fast as 2 hours for loans up to $150,000 and 1 business day for loans between $150,000 and $250,000

Weekly loan repayments

Easy 10 minute online application process

Minimal 3% loan setup fee

Choose between 6-24 month repayment terms

Loyalty discounts on loan renewals

Benefits of Non-Bank Lenders

Non-bank lenders are institutions that are not a bank, credit union or building society. Non-bank lenders offer loans to consumers, with each institution varying in rates and features. There are some benefits of obtaining an unsecured business loan with a non-bank lender rather than a bank:

Rates and Fees

Because non-bank lenders are privately owned institutions, they are able alter their rates and fees to stay competitive against banks and other non-bank lenders.

Easier and Faster Application

Banks require a more extensive set of financial documents to be submitted with loan applications whereas non-bank lenders will not. This means that unsecured business loan applications with non-bank lenders are streamlined and you can receive funding faster.

More Flexible Criteria

Non-bank lenders will generally have more flexible criteria when it comes to requirements for unsecured business loan applications. This can include requirements such as time in business, minimum business revenue and minimum business credit score. Customer service and customer support can also be an advantage of non-bank lenders.

Unsecured business loans frequently asked questions