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Cut off from capital – only one in four small businesses have no problem accessing capital

by OnDeck Australia,   Dec 18, 2023

Research by OnDeck Australia confirms 74% of small businesses can face an uphill battle raising capital, making it difficult for a venture to achieve its full potential. 


  • One in four (25%) small businesses in Australia report having no issues accessing capital. 
  • The vast majority – three out of four small businesses – face hurdles when it comes to raising capital. 
  • Among small businesses facing cashflow challenges, 65% say fast loan approvals would support improved cashflow. 
  • OnDeck’s unsecured Lightning Loans® can help small businesses access the cashflow and funding needed to achieve their full potential. 


Sydney (19 December): Research by leading small business lender OnDeck Australia confirms that when it comes to raising capital, Australian businesses do not face a level playing field. 


OnDeck’s survey of 500 small businesses nationally found just one in four (25.4%) say they have no difficulty accessing capital.  


The majority (74.6%) of small businesses face varying levels of difficulty accessing capital. 


Mr Cameron Poolman, CEO of OnDeck Australia, said “Capital is the life blood of an enterprise, and an inability to access capital on commercial terms can have a long-ranging impact on small businesses. 


“We know from previous OnDeck research that when small businesses find it hard to access funding through traditional channels, many will go cap in hand to friends and family.  


“This brings a raft of risks. A small business owner may lose a valuable personal relationship. Worst case scenario, disagreements over money can escalate to the point where the parties become embroiled in costly legal action.” 


Fast loan approvals support improved cashflow 

An injection of funds can help businesses meet growth targets while also meeting cashflow challenges.  


One in three small businesses surveyed by OnDeck report facing cashflow challenges, with 65% saying fast loan approvals would support improved cashflow. 


OnDeck’s unsecured Lightning Loans®, which are available for up to $175,000, can offer a fast, efficient source of funding for small businesses. Loan applications involve a simple online application form and just six months of business bank statements. From there, funds are available to approved applicants in as fast as two hours. 


“Unlike borrowing from friends or family, OnDeck’s Lightning Loans® give business owners a clear upfront picture on how much their loan will cost. This allows business owners to make an informed judgement on the likely return on the items being funded – be it purchasing stock, upgrading equipment or managing cashflow,” said Mr Poolman. 


“It is important for small businesses to know that they are not alone. Lenders such as OnDeck are here to support the small business community with fast and efficient funding. It can be the funding boost that helps a small enterprise grow, expand and reach its full potential,” concluded Mr Poolman. 

About OnDeck  


OnDeck Australia is the proven leader in transparent and responsible online lending to small business. Since launching in Australia in 2015, OnDeck Australia’s focus has always been on supporting small businesses with access to fast, efficient unsecured finance. 


Today, OnDeck Australia offers a wide range of term loans customised for small business owners’ needs. OnDeck Australia is focused on taking the friction out of business lending offering unsecured business loans from $10,000 – $250,000 across 6 – 24-month terms. We’ve helped thousands of small businesses across a range of industries access funding quickly and easily, while maintaining a 5-star TrustPilot rating.  


In 2021, OnDeck Australia launched The KOALA Score risk-prediction model that draws on big data, predictive analytics, plus data from multiple credit reporting agencies to enable more Australian small businesses to be approved for a commercial loan. 


In 2021, OnDeck Australia also launched Lightning Loans®, which enables the decisioning of loans up to $175,000 in as fast as 30 minutes, and funding in as fast as two hours. For more information, visit 


Important things to know 


*Loan amounts and loan terms are for illustrative purposes only, which the lender may adjust in its sole discretion without notice. Eligibility and approval are subject to a standard credit assessment and the applicants’ business circumstances which may include information such as industry, time in business, estimated revenue, and other data. Not all loan amounts, term lengths or rates will be available to all applicants. Loans are subject to lender approval. Fees, terms, and conditions apply. The timeframe required to process and fund loan applications may vary for each individual application. Factors such as the completeness and accuracy of application materials, verification processes, and external circumstances can influence the processing & funding timelines. Visit for full terms and conditions. 


About the Research 


The independent research was conducted online in October 2023 by Octopus Group across more than 500 small business owners Australia-wide.  

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