When opportunity knocks
You have an opportunity to buy $30,000 worth of inventory for $20,000 if you buy in the next 3 days. A $20,000 OnDeck loan paid back over 6 months gets you money the next day, netting you a saving of $7,000. $10k Opportunity
$10,000 inventory discount
– $3k Cost
Loan cost: $3,000
$7,000 Business Savings
When you need to expand
Using a $50,000 OnDeck loan with a 12-month term, you can expand your business and net an additional $30,000 this year. After paying off the cost of the loan at $7,500, you gain a profit of $22,500.
$30k Opportunity
$30,000 annual profit from expansion
– $7.5k Cost
Loan cost: $7,500
$22,500 Year 1 Net Profit
Proudly compliant with the AFIA Code of Lending Practice
Proudly compliant with the AFIA Code of Lending Practice
An affiliate member of:
On panel with:
Fintech Lender of the Year Winner:
