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Unsecured Business Loans


OnDeck offers unsecured business loans. OnDeck doesn’t take security over your assets, however we do require a personal guarantee.

Many small business owners are interested in a short term loan for their business.

However, they may not have enough specific collateral, as required by a bank – such as real estate, inventory or other hard assets. Banks generally underwrite loans based on the value of specific assets. Moreover, the banks take liens on those specific assets, which allows them to significantly reduce the risk of lending.

This process can be difficult for business owners whose assets are not valued highly by a bank, or whose assets are difficult to value or sell.

Why are OnDeck loans different?

OnDeck makes loan approvals to small businesses based on business fundamentals like cash flow, not based on the value of business assets. The OnDeck Score® is OnDeck’s proprietary way of determining who it lends to. It focuses on the overall health of your business – the existence of specific hard assets doesn’t factor in our analysis of business health. 

When a small business takes a term loan from OnDeck, a general lien is placed on the business’s assets until the loan has been paid off. The business owner is also required to give a personal guarantee for the loan. However, there is no lien on the owner’s personal assets. Therefore, business owners don’t need a specific amount of real estate, inventory or other hard assets to be eligible for an OnDeck loan. Nor do they need to have their assets appraised or valued.

So, if you’re a small business owner that has a strong business, but you’re not sure about the value of your specific assets or collateral, consider applying for an OnDeck loan. OnDeck offers loans from $10,000 – $250,000.

The online application takes only 10 minutes and if approved, you could receive funding in as fast as one business day.

unsecured business loans

Loans up to $250k

Unsecured business loans from $10k-$250k, over 6-24 months.

fast business loans

Apply online in 10 minutes

The application is fast, easy and obligation free.

Receive funding fast

If you're approved for a loan, funds can be available in as fast as one business day.

Interested in financing your business?



If your business,

  • Has been in business for at least 1 year
  • Has a $100,000 minimum gross annual turnover
  • Is part of the 700 industries we serve,

you could be approved for a short term business loan in as fast as one business day!