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How to apply for the OnDeck Business Loans?

Learn how the OnDeck Business Loans application works so you can borrow a good amount of money with flexible terms to help your small business finally grow.

OnDeck Business Loans application: simple eligibility requirements and fast funding

Learn how to apply for OnDeck Business Loans. Source: The Mister Finance.
Learn how to apply for OnDeck Business Loans. Source: The Mister Finance.

OnDeck Business Loans offers different loan types for various purposes. It focuses on small businesses that need cash flow or investments to grow and expand.

Also, the amounts range from $5,000 to $250,000 with flexible terms and simple application conditions. 

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Loans

OnDeck

accessible easy to apply

OnDeck Loans help small businesses with cash flow and investments. Learn how to apply

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The application is easy and can be done in three simple steps, as described below. Furthermore, OnDeck considers less-than-perfect credit scores.

Learn how fast it is to apply for a loan!

Online Application Process

The application process for OnDeck Business Loans is simple. Source: Adobe Stock.
The application process for OnDeck Business Loans is simple. Source: Adobe Stock.

OnDeck offers a line of credit, a term loan, and an SBA PPP loan. 

It is essential to mention that you must follow some simple eligibility requirements, including at least one year of time in business, a minimum of 600 as a personal FICO Score, at least $100,000 as business annual gross revenue, and a business checking account.

Then, applying for a loan is easy and fast. 

All you need to do is complete the application online or over the phone and receive a dedicated loan advisor that will review your options.

Finally, you can receive your funds as soon as the same day, depending on eligible criteria.

Application Process using the app

Unfortunately, there is no mobile app available at this time.

OnDeck Business Loans vs. Quick Cash Capital

OnDeck Business Loans provides simple and flexible loan solutions for small businesses, whether they need cash flow or investments to grow.

On the other hand, in case you need an alternative, Quick Cash Capital might be worth considering.

Besides the good loan amounts offered, the company considers all credit scores in the application.

Check out the comparison!

OnDeck Business LoansQuick Cash Capital
APRStarts at 29.90%Not disclosed
Loan PurposeBusinesses that need capitalSmall business finance and merchant cash advance
Loan AmountsFrom $5,000 to $250,000From $20,000 to $500,000
Credit Needed600 (fair)All credit score considered
TermsUp to 24 monthsUp to 36 months
Origination FeeFrom 0% to 4% on the total loan amountNot disclosed
Late FeeIt may apply depending on the conditions and terms settledNot disclosed
Early Payoff PenaltyNoneNot disclosed

If you are interested in learning about how to apply for a loan through Quick Cash Capital, check out our next post!

quick cash capital

How to apply for the Quick Cash Capital review?

Quick Cash Capital offers working capital solutions for small businesses. Read the full review!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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