CA
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
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.
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
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.
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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 Loans | Quick Cash Capital | |
APR | Starts at 29.90% | Not disclosed |
Loan Purpose | Businesses that need capital | Small business finance and merchant cash advance |
Loan Amounts | From $5,000 to $250,000 | From $20,000 to $500,000 |
Credit Needed | 600 (fair) | All credit score considered |
Terms | Up to 24 months | Up to 36 months |
Origination Fee | From 0% to 4% on the total loan amount | Not disclosed |
Late Fee | It may apply depending on the conditions and terms settled | Not disclosed |
Early Payoff Penalty | None | Not disclosed |
If you are interested in learning about how to apply for a loan through Quick Cash Capital, check out our next post!
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
Reviewed by / Aline Barbosa
Senior Editor
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