Term Loan · Line Of Credit
OnDeck Review 2026
Funding: $5,000 – $250,000|Funds in 1-3 business days
OnDeck is one of the largest online small business lenders in the US, offering term loans and lines of credit. Known for a fast, fully online application process and same-day approval decisions.
What OnDeck Offers
OnDeck provides the following funding products for small and medium-sized businesses:
- Term Loan
- Line Of Credit
- Amount: $5,000 - $250,000
- APR Range: 29.9% - 97.3%
- Funding Time: 1-3 business days
OnDeck Requirements
- Credit Score: 625+ personal credit score
- Time in Business: At least 12 months
- Monthly Revenue: $8,333+ minimum
OnDeck Pros
- Fast approval
- Reports to business credit bureaus
- Strong track record
OnDeck Cons
- Requires 1+ year in business
- Higher APR than bank loans
- Origination fees apply
Who Should Use OnDeck?
- Businesses with credit scores of 625 or above
- Companies with at least $8,333 in monthly revenue
- Businesses operating for 12+ months
- Those looking for Term Loan or Line Of Credit
How to Apply
The application process is straightforward. You can apply directly through OnDeck or through Velica Capital to compare multiple offers at once with no impact to your credit score.
Ready to apply for funding with OnDeck?
Velica Capital works with OnDeck and other top lenders. Apply once to see what you qualify for with no hard credit check.
Quick Facts
Min Credit Score
625
Time in Business
12+ months
Min Revenue
$8,333/mo
Max Funding
$250,000
APR Range
29.9% - 97.3%
Time to Fund
1-3 business days
Products
- Term Loan
- Line Of Credit
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