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On Deck Hassle-Free Small Business Loans

Accessibility, affordable rates, and fast turnaround - On Deck is a smart option for a small business that needs capital to grow. When you compare the benefits of an On Deck loan to other financing options such as merchant cash advances, it's clear On Deck is the superior choice. 

Benefits of On Deck Small Business Loans

  • Typically up to 50% less expensive than a merchant cash advance 
  • Decisions in as fast as 1 business day, funding in as fast as 2 business days
  • Daily, fixed payment means no worrying about large end of month payments

On Deck Capital Small Business Loans vs Merchant Cash Advances

ondeck-logo-white CASH ADVANCES
A true business finance loan with a fixed interest rate and term Not considered a loan.
For a $20,000 business loan, On Deck may charge you $21,800 - $24,000 over 6 months for a daily payment ranging from $169 - $186 (typically 50% less expensive than a cash advance) For a $20,000 loan, cash advances will charge you $27,600 at a rate of 38 cents on the dollar (or even higher) over 6 months* for a daily payment of approximately $214
No need to change credit card processor Must change credit card processor
On Deck provides a fixed term loan collected through set daily payments using flexible payment methods. Cash advances intercept your credit card receivables at the merchant processor and take a fixed percentage of your daily credit card volume until the advance is paid off.
On Deck reports your payment history to the credit agencies There are no credit benefits to using a cash advance

* Source: Business Week - How Merchant Cash Advances Work - January 9, 2009

Get Started with On Deck - apply for financing in just 15 minutes!

On Deck Short Term Business Loan or an SBA Loan

SBA Loan

The Small Business Association (SBA) loan is ideally suited for small business owners with strong personal credit histories and well-organized financial and business planning systems. SBA loans are really bank loans, submitted to the SBA for guaranteed payment, allowing the bank to lend with reduced risk.

On Deck Small Business Loan

On Deck knows the true health of your business is not based on just a credit score. That's why our technology focuses on the cash flow of your business instead of just credit scores. This means we can approve many businesses that may have been denied by their bank. 

Feature SBA Loan On Deck Business Finance Loan
Customer Target: Business owners with:
  • Strong personal credit
  • Excellent strategic and financial planning reporting/systems
  • Limited time-sensitive funding needs
 Business owners with:
  • Strong company cash flow, despite their personal credit record
  • Need for quick access to capital
Documentation Required:
  1. Multi-page loan application
  2. Previous 3 years of income statements and business balance sheets
  3. 2-year projected balance sheets and income statements
  4. 12 months of projected cash flow statements
  5. Previous 3 years of personal and business tax returns
  6. Business plan
  7. Accounts receivable aging report
  1. One-page loan application
  2. Previous 3 months of bank statements
  3. Previous 3 months of credit card statements
     
Average Application Time 2-3 months Decisions in as fast as 1 business day; funding in as fast as 2 business days
Average Term 60 months 12 months
Payment Structure Monthly and manual Daily and automated

Enroll with On Deck  & see the lending options available to your business.  Free & No obligation, takes just 5 minutes!