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Our Short Term Business Loans - There's Simply No Comparison

Accessibility, affordable rates, and fast turnaround - On Deck is a smart business finance option for a small business that needs capital to grow. When you compare the benefits of On Deck Capital business finance options to other loan options such as merchant cash advances, there is simply no comparison.

On Deck’s Short Term Business Loan Benefits

• Affordable for small business finance cash flow
• Best aligned with revenue generated from the business finance loan
• Typically up to 50% lower than a merchant cash advance loan
• Quick decision and cash in hand as fast as 7 business days
• Daily, predictable payment avoids one lump sum payment

On Deck Capital Business Finance Loans vs Merchant Cash Advances

	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% cheaper 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 or accepts credit cards	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

 

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

An On Deck Capital business finance loan is designed for small businesses with strong company cash flow, less-than-perfect credit scores and time-sensitive funding needs.

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:	Multi-page loan application Previous 3 years of income statements and business balance sheets 2-year projected balance sheets and income statements 12 months of projected cash flow statements Previous 3 years of personal and business tax returns Business plan Accounts receivable aging report	One-page loan application Previous 3 months of bank statements Previous 3 months of credit card statements
Collateral Required?	Yes (typically 10%)	No
Average Application Time	2-3 months	Decisions within 2 business days; funding within 7 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!