Rating based on 31 reviews

On Deck

  • Business loans up to $250,000
  • Low-interest up to 2.5 %
  • Repayment up to 24 months

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Author On Deck. Screenshot of On Deck website.
[Accessed May 2, 2023]

On Deck - Flexible business loans

When they started their operation in 2007, they had no idea how far they would come. To date, they have loaned $8 billion to businesses that have shown the enthusiastic potential of being different.

They have maintained one characteristic – consistency and quick and affordable online loans. They have never changed towards their employees or towards their clients. They have remained a priority just like they used to be in 2007.

Flexible terms and rates

On Deck have flexible payment terms that are easy for businesses that are in the startup phase. Having a payment plan that is not limited to one option makes things much better for you as a business owner.

The best customer experiences

They are nothing without you and seeing that you are the reason why they are in business, they offer the best customer service. They want you to know that you have a financial provider you can rely on, on them. They never want you to look for other financial assistance and that is why they go out of their way to ensure that you are always happy with their business finance services.

Privacy and data security

They know how private and confidential some of the information you furnish them with is. Therefore, they protect your information and never give your details to anyone. Clients can rest assured that their details are safe and secure with them.

Loans between $10,000 and $250,000

Clients are required to fill in the online loan application form.

The application is easy to understand and doesn’t take more than 10 minutes to complete. Here, you will be asked for personal details such as your credentials, where you live and details about your business.

Business loan assessment and approval

After the first step is underway, you need to submit your supporting documents. This is just a verification process as we need to check if everything is in order.

Money available on the same day

After they have checked everything and are satisfied, the money will be deposited in your bank account on the same day for your perusal.

How much can you apply for?

They have business loans of a minimum of $10 000 to a maximum of $250 000. Depending on your business and the profits you make, the loan amount will vary according to your affordability.

How long can you borrow the business loan?

The business loan can be borrowed for a period of 6 – 24 months and you can decide to pay the advance at suitable terms. There is no need to rush and pay for everything all in one go.

On Deck – Business loan

  • Loan Type Business loans
  • Interest Rate 2.5 %
  • Loan Amount up to $250,000
  • Repayment 6 months to 24 months

Benefits of On Deck

  • Applications won't impact your credit score
  • Get an obligation-free quote
  • Flexible business loans
  • Affordable loan options

Business loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

On Deck - Experts in loans

Does your business qualify for a business loan at On Deck?

  • Be in existence for more than 1 year
  • Receive more than $100 000 on an annual basis

If your business doesn’t mean the above requirements, they will not be able to accept your loan application.

Knowing your credit score

When you know your credit score, you will know what you need to look out for. Essentially, as any business owner should, you need to protect your spending allowances. The last thing you need is to be reckless with your finances because this will not make you seem like a reliable payer.

Protect your credit score because that is how most lenders determine your financial capability. If you have a low credit score, getting business and even personal loans will prove to be a difficult task. Never leave your business in a bad situation. Always ensure that it is in a position of safety and control.

Accessing your online profile

Clients can access their profile whenever they see a need and change whatever needs to be changed. They can also check to see if they qualify for another business loan.

Technology has made things so much easier for their customers. Everything is available at the touch of a hand. On the other hand, if there is an issue you want to be sorted out over the phone, you can contact their customer care line every day from 9 am – 6 pm and a consultant will be ready to assist you.

Can you pay your business loan earlier?

Of course, you can, you will not incur any penalties and this will be proof to them that you want to do away with your debt. They appreciate quicker rather than later payers.

What if you have difficulty paying back your loan?

Should you encounter problems paying back the business loan, please inform them as soon as possible so they can see what they can do. It is not advised to wait until the last minute before you tell them. The client will still be liable for penalties in the event of his paying the loan later than usual.

Highly skilled specialists ready to help you

Their team of experts pride themselves in being hands-on and ensuring that all your needs are catered for. They will answer all your queries and you will never feel like you are alone during a financial challenge because they will always be at your service.

Customer Reviews & Testimonials

Excellent choice for short term business loans. They provide excellent customer service combined with affordable rates and fees.

Hailey E
— Perth —

A very trustworthy and transparent lender organisation to do business with. I am very happy with the service I have received from On Deck.

Marcel D
— Adelaide —

A lovely variety of business loan options and terms available, I was easily able to find the right fit for my needs. Not to mention the fabulous customer service.

Karina A
— Sydney —

On Deck Contact

Physical Address

Opening Hours

  • Monday 09:00 – 18:00
  • Tuesday 09:00 – 18:00
  • Wednesday 09:00 – 18:00
  • Thursday 09:00 – 18:00
  • Friday 09:00 – 18:00
  • Saturday Closed –
  • Sunday Closed –