Green Arrow Capital

Why OnDeck?

Your business is our business.

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10-Minute

application process and fast funding

$15 Billion

delivered to U.S. businesses

A+ Rating

with the Better Business Bureau

We're here to help you succeed on your own terms.

Simple Process

Getting funds through OnDeck is fast and simple. Our application takes as little as 10 minutes and you can receive a decision and your funds the same day.†

Tailored Options

We offer a business term loan and a business line of credit to help meet your unique funding needs, and can tailor your repayment terms to fit your business.

Digital Security

OnDeck is fully dedicated to protecting the safety and security of our customers and their data. Visit our security center to see how we keep your information safe.

Real People

As an OnDeck customer, you’ll get a dedicated U.S.-based loan advisor (available five days a week) to help you through the entire process.

Transparent Pricing

Make informed decisions with our OnDeck Loan Comparison Tool. It gives you a comprehensive breakdown of your cost of capital — including all the key terms you need to evaluate potential loan offers.

Loyalty Perks

If you renew, we’ll waive all remaining interest on your original term loan.

The credit your business deserves.

No hard credit pulls

Check your eligibility without affecting your credit score.

Fast funding

Lines of credit can fund instantly.* Term loans can fund the same day.†

Build business credit history

We report to business credit bureaus, which helps build business credit history with on-time payments.

We’re a top-rated online small business lender.

OnDeck is part of the publicly traded company Enova International, Inc. (NYSE:ENVA). We’ve delivered over $15 billion in small business loans across the U.S.

  • Same-Day Funding is only available in certain states, for term loans up to $100K. Eligibility window is Monday – Friday before 10:30 a.m. ET. If checkout is done before 10:30 a.m. ET, funds will be available by 5 p.m. local time the same day. If checkout is done after 10:30 a.m. ET, or on a weekend or bank holiday, it will not qualify for Same-Day Funding and funds will be deposited within 2 – 3 business days.
  • Instant Funding requires registration and is subject to the Instant Funding Terms & Conditions. Instant Funding is limited to open lines of credit for draws between $1,000 – $10,000, and you can only make one draw request per day. Not all banks or debit card providers participate, and you must register a business debit card matching the information associated with your OnDeck account. Transfers are typically completed within 30 minutes, but may be subject to additional restrictions or delays.
  • There are some industries we cannot serve (see list of restricted industries). In addition, OnDeck does not lend to businesses in North Dakota. Other underwriting requirements may apply.
  • When you prepay your term loan in full, we will apply a discount on remaining unpaid interest based on the Prepayment Interest Reduction Percentage stated in your loan agreement.
  • Eligibility for the lowest rates is very limited, available only to businesses with the strongest creditworthiness and cash flows, and typically businesses that have shown an excellent payment history on prior loan products with OnDeck. The average rate for term loans is 56.1% APR and the average rate for lines of credit is 55.9% APR. Averages are based on loans originated in the half-year ending March 31, 2024.
  • Depending on your state and other circumstances of your application, you may be required to make a minimum draw of $1,000 at origination.

Depending on the state where your business is located and other attributes of your business and the loan, your business loan may be issued by a member of the OnDeck family of companies or by Celtic Bank. Your loan agreement will identify the lender prior to your signing. Loans subject to lender approval.

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