Green Arrow Capital

A fast, flexible form of business funding.

Lines of credit can provide money now — and in the future.

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Revolving

lines of credit from $6K – $100K

Flexible

repayment terms of 12, 18 or 24 months

Customizable

weekly or monthly payments

Fuel your business with an OnDeck Line of Credit.

Running a business takes money. Whether it’s covering expenses or investing in a big purchase, funding is key — both now and down the road.

That’s where a business line of credit comes in handy.

With a line of credit, you can get approved for ongoing access to credit. You can draw funds as needed to use as cash. And as you repay what you’ve borrowed, you replenish your available credit. This allows you to keep funds at your fingertips — without the need to reapply.

Benefits of an OnDeck Line of Credit.

Only pay for what you borrow

Withdraw what you need, when you need it.◊ You’ll only be charged interest on the funds you draw.

Instant funding

Receive your money within seconds when you make a withdrawal — 24/7, even on nights and weekends.*

Build business credit history

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

Funding that moves at your speed.

Complete the application.

Our streamlined process is designed to be completed in just minutes.

Get a decision.

Work with an expert loan advisor to choose the best option for you.

Receive your funds.

Sign your contract and get funds as soon as the same day.†

Are we a match? Check our business line of credit requirements.**

1 Year

in business

625

personal FICO® score

$100K

business annual revenue

Business

checking account

FAQs: OnDeck Business Line of Credit.

With an OnDeck Line of Credit, draws are consolidated into one loan with one easy weekly or monthly payment. As you pay back your principal, you replenish available funds. Our line of credit comes with no draw fees. Adjust the payment amount and term to ensure a comfortable weekly or monthly payment.

Instant Funding is a fast and easy way for small business owners to access working capital to run their business. OnDeck is one of the only lenders to offer business lines of credit with instant access to your funds. Draw from your line of credit when you need it and see the funds in your account in seconds, 24/7, even when the banks are closed.*

There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history, you may be eligible for a credit line increase. All you need to do is call your dedicated loan advisor to learn more.

  • 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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