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    OnDeck Business Loans

    Fast business term loans with same-day decisions and predictable payments.

    Founded 2006
    New York, NY
    501-1000
    www.ondeck.com
    Size:
    SMB & Mid-Market
    |
    Best For:
    Carrier
    Broker

    Platform Overview

    OnDeck provides business loans and lines of credit for small logistics companies, carriers, and brokers. Using automated underwriting with real-time business data analysis, approvals happen within hours with funding as fast as same-day. Term loans range from $5K to $250K and lines of credit up to $100K, with transparent pricing and no prepayment penalties. The platform connects to bank accounts and accounting software to streamline application and ongoing account management for busy logistics operators.

    Core Strengths
    • Fast 24-hour approval with same-day funding available
    • Flexible 3-36 month terms with no prepayment penalties
    • Simple 10-minute online application process
    Best Suited For
    • Small businesses needing fast working capital
    • Companies seeking short-term loans with flexible repayment
    • Established businesses with 1+ year history
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    Why Choose OnDeck Business Loans

    Fast business term loans with same-day decisions and predictable payments.

    Best For
    SMB & Mid-Market
    Carrier
    Broker

    OnDeck Business Loans Features (8)

    Term Loans - $5,000 to $250,000 with fixed rates
    Lines of Credit - Revolving credit up to $100,000
    Fast Approval - Decisions within 24 hours
    Quick Funding - Funds as fast as same day
    Flexible Terms - 3-36 month repayment options
    No Prepayment Penalty - Pay early without fees
    Simple Application - Online process in 10 minutes
    Dedicated Support - Account managers for larger loans

    OnDeck Business Loans Integrations (5)

    QuickBooks
    Business Banking
    ACH Networks
    Merchant Services
    SBA Lending

    Company Background

    Company Details
    Founded:2006
    Location:New York, NY
    Employees:501-1000
    Company History
    Founded 2007 OnDeck established as online small business lender
    December 2014 IPO on NYSE (ONDK)
    October 2020 Acquired by Enova International for $90M
    Funding History
    Public (formerly NYSE: ONDK)
    Acquired by Enova in 2020 for $90M
    Investors: Enova International

    Source: ondeck.com. Data verified December 2025.

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