Ondeck Reviews, Ratings, Pricing and Frequently Asked Questions

Read about Ondeck Capital and find out what other business owners are saying. Includes ratings, customer reviews and FAQs.

5 min read • Last updated on December 13th, 2018

Ondeck is a capital company that specializes in loans for small businesses. Ondeck offers term loans of up to $500,000 and lines of credit of up to $100,000.

Also Consider

Small Business Loans

Low interest rates whether for loans from $6,000 or $250,000.

Apply Now

Prime Business Loans

SBA Loans

Working Capital

Ondeck Rates and Fees:

Loan Type

Interest Rate

Additional Fees

Term Loan

9.99% and up.

2.5%-4% processing fee.

Line of Credit

13.99% and up.

$20 /mo. maintenance fee.

Ondeck
Ondeck Summary:

Pros: Qualifying for a small business loan with Ondeck is fast and easy.

Cons: Rates may be high, particularly if you don't have an excellent credit score.

Bottomline: Borrowers trust Ondeck because they make the loan application process simple and efficient so that owners can add new capital to their businesses as soon as possible.

Ondeck FAQs:

What is the price range for Ondeck capital?

Ondeck term loans range anywhere from 2.5% to 5% for the one-time processing fee. For lines of credit, there is a $20 per month management fee.

How are Ondeck loans different from bank loans?

On deck loans are designed for small businesses that need a financial boost in order to keep growing. Unlike bank loans with their high fees and rigid requirements, On deck capital can be tailored to your situation and it's affordable for everyone.

Kabbage Vs Ondeck
Kabbage vs. Ondeck

Kabbage and Ondeck are both popular lenders, but Ondeck is able to offer lower rates and connect clients with larger amounts of capital for their business.

Is Ondeck a publicly traded company?

Yes. You can purchase Ondeck stock using the ticker symbol ONDK.

How does Ondeck rank among other small business loan companies?

Multiple consumer rankings put Ondeck among the top 10 small business loan companies in the USA and suggest that On deck financing is one of the best alternatives to traditional bank loans.

When my business gets a loan from Ondeck, will we get an online account?

Once you've been approved for any On deck business loans, you will be able to set up your Ondeck login where you can view all of your account information. Your On deck login is a secure area that can be accessed through ondeck.com.

Does Ondeck offer business loans near me?

Ondeck is headquarted in New York, but they offer business loans throughout the US and Canada. Ondeck does not have retail locations like a bank - you simply apply online and a loan officer will speak with you over the phone.

Are there any Ondeck alternatives?

OnDeck News & Activity:

Date

News or Activity

December 12, 2018

Taking a Look Under the Hood at OnDeck Capital Inc. (ONDK) Shares

December 11, 2018

OnDeck Selects Digital Matrix Systems Data Access Point

November 21, 2018

OnDeck Appoints Chandra Dahandapani and Manolo Sanchez As New Board of Directors Members

October 22, 2018

PNC Partners with OnDeck for Online Small Business Lending

Ondeck Key Information:

Founder

Mitch Jacobs

Founded

2006

Headquarters

New York City, NY

CEO

Noah Breslow

Number of Employees

500+

Phone Number

(888) 269-4246

Address

1400 Broadway Ave., New York, NY, 10018

Website

www.ondeck.com

Ondeck Reviews:

Source

Review

Jeff

We turned to OnDeck when we couldn't get any kind of loan for our new (18 months in operation) business. Their qualification requirements are much easier than traditional lenders.

D.S.

We have had several loans with these guys and every transaction has been seamless and professional!