OnDeck

Avg. Rating: 5.0 (7 reviews)

Created to support and empower small businesses, OnDeck is 100% committed to serving our customers with the smartest financing solutions and world-class service. OnDeck is the secure financing service that business owners everywhere can truly rely on.

OnDeck offers flexible terms and rates based on your business’ performance and offers a quick response to loan applications. If approved, it is possible to be funded in as fast as one business day.

 

Read our In-Depth OnDeck Review here. 

 

OnDeck is a member of the Canadian Lenders Association:

 

  • TIME IN BUSINESS: Since 2014 in Canada
  • # OF CUSTOMERS: Over 100,000 Globally
  • TOTAL FUNDED: Over $12B USD Globally
  • LOANS OFFERED: Business Term Loan, Merchant Cash Advance, Line of Credit
Apply for Business Financing from OnDeck

1-855-626-6912

info@ondeck.ca 1100 Rene-Levesque #1825 Montreal, Quebec
Call Center: Monday to Friday: 9AM-9PM EST
Support Offered:
  • Web Chat
  • Help Center/Blog
  • Email Support
Availability: All of Canada

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Starting at 8% Amount $5,000-$300,000 Term Fixed, 6-18 months

Eligibility & Documents

Who is eligible

  • At least 12 months in business
  • Annual revenue of at least $120,000
  • Credit score of at least 600

What you need to provide

  • Online application
  • 3 months of business bank statements
  • Deals over $100,000 require most recent accountant prepared financials

Repayment & Issuance

How fast can you get the money As little as 24 hours Funding method Direct Deposit

How does repayment work Fixed daily repayments from bank account

Conditions & Rates

Interest rate Not applicable Amount $5,000-$300,000 Term Flexible

Eligibility & Documents

Who is eligible

  • At least 6 months in business
  • Annual revenue of at least $100,000
  • Credit score of at least 600

What you need to provide

  • Online application
  • 3 months of business bank statements
  • Deals over $100,000 require most recent accountant prepared financials

Repayment & Issuance

How fast can you get the money As little as 24 hours Funding method Direct Deposit

How does repayment work Flexible daily repayments based on a percentage of processing sales

Conditions & Rates

Interest rate Starting at 13.99% Amount $6,000-$50,000 Term 6-24 months

Eligibility & Documents

Who is eligible

  • At least 12 months in business
  • Credit score of at least 600
  • Annual revenue of $120,000 or more in last 12 months

What you need to provide

  • Government issued identification
  • Business banking statements

Repayment & Issuance

How fast can you get the money As little as 24 hours Funding method Direct Deposit How does repayment work Daily or weekly repayments

Articles About OnDeck

By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

By Smarter Loans

Smarter Loans is Canada's online loan directory for any type of financing. The website helps Canadians find reputable lenders & financial companies all over Canada and compare their products, rates, and terms in one place.

By Mashoka Maimona

Mashoka is a journalist for the London Press and the National Post, currently specializing in finance, business and technology.

Articles by OnDeck

By Ty Kiisel

There are more small business loan options available today than ever before, but finding the right loan for your business may require a little digging. Fortunately, there are plenty of great options available – you just have to know where to look.

OnDeck Reviews

Avg. Rating: 5.0 (7 reviews)
Reliable, fair and convenient

Fair rates. Fast Deposits. Easy to use. Good customer service. A great way to have automatic deposit from customers that write your business cheques.

Julia
Amazing

It was so simple to apply,got approved immediately.

Jack
Absolutely awesome Team #1

Very professional, amazingly quick response time.Fabulous teamwork and follow up.We have been in business for 40 years and On Deck is by far the most reliablefinancial team I ever dealt with.Thumbs Up

Oza
Very happy

Honestly, I hate submitting sensitive information online, but after speaking to On-Deck, I felt assured that it was 100% secured and private. They walked me through the application process and I got approved within a few days.

Robert G.
Lending made clear

When considering a business loan there are many important aspects that must be weighed. Anthony always provides clear answers to remove any ambiguity or concern over information. His approach is reflective of the entire OnDeck environment: simple, informative, and friendly.

Gofers LLC
Efficient

I reached out to this company for an inquiry, they were quick, answered all my questions and within 24 hours the loan proceeds were deposited in my business bank account. I am extremely pleased with the services and response time. (via Trustpilot)

Sandy
Small business loan

I recently got approved for a business loan from OnDeck. The application process was smooth and simple. Got funded within a few days.

Waseem

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