Business financing in 3 easy steps
We know you’ve got better things to do than deal with the banks, so MYOB Loans powered by OnDeck has made business financing for our MYOB customers easy. With just a simple online application and no paperwork to complete, you could secure the funds you need in as little as 24 hours.
Simple online application with 3 months of business bank statements
From running your business to helping it grow, MYOB is a name you can trust
Great Aussie service
Your own dedicated Australian-based loan specialist
Flexible term loans
$10K - $250K
6 - 24 month terms
3 steps to your next loan
No paperwork, apply online in just 10 minutes
Know within hours if you're approved
Receive funds in as little as 24 hours
MYOB has partnered with OnDeck to give you access to a world class lending solution
At MYOB, we’re all about helping businesses succeed. We know
accessing finance to grow your business isn’t always easy, that’s
why we partnered with OnDeck to bring you MYOB Loans: to help small
businesses like yours get ahead.
- OnDeck are Australian based loan specialists
- $10 billion in funding delivered to businesses globally
- 96% of MYOB customers who used OnDeck recalled a great service^
3 Source NPS responses for MYOB Loans customers March 2019
"Great to work with. Fast and efficient. They take the time to understand your business"
Adrienne, MYOB customer April 2019
"The process was transparent, fair and easy"
Scott, MYOB customer Feb 2019
"In the long term I think MYOB and OnDeck will be the best partner to grow my business"
Arzal, MYOB customer Oct 2018
Frequently Asked Questions
OnDeck has partnered with MYOB to help MYOB customers access financing solutions for their businesses. OnDeck is a direct lender of business loans (also called “working capital” loans) to the small business market. OnDeck is not a “peer to peer” lender or crowd funder and does not lend to consumers.
OnDeck Capital Australia Pty Ltd (“OnDeck Australia”) is a subsidiary
of US-based On Deck Capital, Inc. MYOB holds a 30% stake in OnDeck
Australia and earns a commission on loans referred to OnDeck
OnDeck provides business loans from $10,000 - $250,000 over 6-24 months.
Business loans designed for inventory, marketing, equipment, cash
flow, or any other opportunity for your business to generate a
positive return. OnDeck doesn’t take security over your assets,
however they do require a personal guarantee.
Rates: OnDeck offers a range of interest rates, which are determined based on your business credit score. The interest rate for your loan could be commensurate with bank lending, or as high as a business credit card, depending on your credit rating. Fees: OnDeck charges a standard 2.5% origination fee for its lending. There is no application fee.
If you’ve been pre-qualified by MYOB, it was based on criteria that OnDeck has provided. MYOB has not shared any of your personal or business information with OnDeck.
It’s a simple 10 minute application. All you need are 3 months of
business bank statements. Or call us and we’ll help you over the phone
on 1800 817 596.
Approval will be based on the health of your business cash-flow, as
well as your business credit score
OnDeck offers loan terms of between six months and two years,
depending on your business needs and qualifications.
Loans are repaid automatically through a fixed weekly or daily debit
to your business account.
Once approved, you could receive funding as soon as the next business
MYOB has not shared any of your personal or business information with
OnDeck. OnDeck has provided MYOB with its lending criteria to enable
MYOB to internally determine your loan pre-qualification.
By submitting this form, you're consenting to receive communication from OnDeck to help your business including special offers and product tips. If you don’t want to receive any emails or telephone calls, you can unsubscribe by contacting OnDeck at email@example.com