Understanding the New Landscape of Business Lending

myobloans
coin-receive

MYOB Loans

Learn more about MYOB Loans Powered by OnDeck

Learn more
account-group-2

Partner Referral Program

Learn more about the OnDeck Partner Referral Program

Learn more
file-check

Know Your Score

Checking your business score is now easy - and free.

Get your score now

OnDeck has partnered with MYOB to help MYOB customers access financing solutions for their businesses.  OnDeck is a direct lender of business 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 Australia.

Checking a business credit score is easy. The business simply needs to visit OnDeck's free 'Know Your Score' tool. Press the "Get your score now" button and provide the necessary company details to receive the score right there and then. Businesses must apply for themselves - this cannot be done by an adviser. Visit myobloans.com/kys for more information.

A business credit score is a key indicator used by banks and lenders when assessing credit or loan applications – so knowing what it is will give your customers an indication of the health of their business, and help them make informed financial decisions.

Please visit ondeck.com.au/prp for more information about the program and the process - or call OnDeck directly at (02) 8310 6099.

OnDeck provides business loans from $10,000 - $150,000 over 6-24 months.

Loans designed for inventory, marketing, equipment, cash flow, or any other opportunity for your customer's business to generate a positive return.

Rates: You may find lower rates at a bank – if they approve you. But you will find OnDeck’s rates competitive, OnDeck’s funding fast and OnDeck’s service world class


Fees: There is no application fee. OnDeck charges a standard 2.5% origination fee for its lending.

OnDeck has provided MYOB with the criteria on which to base the pre-qualification. MYOB has not shared any of your customer's personal or business information with OnDeck.

All that’s required is a simple online application and 3 months of bank statements. Customers can apply over the phone as well.

Approval will be based on the health of the applicant's business cash-flow, as well as their business credit score.

Loans are repaid automatically through a fixed weekly or daily debit to the applicant's business account.

Once approved, they could receive funding as fast as the next business day.

MYOB has not shared any of your customer's personal or business information with OnDeck. OnDeck has provided MYOB with its lending criteria to enable MYOB to internally determine loan pre-qualifications.

*Loans are issued by On Deck Capital Australia Pty Ltd ABN 28 603 753 215 (OnDeck Australia). MYOB holds a 30% stake in OnDeck Australia and has a referral agreement under which it earns a commission on loans referred to OnDeck Australia. For the latest version of the MYOB privacy policy and for details on how to opt out of receiving promotional materials from MYOB, please visit myob.com.au/privacy.