Avoid jumping through hoops

MYOB OnDeck Logos

Arzal chose fast and flexible over jumping through hoops
to get the finance he needed to grow his business

Check out his story here:

ondeck
OnDeck are Australia-based loan specialists
 
$8+ billion in funding delivered to businesses globally
 
OnDeck has helped over a thousand businesses just like yours

We know that cashflow can be tough for small businesses. That’s why we have partnered we with OnDeck to bring you MYOB Loans.

3 Steps to your next loan

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Apply online

A fast and easy 10 minute online application

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Quick decisions

Funding based on the health of your business

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Get funded

Receive funding in as fast as 24 hours

Frequently Asked Questions

1. Who is OnDeck?

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.

2. What’s MYOB’s relationship with OnDeck?

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.

3. How much can I get?

OnDeck provides business loans from $10,000 - $250,000 over 6-24 months.

4. What type of loans are on offer?

Unsecured 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.

5. What are the rates and fees?

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

6. How did my business get pre-qualified?

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.

7. What documents are required to apply?

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.

8. How will approval decisions be made?

Approval will be based on the health of your business cash-flow, as well as your business credit score 

9. What loan terms are available?

OnDeck offers loan terms of between six months and two years, depending on your business needs and qualifications.

10. How do I repay my loan?

Loans are repaid automatically through a fixed weekly or daily debit to your business account. 

11. How soon can I get my loan?

Once approved, you could receive funding as soon as the next business day. 

12. Have you shared my information with OnDeck?

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.

Loans are issued by On Deck Capital Australia Pty Ltd ABN 28 603 753 215. Loans subject to lender approval.

*Information refers to the operations of the OnDeck Group, including On Deck Capital, Inc. and its subsidiaries. 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.