Set yourself up for success
Everyday cashflow solutions to help grow your business
We know that cashflow fluctuations are a normal part of growing your business.
That’s why we’ve partnered with OnDeck to bring you MYOB Loans – Everyday cashflow solutions to help small businesses get ahead.
Funding in 1 Business Day
So you can get going immediately
A personal experience throughout your
Grow and Invest
Don’t miss out on another business
Flexible term loans
Ready to get started? Here's what you need to do
- Complete an easy 10-minute online application. All you need is your recent bank statements.
- Relax while our team quickly
asses the health of your business and discuss the
available to you.
- Get on with it, with funds in your account in as fast as 1 business day.
- OnDeck are Australian-based loan specialists
- $7+ billion in funding delivered to businesses globally^
- OnDeck has helped over a thousand businesses just like yours
"I would recommend MYOB Loans to other businesses and we will continue to use it in the future."
-Siobhan Belmore, Tree Access Owner
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 - $150,000 over 6-24
Working capital designed for inventory, marketing, equipment, cash
flow, or any other opportunity for your business to generate a
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.
All that’s required is a simple online application and 3 months of
bank statements – or you can apply over the phone.
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 firstname.lastname@example.org
^ Information refers to the operations of the OnDeck Group, including On Deck Capital, Inc. and its subsidiaries.
Loans are issued by OnDeck Capital Australia Pty Limited ABN 28
603 753 215 (OnDeck). MYOB holds a 30% stake in OnDeck and has a
referral agreement under which it earns a commission on loans
referred to OnDeck. For the latest version of the MYOB privacy
policy and for details on how to opt out of receiving promotional
MYOB, please visit myob.com.au/privacy.