Imagine what your business could do with $35,000

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 Australia.

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

Working capital designed for inventory, marketing, equipment, cash flow, or any other opportunity for your business to generate a positive return.

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 day. 

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.