Are you looking for franchise funding solutions?

Fast and easy loans to help your franchisees succeed

Maintaining cash flow often isn’t easy for franchisees. Applying for loans from the big banks can be a time-consuming, paperwork heavy process with low success rates. 


That's why the FCA and OnDeck have joined together with the offering MYOB Loans Powered by OnDeck - to offer a quick and easy solution that goes beyond equipment financing to renovation, relocation and working capital needs.

myob loans
franchise council of australia

Flexible term loans  •  $10K to $250K  •  6 to 24 month terms

Three easy steps to getting a loan

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Apply online

A fast and easy 10 minute online application and 3 months of business bank statements

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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

ondeck loans
 
  • OnDeck are Australian-based loan specialists
  • $8+ billion in funding delivered to businesses globally*
  • OnDeck has helped over a thousand businesses just like yours
  • 96% of MYOB clients who used OnDeck recalled a great service
"I would recommend MYOB Loans to other businesses and we will continue to use it in the future."
Siobhan Belmore Tree Access Owner

Are you a franchisee looking for funding?

Want to renovate your business?  Update your equipment?  Hire new staff?

MYOB Loans can help you get that quick access to funding.

1. Who is OnDeck? Toggle Section

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? Toggle Section

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? Toggle Section

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

 

4. What type of loans are on offer? Toggle Section

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? Toggle Section

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.

6. What documents are required to apply? Toggle Section

All that’s required is a simple online application and 6 months of bank statements. Applications can be completed over the phone.

7. How will approval decisions be made? Toggle Section

All that’s required is a simple online application and 6 months of bank statements – or you can apply over the phone.

8. What loan terms are available? Toggle Section

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

9. How do I repay my loan? Toggle Section

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

 

10. How soon can I get my loan? Toggle Section

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

 

11. Have you shared my information with OnDeck? Toggle Section

MYOB has not disclosed any of your Personal Information with OnDeck. If you’ve been pre-qualified by MYOB, it was based on criteria that OnDeck has provided.

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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.