Build on the success of your business at tax time
The money you need, without the wait!
We know accessing finance isn’t easy.
That’s why we've partnered with OnDeck to bring you MYOB Loans Powered
By OnDeck. Available from $10,000 to $150,000 with repayments over
6-24 months, MYOB Loans makes it easy to claim tax deductions for
assets up to $20,000 bought before 30 June, 2017^.
3 Steps to your next loan
A fast and easy 10 minute online application and 3 months of business bank statements
Funding based on the health of your business
Receive funding in as fast as 1 business day
- OnDeck are Australian-based loan specialists
- $6+ 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
Highly skilled specialists dedicated to serving you
A dedicated Australian-based loan specialist ready to assist your unique business
Loan specialists are available to speak to you Monday to Friday 9am - 6pm reach them easily on 1800 817 596
96% of MYOB clients who used OnDeck recalled a great service
Are you an MYOB Partner? Join OnDeck's Partner Referral Program
- Dedicated support
- Trusted service
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 months.
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.
Loans are issued by On Deck Capital
Australia Pty Ltd ABN 28 603 753 215. Loans subject to lender
*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.
^The information provided is general in nature and should not be taken as tax advice. For specific advice relating to your particular circumstances please contact the ATO or your tax advisor.