Global Small Business Company
Globally, the OnDeck Group has now loaned over US$12 billion to small business owners across the US, Canada & Australia and is trusted by over 80,000 small businesses. OnDeck | Our Top Pick Small business loans that work for small business owners. A dedicated loan advisor will help you customize loan terms and rates that work for your business. OnDeck launched in Australia in 2015 to solve a major issue facing small businesses: efficient access to capital. We use cutting-edge technology to evaluate businesses based on their actual performance, not solely business owners’ personal credit scores. Ultimately, this makes it possible for us to responsibly expand access to credit. As a result, businesses are able to spend their time where it provides the most benefit—on their customers and on growing, rather than looking for a small business loan. Find out more Prospa Prospa is a multi-award winning, high-growth company. Prospa was awarded the Telstra Business Award for Best Medium Business NSW in 2017, and in 2018 topped the Financial Times list of high-growth companies in Asia-Pacific. In 2018 Prospa achieved a clean sweep of the MFAA Excellence Awards for Fintech Lender of the Year, winning in all states and nationally. Prospa is an AON Hewitt Employer of Choice two years in a row and ranked 6th in LinkedIn’s Top Startup Places to Work, Australia 2018. See full list of awards they have won. Prospa has a variety of industry leading strategic partners who share our vision of providing easy access to capital for small businesses wanting to grow – including Reckon, Xero and Mortgage Choice. Small business is at the heart of everything we do. 97% of businesses in Australia are classified as small, and together these small businesses account for about half the value of the economy and 70% of the workforce. Since 2011, Prospa has helped thousands of them to grow and take advantage of opportunities. Moula Established in 2013, Moula is an Australian-built fintech platform providing good Australian businesses with a smarter way to borrow, through fast, simple and hassle-free loans. Moula has experienced strong growth over the past five years, processing over 20,000 business loan applications and growing its loan book by 124% in 2019. By integrating business’ accounting data with its world-class tech, Moula can process applications and make responsible lending decisions within minutes, and businesses can access the credit they deserve the following day. There’s no hidden fees or complicated jargon, just a team of real people on the other side of the screen who listen to each business’ unique needs. It’s business finance reimagined, because every good business deserves a chance to thrive. Business Fuel Business Fuel provide quick capital from $10,000 to $200,000 to help small businesses across a range of industries. Their lending team has a wealth of experience in business finance and are ready to help you find the right financial solution for your business. Tailoring finance to their customers’ needs and transferring funds in 24 hours or less is our speciality. With more than 50% return customers, you can be confident our service is second to none. They take the time to listen to your business needs and walk you through the process every step of the way. Capify Capify was born out of the desire to offer small businesses an alternative and accessible lending option. Proudly we were the first to do so in Australia. With 10+ years of local experience providing small business loans working capital globally, Capify is Australia’s most experienced alternative lender to small business. With a focus on customer service and simplicity; our vision is to support Australian businesses with tailored financial solutions and solve small business finance. With our philosophy, we work together to create the most flexible and accessible commercial business loans for our clients. This allows us to streamline our internal processes passing on time and cost savings to you. 6-24 month terms 2.5% of loan amount Grow and invest in your business Loyalty discounts What you could do Eligibility 6-24 month terms Flexible terms include weekly and daily automatic payment options 2.5% of loan amount Set up fee covers the cost of servicing and processing your loan Grow and invest in your business Put your short term business loan to use immediately, with funding in as fast as one business day Loyalty discounts They want to be there for you, now and in the future. Renew your loan and your origination fee will be halved to 1.25% What you could do- Increase your cash-flow and purchase stock to grow your business
- Upgrade your equipment and machinery
- Attract new customers with marketing and promotions
- Refit, renovate or expand your premises
- Minimum $100,000 gross annual turnover
- Minimum 1 year in business
- Minimum 3 monthly deposits
- No bankruptcy (prior or recent)
- Minimum 500 business credit score
Previous Next Ryan K was awesome Ryan K was awesome, quick, and very efficient in getting the loan I needed in a very timely manner!!! mark musel Ryan and Ondeck are super helpful, quick and no nonsense finance specialists. I`ve been using them since 2015 through loans and credit lines and they`ve been key to our success and continued growth Steve Crease Our loan specialist Jordan Bousman was awesome! He was very professional! He made the loan process very simple and fast! I highly recommend OnDeck! Karissa Webb Previous NextHow could your business from a short term business loan?
When opportunity knocks You have an opportunity to buy $30,000 worth of inventory for $20,000 if you buy in the next 3 days. A $20,000 OnDeck loan paid back over 6 months gets you money the next day, netting you a saving of $7,000. $10k Opportunity $10,000 inventory discount – $3k Cost Loan cost: $3,000$7,000 Business Savings When you need to expand Using a $50,000 OnDeck loan with a 12-month term, you can expand your business and net an additional $30,000 this year. After paying off the cost of the loan at $7,500, you gain a profit of $22,500. $30k Opportunity $30,000 annual profit from expansion – $7.5k Cost Loan cost: $7,500
$22,500 Year 1 Net Profit If you’d like to apply for an OnDeck small business loan, simply start an application online. It takes only 10 minutes and you’ll know whether or not you’ve been approved within hours, not days. If approved, you could receive funding in as fast as 1 business day. Hospitality Do you own a restaurant, cafe, diner or pub? Loans for hospitality businesses Wholesale
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Loans for tradies Professional ServicesAre you an accountant, consultant or professional service provider?
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Loans for retailers Health Care ProvidersAre you a doctor, dentist, vet or other health care provider?
Loans for health care professionals We conclude that Ondeck is the leader in online lending to small business. They have a dedicated loan advisor will help you customize loan terms and rates that work for your business. They offer a hassle free flexible small business loan and will help you focus on and grow your business, with loans up to $250,000 available to 700+ different industries. Find out your business credit score Fintech,Money / February 5, 2020 / Lynne Becera