True Merchant's partnership with OnDeck
OnDeck is the fastest growing provider of non-bank loans nationwide.
OnDeck is faster than a Bank and better than a Merchant Cash Advance
A fast and easy application – only takes 10 minutes to complete online
Merchant will be provided a decision in minutes – no paperwork, no waiting, no obligations
True term loans – $5,000–$250,000 Receive funding in as fast as 1 business day. Fund-by-Wire transfers issued 4 times daily – 11am, 1pm, 3pm & 4pm EST
Typically less expensive than a merchant cash advance. Decisions in minutes, funding in as fast as one business day. Regular fixed payments mean no worrying about large end-of-month obligations.
Frequently Asked Questions
Founded in 2007
Funded $650M in volume and 20,000+ loans
Recognized in Inc. 500 list for fastest growing companies in US
Named to Forbes 100 list of most promising companies
$100M+ in venture capital raised from Google Ventures and others
Fair financing fast with best in class customer service
$5K to $250K over 3 – 18 months
Deposited and repaid daily via ACH automatically
Same day decision and funding
OnDeck’s average business takes 2.5 loans
93% of our borrowers recommend OnDeck to other SMB’s
It’s a true business loan, where repayments are reported to the business bureaus. Although you’ve been pre-approved, their loans range from $5K – $250K over 3 – 18 months.
OnDeck evaluations are based on your business’s cash flow, including your processing with True Merchant, your bank statements and additional factors.
The application takes about 10 minutes and only requires a only a few verification documents. Decisions are rendered in a matter of hours and you’ll receive funding the same day.
The loans are typically used used for purchasing inventory, buying equipment, expanding your business or hiring employees. It’s a working capital loan, so flexible to your business needs.