OpenbookCapital
Check my options

How we work

How it worksEvery step and how long it takes The Openbook StandardWhat we promise on every offer

Company

About Openbook PartnersRefer clients, or fund with us Careers

Get in touch

Contact Request a callPick a time that suits you
We're a broker, not a lender

Funders make the credit decisions. We compare their offers and show you what each one costs. Funders pay us when a deal funds, never you upfront.

Read the standard

Lender profile

OnDeck

Direct funder Checked Sep 30, 2026
OnDeck offers term loans from $5,000 to $400,000 and revolving lines of credit from $6,000 to $200,000 to businesses with at least 1 year in business, $100,000 in annual revenue and a 625 personal FICO score. It publishes average APRs of 53.2% for term loans and 59.8% for lines of credit on loans originated in the half-year ending June 30, 2026. Loans may be issued by a member of the OnDeck family of companies or by Celtic Bank.
Visit ondeck.com Compare with similar funders
Heads up. OnDeck does not lend to businesses in North Dakota and publishes a list of restricted industries, including vehicle dealers, gambling, non-profits and pawn shops. Its FAQ gives term loan lengths of 18 to 24 months while its small business loans page says 6 to 24 months, so the minimum term shows as not published.

The open book

What OnDeck publishes, and what it doesn't

8 of 9 things a business owner needs to compare offers are on its website.

Published

Amounts
$5K–$400K
Minimum credit score
625+
Minimum time in business
1 year
Minimum monthly revenue
Not published
Speed, in its words
As soon as the same day

The ledger

  • Funding amounts
  • Minimum credit score
  • Minimum time in business
  • Funding speed
  • Price (rate or factor)
  • Fees
  • Term length
  • Excluded industries
  • Minimum revenue Not published
Loosest published figure across its products, from its own website. Details by product below.

By product

OnDeck's products, as published

Open “Sources” under any product to see the exact wording and the page it came from.
Price published
Amounts
$6K–$200K
Price
Average APR 59.8%
Term
12–24 months
Repayment
Variable
Minimums
Credit 625+ · Time in business 1 year · Revenue n/p
Speed
as soon as the same day
Fees
"We don't charge any annual fees, monthly fees or draw fees." No origination fee figure is published for the line of credit on its own page.
Not available in
ND
Industries excluded
Adult entertainment or materials, Art dealers, Bail bond services, Birth tourism, Boat dealers, Drug dispensaries, Firearms vendors, Gambling (lotteries, casinos, raffles, gaming), Gold dealers, Government and non-profits, public administration, civic organizations, Horoscope and fortune telling, Manufactured (mobile) home dealers, Money services businesses (MSBs), Mortgage and non-mortgage loan brokers, Motorcycle, ATV, and all other motor vehicle dealers, Multi-level marketing, New car dealers, Non-profits, Outdoor power equipment stores, Pawn shops, Private households, Recreational vehicle dealers, Religious/civic organizations, Rooming and boarding houses, Used car dealers, Wireless (mobile phone) stores
Collateral
Not required
Sources (16)
Price published
Amounts
$5K–$400K
Price
Average APR 53.2%
Term
Up to 24 months
Repayment
Variable
Minimums
Credit 625+ · Time in business 1 year · Revenue n/p
Speed
as soon as the same day
Fees
"We charge an origination fee of 0% to 4% on your loan, and if you renew you may be eligible for subsequent reductions." The term loan page adds that only customers who have previously renewed a term loan are eligible for a 0% origination fee.
Not available in
ND
Industries excluded
Adult entertainment or materials, Art dealers, Bail bond services, Birth tourism, Boat dealers, Drug dispensaries, Firearms vendors, Gambling (lotteries, casinos, raffles, gaming), Gold dealers, Government and non-profits, public administration, civic organizations, Horoscope and fortune telling, Manufactured (mobile) home dealers, Money services businesses (MSBs), Mortgage and non-mortgage loan brokers, Motorcycle, ATV, and all other motor vehicle dealers, Multi-level marketing, New car dealers, Non-profits, Outdoor power equipment stores, Pawn shops, Private households, Recreational vehicle dealers, Religious/civic organizations, Rooming and boarding houses, Used car dealers, Wireless (mobile phone) stores
Collateral
Required
Personal guarantee
Required
Sources (15)
  • Our term loan can offer from $5,000 to $400,000 in funding, with term lengths ranging from 18 to 24 months.
    ondeck.com/faqs · checked 2026-09-30
  • Our term loan can offer from $5,000 to $400,000 in funding, with term lengths ranging from 18 to 24 months.
    ondeck.com/faqs · checked 2026-09-30
  • The average rate for term loans is 53.2% APR and the average rate for lines of credit is 59.8% APR.
    ondeck.com/business-term-loan · checked 2026-09-30
  • We charge an origination fee of 0% to 4% on your loan, and if you renew you may be eligible for subsequent reductions.
    ondeck.com/faqs · checked 2026-09-30
  • Only customers who have previously renewed a term loan are eligible for a 0% origination fee.
    ondeck.com/business-term-loan · checked 2026-09-30
  • Predictable daily or weekly payments
    ondeck.com/business-term-loan · checked 2026-09-30
  • 24-Month maximum repayment term
    ondeck.com/business-term-loan · checked 2026-09-30
  • Minimum 625 personal FICO score of the business owner.
    ondeck.com/faqs · checked 2026-09-30
  • Minimum one year in business.
    ondeck.com/faqs · checked 2026-09-30
  • Our term loan is secured, but to provide maximum flexibility, we don't require any specific amount, type or value of collateral.
    ondeck.com/faqs · checked 2026-09-30
  • Instead, we secure our term loans by placing a general lien on the assets of the business and they're backed by a personal guarantee.
    ondeck.com/faqs · checked 2026-09-30
  • OnDeck does not lend to businesses in North Dakota.
    ondeck.com/business-term-loan · checked 2026-09-30
  • We lend to over 700 industries, but there are some we can't serve. Those include:
    ondeck.com/restricted-industries · checked 2026-09-30
  • If approved, business term loans can fund as soon as the same day.
    ondeck.com/business-term-loan · checked 2026-09-30
  • If checkout is done after 10:30 a.m. ET, or on a weekend or bank holiday, it will not qualify for Same-Day Funding and funds will be deposited within 2 – 3 business days.
    ondeck.com/business-term-loan · checked 2026-09-30

Similar funders

Funders offering the same products

Advantage Merchant Funding

Not stated
Not publishedCredit n/pNo price

Backd Business Funding

Not stated
$10K–$2M650+ creditNo price

Big Think Capital

Broker
$10K–$5M550+ creditPrice published

Birkin Capital

Not stated
Up to $2MCredit n/pNo price

Biz2Credit

Direct funder
$25K–$2M575+ creditNo price

Blade Funding

Direct funder
Up to $250KCredit n/pNo price

Head-to-heads

CAN Capital vs OnDeckIOU Financial vs OnDeckMulligan Funding vs OnDeckNational Funding vs OnDeckOnDeck vs BluevineOnDeck vs Kapitus

Pages we read

  1. https://www.ondeck.com/
  2. https://www.ondeck.com/business-term-loan
  3. https://www.ondeck.com/business-line-of-credit
  4. https://www.ondeck.com/faqs
  5. https://www.ondeck.com/restricted-industries
  6. https://www.ondeck.com/small-business-loans
  7. https://www.ondeck.com/company
  8. https://www.ondeck.com/contact-us
Spotted something out of date? Funders and owners can send a correction with a link to where it's published. Listing OnDeck here doesn't mean it works with Openbook.

One application, many funders

Compare offers from multiple funders

Openbook matches your file with funders whose published criteria fit. You approve every funder before your file goes out, and every offer comes decoded.

Check my options Request a call
  • About 3 minutes. No SSN and no bank login to start, so checking doesn't affect your credit.
  • 4 months of bank statements. A specialist contacts you within 1 business day and asks for them through a secure link.
  • You approve every funder before your file goes out. No cost to apply, and no obligation to accept.