Business Line of Credit
Access fast, flexible working capital with a business line of credit.
OnDeck Business Lines of Credit
An OnDeck business line of credit provides fast, on-demand funding. With credit limits ranging from $6,000 to $200,000, it allows you to draw what you need, when you need it,◊ and receive funds within seconds.*
$6K - $200K
Revolving lines of credit
12, 18 or 24 Months
Flexible repayment terms
Weekly or Monthly
Customizable payments
Because of its flexibility, a business line of credit from OnDeck is ideal for covering operating expenses, smoothing cash flow gaps and funding short-term opportunities.
What is a business line of credit?
A business line of credit is a flexible funding option that allows you to draw funds from a set credit limit. The funds are typically deposited as cash in your business checking account. You can draw as much or as little as you need◊ up to your approved credit limit — and you'll typically only pay interest on what you borrow.
Similar to a business credit card, as you repay a revolving line of credit, the funds become available to borrow again. Because of these features, business lines of credit can be a great financing option for managing cash flow and funding long-term projects. They can also act as a safety net, ensuring you have access to working capital in the event of an emergency expense or surprise opportunity.
Running a business takes money, and a business line of credit from OnDeck gives you ongoing access to funds right at your fingertips.
Benefits of an OnDeck Line of Credit
Why choose a revolving line of credit?
Only pay for what you borrow
Withdraw what you need, when you need it.◊ You'll only be charged interest on the funds you draw.
Instant funding
Receive your money within seconds when you make a withdrawal — 24/7, even on nights and weekends.*
Build business credit history
We report to business credit bureaus, which helps build business credit history with on-time payments.
How does a business line of credit work?
Unlike a small business loan that provides an upfront lump sum of cash, a small business line of credit lets you borrow funds up to a set credit limit, so you can draw what you need.◊ As you repay the outstanding balance, your available credit replenishes, so you can keep borrowing without reapplying.
Whether it's managing cash flow or investing in your big-picture plan, a revolving line of credit is a flexible way to access the funds you need.
Credit Limits
A small business line of credit from OnDeck can provide qualified borrowers with a credit limit up to $200,000.
Instant Access
You can draw from your line and get money instantly — even when the banks are closed.*
Pay for What You Use
Withdraw what you need, when you need it◊ — you'll only pay for what you borrow.
Flexible Terms
OnDeck's flexible repayment terms let you choose from 12, 18 or 24 months, with weekly or monthly payments to fit your business's budget. Plus, your on-time payments can help you build business credit history.
Best ways to use a business line of credit
A business line of credit is a smart way to stay ready for what's next. You're in control of when and how you use it — making it a great way to manage day-to-day expenses and taking advantage of opportunities without taking on more debt than you need.
Buying extra inventory
Prepare for the busy season by purchasing extra inventory without disrupting your cash flow.
Taking on bigger clients
Get the working capital you need to cover upfront costs when taking on a big client or job.
Bridge payroll gaps
Pay your team on time, even when you're waiting for invoices to be paid.
Investing in marketing
Test a new marketing strategy to reach new customers.
Smoothing out seasonal dips
Cover your operating costs even during the slow season.
Opportunity funding
A line of credit can act as a safety net, but it can also help you move your business forward with flexibility and control.
How do I apply for a business line of credit?
Complete the application
Our streamlined application process is designed to be completed in just minutes.
Get a decision
Work with an expert loan advisor to choose the best option for you.
Receive your funds
Sign your contract and get funds as soon as the same day.†
Are we a match?
Here's what's required to apply.**
1 Year in business
Minimum operating history required
Business checking account
Active business bank account
$100K business annual revenue
Minimum yearly revenue requirement
625 personal FICO® score
Minimum credit score needed
** Requirements may vary. Additional documentation and verification may be required during the application process.
* Funding times may vary. Terms and conditions apply.
◊ Subject to available credit and approval.
† Same-day funding available for approved applicants who complete the process before cutoff time.