OnDeck aims to solve a major issue facing Australian small businesses: the ability to access finance quickly and easily, so business owners can spend their time growing their business instead of seeking finance. Their streamlined application process allows the business owner to apply online in minutes, and enables OnDeck to evaluate, approve and fund small business loans in as fast as 1 business day. The OnDeck Score®, their proprietary small business credit scoring system, evaluates hundreds of data points to deliver a credit decision rapidly and accurately. Through sophisticated data analysis they look at the health of a business, not just the owner’s personal credit scores.
Over the past 10 years, OnDeck has delivered over US$10 billion to small businesses in the USA and Canada. Serving more than 700 industries, OnDeck has been trusted by over 80,000 small businesses across the US, Canada and Australia by providing them with a loan to help them build a growing and thriving enterprise. OnDeck was named one of the Inc. 500 fastest growing companies in the USA and is listed on the NYSE. OnDeck Australia partners with MYOB, trusted by more than 1.2 million businesses.