OnDeck works with many small businesses — like medical offices, auto shops and beauty salons – with annual revenues of $100,000 and up. In fact, the company has served over 700 different kinds of industries to date.
OnDeck term loans and business lines of credit don’t require any personal or business collateral, and the company emphasizes doing business with a human touch.
To evaluate your small business, OnDeck Inc. takes into account your personal credit score, your business credit profile and many other data points to assess the health of your company.
OnDeck reports your payment activity to the business credit bureaus Equifax, Experian and PayNet. Making timely payments on your OnDeck accounts should build your business credit score, which helps you get larger loans with better rates in the future.