OnDeck provides financing products for small businesses, including term loans and business lines of credit. The company describes an online application process and access to loan advisers who can help applicants understand available options. OnDeck is part of Enova International, and the lender named in a loan can depend on the business’s location and other factors; the loan agreement identifies the applicable lender. Approval, pricing, repayment schedules and product eligibility vary by applicant and state. Business owners should compare the total cost of financing, review any guarantees or security interests, and read the final agreement carefully before borrowing.
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