OnDeck: what it publishes and how to evaluate an offer

What the provider publishes

OnDeck publishes a revolving line of credit and a term loan as distinct products.

Its footnote identifies issuance by an OnDeck-family entity or by Celtic Bank depending on the case; the lender and terms are stated in the agreement.

Source: OnDeck homepage (product footnotes), observed September 27, 2026. Provider pages change; re-check before relying on them.

Structures involved

• Business line of credit
• Term loan

Each structure is priced and repaid differently. See how the structures compare.

Questions to ask before you apply

• Confirm which entity is the lender on your agreement.
• For the term loan, ask about prepayment treatment; for the line, about draw and maintenance fees.
• Who is the contracting party on the agreement, and is it a loan or a purchase of receivables?
• At what stages is credit checked, and is it a soft or hard inquiry?
• What is the total dollar cost, the payment amount and frequency, and the term?
• What happens if you repay early, and what happens in a slow month (reconciliation or interest-only options)?
• Are there origination, draw, maintenance, or closing fees, in dollars?

How to compare a written offer

Put the amount, factor rate or APR, fees, and term into the factor rate calculator to get total cost, payment size, and an estimated APR on stated assumptions. Then compare against any other written offer on the same basis. A provider’s marketing page cannot be compared; only its written offer can.