While the process started out friendly, and i told them I will not pay the astronomical rate (25%), because I own a business and I take capital serious. Then they gave me another offer (21%, not much of a discount) When I told them that I would do 11% on the loan, a much more fair price. In return, instead of saying "no" to me, the representative thought it would be ok to send me a rude email. I would have been happier if he told me to just go F*&$ Myself. It seems their business is a rip off, and the customer service a facade. read more

I know, I know. My dad taught me the same thing. "If it sounds too good to be true..." However, after making no progress with my bank of ten years I was curious but skeptical about OnDeck. I love how banks advertise how much they are for small businesses but can't seem to deliver unless you have equal collateral or high net worth. Well, if I had a high net worth I wouldn't need a loan now would I? The circular reasoning is just too much! Though my 7 year old company is growing and has over a half million in annual revenue, I found myself going nowhere regarding financing. Enter OnDeck. I spoke with Nastassja Tejada who was terrific. She patiently told me all about OnDeck and gave me multiple financing options with varying term lengths and interest rates. I wrote down the options to review later. There was no pressure and after researching the company and reviewing the options and doing some math, I called her back. I really appreciated the flexibility and variety of offerings. I don't understand the reviews that whine about interest rates. If you're in business, you should always take your time, conduct due diligence and know what you are getting involved with. The terms were reasonable considering these good people are lending me a significant amount of money with no collateral. Think about it. They are risking everything and are truly helping small businesses. Yes, clearly they are making money. Isn't that what we all want to do? They're not a non-profit charity so put on your big boy pants and make a solid business decision. If you feel OnDeck is not for you then go talk to your bank some more. Yes, I was skeptical after being turned down so many times and feeling like nobody really understands what small business owners go through. I did my homework and discovered OnDeck is a publicly traded company (ONDK) which increased my comfort level. The reviews that say silly things like "it's not a real company" are clearly false and uninformed. The end result? An amazing experience, $100,000 in my bank account within two days, a smooth process and a happy customer who is now a raving fan! read more

I've had only the upmost experiences with OnDeck for my business lending needs. Kyle helped me on my last loan and was diligent, friendly, always followed up and made sure I understood the process..Thanks Kyle for your superior service and help! Nikki Owner of NYHAIR LasVegas read more

. I fell on hard times called them to let them know and to ask for a little more time. Told them I don't have the money now but will pay it all back. Please help me out here, then he goes to say I squandered the money or didn't use it for the business. What's sad is he first asked what I spent the money on and I said, bought a new truck, a trailer, paid off a business card thar had almost $70,000 on it. I used it wrong but when I applied I said those exact things and I got the loan. Good luck brother you won't get nothing this way because I have nothing. I called before I defaulted to be truthful and honest when most would wait until all the letters of threats came. However I was humble and owned it as soon as I knew. Without hesitation they decided to kick me while I'm down. In his eyes I was trash and threatened me with litigation and to cause damage and harm simply because business slowed down to the point I had to default on car loans in my personal life. If they worked it out a little bit they would be getting it all back eventually. If they go legally they wont get any of it. They must think I own things of value that they could sell. Everything in my business is a loan, take my work trucks as I owe more than they are worth. I don't own a home, in fact I don't own a Damn thing you can sell for a profit. Your threats are laughable, it's like a blind man your gonna make him wear a blindfold. The loan yes is structured monthly payments, however it is a 1 year payoff at the end. At the end of the day I did reach out to you first to try and work it out somehow. Also there was still available funding left on both loans. If I was in some way stealing as you say, then why would I leave money behind. That makes no sense at all. Also you only put the hold on my account because I told you, so remember without me you would be clueless for some time. You sound irrational even making those comments, you feel threatening me and bullying me into somehow giving you money I don't physically have. I hired a lawyer you can talk to him moving forward. read more

OnDeck - Lighten the mood - Business Financing Near Me - New York, New York

This is the letter we sent them 3 months after daily payments were made on time for a small biz loan totaling over $6000, bout $106 a day. they Lied, we're mad. -We anticipated a re-funding upon, successful payments of your excruciating terms. The original fellow Kelce, stated this. We fulfilled our end, but.... You decided to not proceed. Since the three months we were working hard, we moved, got a new location to expand, and have finally opened. But are now in Limbo thanks to OnDeck! Here are pics to prove it. We are on Yelp now at a different location. As you can see our Reputation followed us. But as a result of no funding, we are going to sink and fail now; you will not get paid. Thanks OnDeck Maybe you'd like us to succeed as planned, and refund us before we fail for good. Good idea huh? Thanks again. P.S we even got new logos designed Old shop photo is there too, that's what you original funded at 3505 Only please contact me to proceed with new funding, otherwise.... Edward Savitzky CHICAGO TECHS & VAPOR 407-B S. IL Route 83 Grayslake, IL 60030 773 814 0147 read more

I have done multiple loans with OnDeck. I am ready to do more. My business track record is great. No condescending BS that the banks give small business and very little paperwork required. My only reason not to give 5 Stars is that every time I do a new loan, they do not go lower than 10% I would like a decision maker to contact me regarding this so we can get the next loan going. I would love to do 10% or less over 12 months. I am sure my loan rep is just doing her job, but I hope this review helps me negotiate lower terms. I would actually pay a little more to OnDeck than have to deal with the banks. Funding often is the same day and the process is very seamless. Your Term Loan was opened. 1296049122500 4 months ago Your Term Loan was opened. 1171496922500 8 months ago Your Term Loan was opened. 1086911402500 10 months ago Your Term Loan was opened. 839305322500 2 years ago Your Term Loan was opened. 706176132500 2 years ago Your Term Loan was opened. 659126332500 2 years ago read more

OnDeck was fantastic when I was able to make payments on time. I have been a customer for 5 years and never once missed a payment. Then Covid happened and my business was forced to shut down. OnDeck has been my biggest stress. They required weekly calls to forbear the payments. Then they stopped allowing my payments to be on hold. They charged interest all of Covid. I'm not able to make payments at the same amount I was prior to Covid and I've tried working with the billing dept. Another lender was amazing and offered me help immediately. OnDeck in comparison didn't respond to emails for a month and once they did, they kept saying what I was asking for was illegal (yet the other lender offered the concessions without me asking, so clearly it was not illegal and after being pressed the rep finally admitted it was simply their internal policy and not law). And the billing dept has shown no compassion in their dealing with me in their communications whatsoever. Further OnDeck declined my ppp application saying I had too much debt- but that was debt they held. But they made me submit the same documents over and over again for weeks and made me plead for an answer one way or another. Again, this shows the lack of communication this company provides. Every other financial company I've worked with has been understanding during this time. Except OnDeck. I even contacted the VP of customer service and asked for help. He promised a 'review' which came back an hour later stating they'd followed all the correct procedures for my file. But they clearly hadn't seen all the emails I've sent over the past 4 months- as many as 15 went fully unanswered and the ones that were answered were lacking in substantive answers or help or contained an "offer" that was not at all feasible for a business running during a pandemic. They mostly just threatened me further or tried to mislead me. I'm now at the point of having my bankruptcy lawyer handle all matters with them, and this loan alone is driving me to bankruptcy because of their lack of interest in working with me in a reasonable way. It's heartbreaking that I have given this company so much money and they are taking even more when I am state ordered first to be closed for three months, then to be operating at 1/2 capacity, face the very real fear of getting shut down again at anytime, and I am trying to hold a face to face business together with string. I should be spending this time keeping my clients happy and safe and my business running well, but instead I have to fight to keep my business alive because of these poor practices. Best of luck OnDeck. When small businesses come back, they will remember how you treated them. read more

Had this company for almost 4 years and they never lowered my rate. They try to hide their super high rates in the way they arrange the loan. It was helpful at the time but put me in a tight spot and all of the profit I was making was going to interest. Find another company. read more

Ondeck should have a 5 star Yelp rating in my opinion. This is the second time I have applied for financing, and was delighted to find my rep Anastasia was still there. All it took was a quick email and she was all over it. Highly recommend her, and Ondeck. read more

If I could give 10 stars I would! Brennan and the OnDeck staff could not have been nicer to deal with. As a small business with little to no credit we have had nothing but rejection with traditional lenders. OnDeck was fantastic, quick and explained everything in a clear manner. Can't say enough nice things!!!!! read more

BEWARE--- After auto debiting and making $4000/mo, weekly $1000 payments on my account religiously, I called OnDeck to try and refinance my new reduced balance because I had paid it down so much. They then started to deduct $660 PER DAY from my bank account! After noticing a couple payments deducted, I immediately called the OnDeck Rep and the guy said he was going to freeze my account because he couldn't refund ANY of my money and that for three weeks I wouldn't have to make a payment because I was overcharged. Here I am two days later with not only another $660 deducted but also ANOTHER $1000 deducted!! My payroll account checks are bouncing, other charges are being rejected and now my payroll account is negative and now fees are piling up! My employees are UPSET, CRYING and to make matters worse it's Christmas in a few days and I scrambling! This has ruined my reputation, banking relationship and my relationship with OnDeck! After speaking to a couple attorneys they've mentioned that they received multiple complaints about ONDECK Capital. The only problem is that because I signed an arbitration agreement written into their contract, I can't sue them. I had to file a case with JAMS, an arbitration company they use in Utah. I've filed Better Business Bureau, Federal Trade Commision, Consumer Financial Protection Bureau complaints as well. This was a breach of contract for payments I didn't authorize. What type of company is this? Show me where I signed up for this to be deducted from my account daily. There is nothing because I never authorized anything, which is ILLEGAL. Michael Farber, a supervisor has refunded all of the overages but also said the lower payments they authorized will show negatively on my credit. So now I'm back to paying $4000/mo for the $37k loan. OnDeck Capitals mistakes have damaged something you can't easily or "at all" get back- MY REPUTATION. In business this is everything. They have violated Regulation Z: Truth in Lending guidelines and other laws that protect consumers from big banks. I intend to make sure they fairly have their legal consequences and penalties to pay. read more

When the banks wouldn't approve us and we couldn't get a credit card or line of credit .. ON DECK got us a loan! We spoke with Matt V. Keep in mind we are a young couple, not much credit, new (but very successful) business for 1 year and were looking to expand into a larger location. The only thing that got us this loan was our cash flow. YES the interest is high. Ours is 22%, but we were willing to eat this cost at the chance of growing our business even further and that is now happening! Matt we may need your assistance again! ha! Thank you for the excellent service and follow up calls. Awesome braddah ! Aloha from Hawaii Jess & Kalani read more

I love On Deck! I've been using them for over two years now. The best part is my loan advisor Anastasia. She has helped me out tremendously and I can't thank her enough. Anastasia was helpful and very professional and is a big part of my companies growth. I would highly recommend On Deck! read more

I highly recommend Ondeck Financial, their rates are reasonable and you get funded in a day or two, as long as they can Verify your identity and cash flow . I look forward to doing business with them in the future . Dr E read more

Not good company to deal with. Dealt with rep Remy who called my cell phone 3 times in a row at 8:30AM when I didn't pickup. Told him not to call phone and he did so again next morning. Because I refreshed a page going through the loan process they told me I need to submit all these additional documents. Bad experience all around. I'm not pursuing a line of credit with them. Them having Barbara Corcoran as a spokesperson influenced my perception of them but I'm certainly disappointed. read more

I've worked with Brittany several times now and she has always been friendly, responsive, and knowledgeable on the loan process. I'm thankful for such a wonderful rep to work with and a very easeful renewal. Thank you! read more

My small business was looking for funding last year to help with expansion and establish business credit. I decided to check out OnDeck after receiving an email invite (through Quickbooks I think). The process was incredibly easy, fast and all the representatives were helpful, responsive and professional. After receiving another OnDeck offer, I decided to "rollover" the remaining amount of the original 6-month payoff for additional funding, keeping my payment within $1 of the original amount, extending the payoff and having the origination fee waived. I thought the first application for funding was easy, but this was lightening fast! Our little company is again ready to hire additional help and we're establishing excellent credit with the help from OnDeck. Thank you Ana P. for your expert assistance and thank you OnDeck for supporting small businesses everywhere! read more

Robert Batista is excellent. He handled our request in a very professional and prompt manner. Our request for additional funding was totally satisfied. read more

OnDeck has been there for me for almost five years now. Their loan process is so simple and FAST! The capital they provided has helped fund the build-out of a new practice location, advertising campaigns, new equipment, and the hiring of new staff members. My OnDeck account manager, Dana, is awesome -- helpful, proactive, and knowledgeable! If you are a small business owner and need some extra funds, I wholeheartedly encourage you to look closely at OnDeck and what this company can provide. read more

Anastasia with OnDeck assisted me when I needed the help. I would recommend OnDeck to anyone I know that's in the market for a small biz loan. Even if you don't think you qualify, call them, it doesn't hurt to talk to them. Worse case is they tell you what you need and you work towards getting there. read more

Very high interest mine was at 32%. You will make payments daily. If you decide to pay in more money they take 50% of that amount. They will 1099 you at the end of the year meaning you have to report this amount to the IRS. You will have to pay interest to the IRS on this amount. Paying in more does not mean you will stop the payments early. They will claim to reduce take off interests and re issue a new loan once you are paid off at 50%. NOT true in my case. I would recommend to look into other options if that is a choice for you otherwise it gets very frustrating and you will feel stuck. read more

Our business is booming and in spite of record volume and expanding services our cash flow was lagging. Our bank denied our modest request for credit and Anastasia at On Deck was very helpful and we got the money we needed right away. read more

The first process was real easy, and renewing the loans is even easier. They helped my business when I needed it the most. Yes the interest rate is high, but it's worth it to have a piece of mind. Will I use them again? Most definitely. My loan professional keeps in touch with a hello email every now and then, just to see how I am doing. Thanks read more

On deck does not keep their word. I inquired about a business credit line and Blake E. was all over me for days to complete the application. I sent them everything they needed and then some and then nothing. No response, total silence with no attempt to keep the promise of efficiency they claim to work towards. Very disappointing. I sent a dissatisfied email to Blake and he sent back a lack luster response that indicates he has no desire to work for my business. I know I am the one looking for a credit line to grow my business but their claims to work efficiently are false. Be careful about doing business with these people. They now have quite a bit of my financial information and I feel as though I have to be vigilant to make sure I am not at risk financially. Best to do business with a local bank and a person face to face. read more

Have worked with OnDeck going into our 4th year. James has done a professional job for us with efficient quick service. It is high interest but that is what happens in business when you need cash. Competitive to be honest after checking out other loan companies. read more

Three loans, two paid in full, the last one will be paid off in a couple of months. Followup is not great. I would not recommend this company at this point. It took a lot of effort for the first loan, the web site promises an answer in minutes (plan on a day or two), and they are not the most helpful when applying. read more

The process of getting the loan was quick and easy. Anastasia was very easy to work with. If you need fast money to float cash it's an easy route to take. read more

This company uses illegal tactics. They will accept your application and then cut you out and claim "we already received this file". Then they send out your file to other lenders (or just fund the deal directly) which is known as "backdooring" and completely cut you out. This is fraud and they have become blatant about it. I am currently working with lawyers to bring a lawsuit and criminal charges against them. If you have experienced this as well, please contact me directly. read more

The worst business decision of my entire life was to use OnDeck (OD). My company needed cash quickly. My bank was very slow to work with, and I was not aware of relatively quick and painless alternatives providing funding at low interest rates in my community such as Fundingcircle, Liftfund, or PayPal. My ignorance of options beyond OD at the time cost me dearly, as I paid an APR of 39.18% on money borrowed. In retrospect, the only thing worse than getting raped on such a high interest rate by OD, was the fact that the managers and staff showed (over the 9 months I dealt with them) a clear and distinct pattern of dishonesty. Most of the time they lied by omission. See the many other negative OD reviews for specific examples of their lies of omission. Other times they would say they were going to do something but then did not follow through, or would even do the exact opposite of what was promised, blaming their inaction or misdeeds on a "decision of management that left our hands tied." A third pattern I noticed, which was also the most disturbing, was that sales reps acknowledged the institutional dishonesty of the company in small ways when I spoke with them over the phone,but then did nothing to stop the bad behavior. For example, no less than four sales reps that I spoke with at OD admitted to me that the positive reviews they get online are paid for and not authentic. They even called them "ads", and said "it brings people like you to us!" Stupid me, lesson learned. Fortunately my company was healthy enough to whether the mistake I made by using OD. If you're contemplating taking a loan w OD, please reconsider. There are many other options, and you won't have to deal with these lying, usurist wolf-pigs. read more

I noticed all the bad reviews about this company and unfortunately it's about 99% true if not 100% Please do not waste your time or credit inquirer being pulled. I pay taxes on a $100k plus per year, had over $50k liquid, 680 plus personal credit score, 6 month bank statements verifying over $15k per month, and was declined for $25k lol I've never been declined for a loan of this size before in my entire life. read more

As background, I'm a residential remodel general contractor who has been in business since 1979. I'm a small business, with anticipated revenue for the coming year in the $500,00 range. As we've had a tough quarter due to a plethora of small jobs and nothing large to carry us through the holiday season, cash flow has been tight and I was interested in roughly 10K operating capital and 20K to consolidate a longer term business credit card debt. Not failing, nowhere I haven't been before, but I was looking at a 10K credit card advance to push through into the next quarter when the mail solicitation from OnDeck arrived. I went through the online app process only to be told to wait for a phone call before they could review details of a loan offer. That's flag number one. Return call took awhile, but finally I spoke with one of OnDeck's agents. He talked about loan amount and daily (daily!) loan payments. Who works on daily payments, and can translate that into monthly payments and interest rates? Flag number two. When pressed, he admitted that the APR (annual percentage rate) came to 67.5%. That's when it became apparent that this was nothing more than a payday loan scam aimed at small business. How exactly will this serve me in terms of a loan consolidation? Quadruple the interest rate on my credit card? Maybe the math works for some sort of business that bears no resemblance to what I do for a living, but from my perspective this is no favor at all. I'd do much better to take that 0% cash advance for 18 months from the credit card and pay down both that loan and the credit card debt. That's a huge savings over what OnDeck "offers". Bear in mind that I am not a failing business, my credit score is 743, and I have a well established track record that suggests I am a good bet for any entity that wants to extend a loan. Given what I've heard from OnDeck, compared to the assorted five star reviews they've received here (which did influence my willingness to discuss a loan with them), I'd have to say most of the 5 star reviews are total spam from highly paid false review companies. That service is available to anyone willing to pay, and at a 67.5% return on investment, I figure OnDeck is able to hire the absolute best fake Yelp reviewers out there. Any legitimate small business should avoid this lender like the plague. read more

I was investigating options for our business. I was not even through reading the first page online, had never created a username or password when my phone rang. The guy on the other end of the line was overly familiar "Hey, can I talk to XXX" the conversation was no more professional from there. I called to have my number removed from calls. The lady could hear me fine until I asked to be removed then suddenly she could not hear me...after I smarted off and suddenly she could hear that just fine and hung up on me. I can't find a reason to continue with the application. read more

We just received funding on our second loan from OnDeck and have nothing but good things to say about them! The process is always easy, follow-up is polite, professional and prompt ... and funding is impressively quick! In both cases, the time from the initial conversation until our loan was approved was 2 days or less. And funding occurred a day or two after that. As a small business owner in constant need of working capital and few places to get it, OnDeck is a welcome solution and we will continue to use them for our business financing needs! (FYI I read through the other reviews here on Yelp and our experiences were completely opposite of the negative ones listed. Not saying those reviews are not accurate ... just surprising since our experience was/is excellent). read more

OnDeck has helped my business grow over the passed few years and it has been a hassle free experience. My representative Dana is always helpful and never pushy like most other loan companies. I highly recommend this company! read more

When you enter your info on their website, you'll receive a phone call before you even get to the next screen. From there, you'll get a high-pressure sales pitch, submit some documents and probably never be able to reach your "loan advisor" again. They do not answer calls or return emails. You will be blocked from speaking with anyone other than the salesperson (aka loan advisor) who originally contacted you. This company is a joke...only it's not funny. read more

Kyle Shirley was amazing. the process was quick easy and painless!

This company is the best! I am now on my 3rd time borrowing from OnDeck! The process is simple and nothing near as hard and time consuming as a bank loan! My advisor is Ana Petrovic! She is my assigned loan officer at OnDeck! She is always on point each time I am up for another loan! I don't even have to keep it as a reminder call she is on spot and even gives u a heads up email that ur coming near ur renewal date! So here on OnDeck they allow u to do another loan even when the current one is not 100% paid! Once ur loan hits the half way mark u have an option to borrow more if needed! And whatever u borrow at months they pay off the current one and just give u the rest! So it's always 1 loan! I strongly advise anyone who needs a quick and easy way of obtaining a loan to contact Ana at OnDeck! She is fast, friendly, supportive and on point and exact! For sure the best place for us cuz we don't need to use our own cash flow too! They have helped us grow so much and I didn't even have to touch a dime from my own checking account! Best part u pay payments daily and it's automatic and very small portion based off ur income not just credit cards! U get a set payment each day that is affordable! Once u deal with OnDeck the 1st time it only gets easier and easier! Just did it again and finished the funding papers on my iPhone! With only spending total 2 min to approve, review, confirm, and fund!!!!! Highly recommend ONDECK! And highly RECOMMEND SHOOTING ANA A EMAIL TO HELP U GET WHAT U NEED! read more

Ana has been a great help with our company's short term financing needs. we are currently on our 4th loan with them and have had no complaints at all. read more

High pressure sales tactics. They were initially very friendly and attentive up front. When I submitted all the required documentation they all of a sudden couldn't be reached. When I finally got an answer they claimed that I did not have enough yearly sales. They wanted to see 100k a year, my bank statements showed $108k last year. I went to Kabbage and they have the same requirements...I had a loan for $17k within just days. What's amazing is that they have me on their call/email/snail mail mailing list and I am repeatedly harassed to take out a loan with them when they are the ones who originally said I did not qualify. Steer well clear of Ondeck. 1.5 years later and they are still calling/emailing/sending me letters! read more

Don't trust what you are told regarding how fast they will fund your loan. Also, trying to get straight details regarding cost of the loan is very difficult. We made the mistake of planning key equipment purchases based on the financing and lost our window due to false information regarding the delivery of funds. read more