Does OnDeck conduct credit checks?
Application and Approval Process
After you submit the application, OnDeck conducts a soft credit check. This doesn't lower your credit score like a hard inquiry does.
Is there a minimum amount you can borrow for OnDeck?
Traditional bank loans typically require collateral, such as your home or other personal asset, to secure a loan. OnDeck doesn't. Banks often want borrowers to have a personal credit score of 720 or higher; OnDeck's minimum is 600.
What is OnDeck com?
www.ondeck.com. On Deck Capital is a global online small business lending company that is listed in the United States.
How does OnDeck make their money?
How does OnDeck make their money? OnDeck makes money by lending money to small businesses. OnDeck offers both term loans and lines of credit.