In April 2019, OnDeck combined its Canadian operations with Evolocity Financial Group (Evolocity), a Montréal-based online small business leader, to offer small businesses in all provinces and territories of Canada a broader array of innovative financing options and a superior customer experience.
OnDeck offers flexible terms and rates based on your business’ performance. Given approvals are not solely based on personal credit history, an OnDeck loan could be an attractive option when compared to a traditional bank loan. Additionally, we offer a quick response to loan applications. We qualify and evaluate business performance based upon a variety of important performance metrics. Moreover, if approved, it is possible to be funded in as fast as one business day.
Since 2007, OnDeck Group has issued over US$13 billion in loans in the US, Canada and Australia for many business needs. These include inventory purchase, equipment acquisition, hiring and general corporate purposes. OnDeck has been trusted by over 100,000 small businesses across the US, Canada and Australia by providing them with a loan to help them build a growing and thriving enterprise.