Who is behind the TBDC and On Deck Capital? 

On Deck is founded and financed by payment processing and financial service industry veterans, including C-Level executives from American Express and Citigroup.

Is On Deck a Cash Advance Lender? 

No, we are not a Merchant Cash Advance company. We offer real loans with fixed terms and payments.  

How much capital can you loan me? 

We offer loans up to $100,000 based on the monthly cash flow of the business.

What makes a company eligible? 

Our unique assessment model allows us to lend money to many businesses that have been turned down by traditional lenders.

Your company is a good candidate if you have a separate business bank account, you have been open for business for over one year and process at least $3,000 in credit card transactions per month. Or if your company does not accept credit cards you should have been open for business for at least two years and have an average business bank account balance of at least $3,000 per month. This selection process allows us to maintain reasonable rates for all our customers. 

What information do you need from me to apply? 

Depending on how you receive payments, you may need some or all of the following:

• Tax ID number

• Credit card statements for the previous three months

• Merchant processor name, ID, and phone number

• Bank statements for the previous three to six months

• Social Security number of business owner(s)

• Drivers license number and state of issue

How soon will I know if I am approved? 

Within 2 business days of receiving your completed application, we will let you know if you've been approved.

When will I receive the money? 

Loans are funded within 7 business days.

How will I repay the loan?  

Daily debits are made from your business bank account to On Deck. These micro-payments are proven to prevent the snowball effect often caused by missing larger monthly payments. We will inform you of your exact payment amount, and our online loan management portal allows you to monitor the activity. 

What is the typical term of your loan? 

12 months. ( 6 months on approval )

Do I have to switch my credit card processor? 

No. We simply review your credit card information to determine the performance of your business. 

But The Texas Business development Center can help pay part of your loan payment by lowering your current credit card processing costs from 20% to 60% (see www.iGoSaveMoney.com)

What if I need additional money? Can I apply for a second loan?  

Yes. Once you have successfully repaid 75% of your loan, you are eligible to apply for additional capital to continue building your business.

If you have additional questions, please feel free to email us or call us toll free at (866) 758-7095.

On Deck Capital