Non-bank SME lender
OnDeck
OnDeck is a non-bank lender offering term loans to Australian small and medium businesses. Check whether OnDeck fits your client's scenario before you call.
Products
Term loan
Lender overview
OnDeck small business term loans
About OnDeck
OnDeck Australia is a non-bank small business lender that has been lending in Australia for more than a decade. US lender OnDeck previously held a majority stake. In 2022 its local management team took majority ownership, with US fintech Enova and long-term Australian investors holding the remaining shares. Its CEO, Cameron Poolman, is also a committee chair at the Australian Finance Industry Association (AFIA).
How OnDeck lends
OnDeck looks at cash flow and overall business health rather than relying only on the owner's personal credit score, and it works with businesses across a wide range of industries. All of its loans are unsecured, with no collateral required. Applications are made online with minimal paperwork.
OnDeck products
Lightning Loan: OnDeck's unsecured business term loan, repaid over a set term with regular repayments.
Working with OnDeck as a broker
OnDeck has a dedicated broker team of state-based BDMs, loan specialists and support staff. Each accredited brokerage is paired with a BDM based on its home state. Brokers can get indicative quotes with Lightning Check, OnDeck's quoting tool, which OnDeck says doesn't affect the client's credit score, then move straight to an online application and track it with live updates. Brokers can also submit a scenario to workshop a deal first. OnDeck says brokers earn commission on both new and renewed loans.
What your client will usually need
Active ABN or ACN
Business bank statements
Details of the loan purpose
Is OnDeck the right fit for your client?
Loan amounts, terms, minimum trading history and turnover change over time, and every lender sets its own policy on credit, industry and security. Enter your client's scenario in Visro to see whether OnDeck fits today and how it compares with the rest of the panel. Lenders can't pay to rank, so results reflect policy alone.
OnDeck FAQs
Is OnDeck a bank?
No. OnDeck Australia is a non-bank small business lender.
Who owns OnDeck Australia?
Its local management team has held majority ownership since 2022, with Enova and Australian investors holding the rest.
Are OnDeck loans secured?
No. OnDeck says all of its loans are unsecured, with no collateral required.
Does OnDeck work with brokers?
Yes. Accredited brokerages get a state-based BDM and access to the Lightning Check quoting tool.
Does OnDeck pay broker commission?
OnDeck says brokers earn commission on new and renewed loans. It doesn't publish rates.
What is Lightning Check?
OnDeck's broker quoting tool, which gives an indicative quote without affecting the client's credit score.
Similar lenders on Visro
Sources
Information on this page is general, is based on OnDeck's public materials and industry news, and was last reviewed in November 2026. It may change. Always confirm current products and terms with OnDeck.
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Lender names, logos and trade marks belong to their respective owners and are used only to identify the lender. Inclusion on Visro does not mean a lender endorses Visro or has a commercial relationship with us. Product information is general, may change, and is not an offer or recommendation of credit. Always confirm details with the lender. Visro does not provide credit assistance or financial advice.