Jump to Section

Advertiser Disclosure

Last Updated: 04/18/2025

OnDeck Merchant Cash Advance

in Merchant Cash Advance from OnDeck

Last Updated: 04/18/2025

No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate

Cast Your Vote

Compare All Merchant Cash Advance

Filter & compare all your options in one place.

View All Products

Highlights

Factor Rate

1.2 - 1.4

Amount Range

N/A

Minimum Revenue

$100,000

APR (Fixed APR)

N/A

OnDeck Merchant Cash Advance Review

OnDeck Merchant Cash Advance is offered by OnDeck, founded in 2007 and based in New York, NY. OnDeck Merchant Cash Advance are available in 47 states and Washington, DC.

OnDeck Merchant Cash Advance FAQ

What APRs does OnDeck Merchant Cash Advance offer?

The cost of merchant cash advances is typically marketed as a factor rate, not an APR. OnDeck offers merchant cash advance with a factor rate starting from 1.2 to 1.4 . The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.25 will have a total repayment of $25,000, which includes $5,000 in fees.

, but they do not disclose their rates.

Does OnDeck Merchant Cash Advance charge prepayment fees?

Yes, OnDeck Merchant Cash Advance charges additional fees to borrowers who pay off their OnDeck Merchant Cash Advance sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a OnDeck Merchant Cash Advance early.

What types of repayment method does OnDeck Merchant Cash Advance accept?

OnDeck Merchant Cash Advance accepts the following repayment method from the Merchant:

Split withholding

How often does OnDeck Merchant Cash Advance process payments?

OnDeck Merchant Cash Advance processes payments monthly based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to OnDeck Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does OnDeck Merchant Cash Advance charge an origination fee?

Yes, OnDeck Merchant Cash Advance charges a origination fee .

What is the minimum repayment amount required by OnDeck Merchant Cash Advance?

There is no minimum repayment amount.

What are the business financing requirements for OnDeck Merchant Cash Advance?

To apply for OnDeck Merchant Cash Advance, you need to provide the following business documentation:

Business certificate
Business license
Business bank account

What do you need to qualify for OnDeck Merchant Cash Advance?

Applicants with a credit score of at least 580 and up to 850 may be eligible for OnDeck Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

OnDeck Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by OnDeck Merchant Cash Advance.

To qualify, applicants may need to provide the following documentation:

Bank account information
Business formation documents
Driver's license or other government photo ID
Government issued photo ID
Proof of identity

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

1400 Broadway 25th Floor

New York, NY 10018

Visit Site

Email Support