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OnDeck Term Loans Up to $500,000 and annual interest rates as low as 9.99%¹ Short Term Loans 3-12 month terms 3 or refreshing locations Inventory deals with a quick turnaround Marketing campaigns Seasonal hiring or inventory Long Term Loans 15-36 month terms Fund Larger Projects That Pay Back Longer Term Expansion or new locations Large-scale inventory purchases Equipment purchases New product development Short Term Rates As low as 9% Simple Interest¹ What is Simple Interest? Simple Interest calculates the total amount of interest you pay as a percentage of your loan amount. This rate excludes any fees. For shorter terms (12 months or less), Simple Interest lets you easily see the total payback amount of your loan. Total Interest Percentage is also referred to as Fixed Simple Interest, and is not an annualized rate. Example: On a 6 month, $10,000 loan with 9% Simple Interest and weekly payments, your interest cost is $900, for a total payback amount of $10,900. Long Term Rates As low as 9.99% Annual Interest Rate¹ What is Annual Interest Rate? Annual Interest Rate calculates the yearly interest percentage you pay based on your average loan balance. This rate excludes any fees. While you should always consider the total cost of a loan, for longer terms (more than 12 months) you can use the Annual Interest Rate to compare loans of similar duration. Example: On a 24 month, $100,000 loan with 9.99% Annual Interest Rate and weekly payments, your interest cost is $10,418.15, for a total loan payback amount of $110,418.15. ¹Eligibility for the lowest rates is very limited, available only to businesses with the strongest creditworthiness and cash flows, and typically businesses that have shown an excellent payment history on prior loan products with OnDeck. The weighted average rate for term loans is 24.6% simple interest and 42.5% AIR. Weighted averages are based on loans originated in quarter ending June 30, 2017. Rate Definitions Simple Interest: Total interest you will pay, and given as a percentage of the amount borrowed, excluding fee Annual Interest Rate: The interest rate in annualized terms, excluding fees Annual Percentage Rate: The interest rate in annualized terms, including fees Origination Fee One-Time Fee to Cover the Cost of Servicing and Processing the Loan 1st loan: 2.5-4% of loan amount 2nd loan: 1.25-3% of loan amount 3rd+ loan: 0-3% of loan amount Term Loan FAQs Do I qualify? Companies in business at least one year $100,000+ in gross annual revenue At least one owner with a 500+ personal credit score How do I pay back? Fixed daily or weekly payments Automatically deducted from your business bank account We offer prepayment options, including potential interest reductions. They vary based on your current situation -OnDeck Term Loans Up to $500,000 and annual interest rates as low as 9.99%¹ Short Term Loans 3-12 month terms Finance Projects That Have an Immediate Return on Investment Updating or refreshing locations Inventory deals with a quick turnaround Marketing campaigns Seasonal hiring or inventory Long Term Loans 15-36 month terms Fund Larger Projects That Pay Back Longer Term Expansion or new locations Large-scale inventory purchases Equipment purchases New product development Short Term Rates As low as 9% Simple Interes We can find out for you if you take the time and request a FREE application submission by I.F.A 347-450-9091 Attn Lending Desk powered by ONDECK FundAmericanow@gmail.com