name: OnDeck FinOps
description: Financial operations and cost considerations for integrating with OnDeck's partner lending API. OnDeck does not charge API usage fees directly; instead partners earn commissions on funded loans. Cost structures are tied to loan origination fees and commission agreements.
url: https://www.ondeck.com/partner
model: Commission-Based
cost_to_integrate: None (partner program)
revenue_model:
  - name: Partner Commission
    description: Partners earn commissions on loans funded through their integration. Specific commission rates are negotiated as part of the partner agreement.
    type: Revenue Share
  - name: Origination Fee (Borrower-Facing)
    description: OnDeck charges borrowers an origination fee of up to 4% on funded loans. This is a borrower cost, not a developer/partner API cost.
    rate: "Up to 4%"
    payer: Borrower
loan_products:
  - product: Business Term Loan
    apr_average: "57.90%"
    amount_range: "$5K - $400K"
    term_max: "24 months"
  - product: Business Line of Credit
    apr_average: "56.60%"
    amount_range: "$6K - $200K"
    term_options: "12, 18, or 24 months"
notes:
  - No API usage fees are charged to partners.
  - Revenue is generated through loan origination and interest income on funded loans.
  - Partners receive competitive commissions per funded loan.
  - Same-day funding available for applications completed before 10:30 a.m. ET weekdays.
  - Contact partners@ondeck.com for commission structure details.