OnDeck launches AI-powered loan decisioning for small businesses

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OnDeck Combines Machine Learning With AI-Enabled Verification to Automate Approval Process

October 8, 2026 8:30 AM EDT

New capability makes getting a small business loan simple, with qualifying applicants seeing a stipulation-free decision in under a minute

CHICAGO, Oct. 8, 2026 /PRNewswire/ -- OnDeck, part of Enova International and the proven leader in transparent and responsible online lending to small businesses, today announced the launch of automated final-decisioning for small business loan applications. OnDeck's new AI-powered verification, combined with its machine learning, can produce real-time decisioning that can cut funding... More