Truck Loans Australia :: News
SHARE

Share this news item!

OnDeck Australia Sees Significant Growth in Broker-Originated SME Loans

Surge Reflects Renewed Confidence Among Australian Small Businesses

OnDeck Australia Sees Significant Growth in Broker-Originated SME Loans?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

OnDeck Australia has reported a remarkable 246% year-on-year increase in broker-originated small business loans funded in November 2024 compared to the same month in 2023.
This substantial growth underscores a renewed confidence among Australian small and medium-sized enterprises (SMEs) in seeking financial support through broker channels.

The lender also noted a 24% rise in loan volumes between October and November 2024, highlighting a positive trend in SME borrowing as the year concluded. This uptick was observed across various sectors, including manufacturing, health services, transport, and trade, indicating a broad-based demand for business financing.

In addition to the surge in loan originations, OnDeck has made significant strides in improving its approval times. The average approval time for Lightning Loans applications-up to $175,000-submitted via brokers in the second half of 2024 was reduced to 63.6 minutes. This represents a 64-minute improvement compared to the previous year, effectively halving the approval time and demonstrating OnDeck's commitment to providing swift financial solutions to SMEs.

Looking ahead, OnDeck anticipates that easing inflation and potential lower interest rates in 2025 will present brokers with expanded opportunities in small business lending. SMEs that invest in their productivity today are expected to gain a competitive advantage in the coming year.

For small business owners seeking quick and flexible financing options, this development highlights the importance of exploring broker-originated loans as a viable solution to meet their financial needs.

Published:Thursday, 1st Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Macquarie Bank Named Money Minder of the Year 2025
Macquarie Bank Named Money Minder of the Year 2025
01 Jan 2026: Paige Estritori
In the 2025 Consumer Finance Awards, Macquarie Bank has been honoured as the Money Minder of the Year by Money magazine. This accolade highlights the bank's exceptional performance in managing Australians' savings and term deposits. - read more
Commonwealth Bank Recognised as Business Bank of the Year 2025
Commonwealth Bank Recognised as Business Bank of the Year 2025
01 Jan 2026: Paige Estritori
In the latest Consumer Finance Awards, Commonwealth Bank has been named Business Bank of the Year 2025 by Money magazine. This recognition reflects the bank's unwavering support for Australia's small and medium enterprises (SMEs). - read more
Macquarie Bank Honoured as Investment Property Lender of the Year 2025
Macquarie Bank Honoured as Investment Property Lender of the Year 2025
01 Jan 2026: Paige Estritori
Macquarie Bank has been awarded the Investment Property Lender of the Year 2025 by Money magazine, acknowledging its significant role in supporting Australia's property investors. - read more
Scooter Sales Rise as Australian Motorcycle Market Faces Downturn
Scooter Sales Rise as Australian Motorcycle Market Faces Downturn
01 Jan 2026: Paige Estritori
In the first nine months of 2025, Australia's motorcycle market experienced a 2.2% decline, with total sales reaching 63,988 units. However, the scooter segment defied this trend, recording a 4.6% increase in sales and now accounting for 5.7% of the total market. This growth underscores a shift towards more efficient and affordable urban transportation options. - read more
OnDeck Australia Sees Significant Growth in Broker-Originated SME Loans
OnDeck Australia Sees Significant Growth in Broker-Originated SME Loans
01 Jan 2026: Paige Estritori
OnDeck Australia has reported a remarkable 246% year-on-year increase in broker-originated small business loans funded in November 2024 compared to the same month in 2023. This substantial growth underscores a renewed confidence among Australian small and medium-sized enterprises (SMEs) in seeking financial support through broker channels. - read more


Truck Loans Articles

The Pros and Cons of Leasing vs. Buying a Truck for Your Business
The Pros and Cons of Leasing vs. Buying a Truck for Your Business
Small businesses that require regular transportation of goods may find it essential to purchase a truck. However, this acquisition can become a significant investment that requires careful consideration before making a decision. The two options available are buying or leasing a truck. In this article, we will explore the pros and cons of each option to help you make an informed choice. - read more
Interest Rates, Terms, and Fees: What to Look for in Commercial Vehicle Loans
Interest Rates, Terms, and Fees: What to Look for in Commercial Vehicle Loans
Choosing the right commercial vehicle loan is a pivotal decision for any business aspiring to expand its transportation capabilities. For many, commercial vehicles are integral to daily operations, and securing the best financial arrangement to acquire these assets can significantly impact the bottom line. - read more
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
Commercial vehicle loans in Australia are a vital component in the Continuum of the transportation and logistics industry. They provide businesses and individuals with the necessary funds to acquire trucks and other heavy vehicles critical for their operations. Understanding the nuances of these loans is imperative for anyone in the market for a commercial vehicle. - read more
The Ins and Outs of Commercial Truck Loans: A Buyer's Guide in Australia
The Ins and Outs of Commercial Truck Loans: A Buyer's Guide in Australia
Commercial trucks serve as the lifeblood of the Australian economy, providing vital links between industries and markets across the vast landscapes. The importance of these heavy-duty vehicles cannot be overstated, as they are pivotal in ensuring the smooth operation of both urban and rural businesses alike. Engaging in the commercial truck market is a significant investment, and understanding the ins and outs of financing such a purchase is crucial for business success. - read more
Essential Document Checklist for Truck Loan Approval: What You Need to Know
Essential Document Checklist for Truck Loan Approval: What You Need to Know
Getting the right truck loan can be essential for business owners who rely on commercial vehicles. These loans cover a variety of commercial vehicle types and are crucial for ensuring your business operations run smoothly. Truck loans, specifically, provide the necessary finances to purchase trucks, which are indispensable in industries like logistics and delivery services across Australia. - read more


Start Here

Get a free truck loan eligibility assessment and compare truck finance and leasing options without accessing your credit file!!
Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Escrow:
An arrangement in which a third party temporarily holds money or property until a particular condition has been met.