Flexible and convenient access to working capital.
Lines of credit up to $100K.
A business line of credit is a type of funding that allows you to borrow from a set amount of money. You’re given a credit limit, and within it you can draw what you need, when you need it. You only pay interest and fees on what you borrow.
Compared to a term loan, a business line of credit is typically used to cover recurring business expenses or bridge cash flow gaps. With ZhyDen, you replenish your available funds as you repay what you borrow. This is known as a revolving business line of credit. To help you build your credit, we report your payment history to the business credit bureaus.
lines of credit from $6K - $100K
repayment term, resets after each withdrawal
customizable weekly payments
Withdraw what you need, when you need it. You’ll only be charged interest on the funds you draw.
Get the funds you need with in a week
We report to business credit bureaus, which helps build business credit with on-time payments.
Our application is pretty simple, and you can apply online or over the phone.
Your dedicated loan advisor will review your options with you
Complete the online checkout and receive your funds as soon as the same day*
1 Year
550
$100k
Yes
ZhyDen's term loan can fund to your bank account by 5 p.m. the same day you’re approved.† In comparison, standard ACH transfers from a bank can take up to three business days.
Many OnDeck Term Loan customers renew their loan. When you renew, all remaining interest on the original term loan is waived and you’re issued a new loan. You’ll also get a lower origination fee — as low as 0%.1
Yes. If you qualify for our 100% prepayment benefit option, you can pay your loan off early in full and have all remaining interest waived without any penalty or fee.‡
Payments for ZhyDen’s term loan are fixed, so you’ll pay the same amount from the beginning to the end of your repayment term. This allows you to manage your cash flow with no surprises or large costs up front.
Repaying your term loan is hassle free with automatic bank account deductions. The predictable daily or weekly payment is based on your loan amount and term length. It’s intended to be manageable based on your application information.
Business term loans are a type of business funding in which a lump sum of cash is issued to a borrower (business owner) and repaid on a regular schedule over a predetermined period of time, known as the loan term. These loans typically consist of daily, weekly or monthly payments that last from a few months to a few years. The regularly scheduled payments are usually for a fixed amount.
The repayment period for business term loans can range from a few months to 10 years or more. Larger term loan amounts will usually take a business longer to repay. Small business loans that have term lengths on the shorter side (typically 12 months or less) are commonly referred to as short-term business loans. Term loans with longer term lengths may be known as long-term business loans.
ZhyDen doesn’t offer “bad credit loans.” However, a lower credit score doesn’t always mean you can’t qualify for business financing. Our business term loans and lines of credit can provide an alternative source of funding for borrowers who have had difficulty getting approved for credit cards and traditional bank loans.
* Same Day Funding is only available in certain states, for term loans up to $100K. Eligibility window is Monday-Friday before 10:30am EST. If checkout is done before 10:30am EST, funds will be available by 5pm local time the same day. If checkout is done after 10:30am EST, or on a weekend or bank holiday, it will not qualify for Same Day Funding and funds will be deposited within 2-3 business days. Eligibility rules around creditworthiness and length of term loan apply.
Eligibility 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 ZhyDen. The average rate for term loans is 60.9% APR and the average rate for lines of credit is 52.6% APR. Averages are based on loans originated in the half-year ending March 31, 2023.
