Australian mortgage and finance brokers now have more headroom to support small business clients, with online lender OnDeck Australia boosting the maximum limit on its “in minutes” Lightning Loans to $200,000.
The move raises the previous Lightning Loans cap from $175,000 to $200,000, widening the funding envelope for SMEs that need quick access to working capital or growth finance without lengthy documentation.
Under the enhanced structure, brokers can now offer:
Those product changes mirror a clear upswing in SME confidence and borrowing intent. OnDeck data shows SME loan applications jumped 42% year-on-year in Q4 2025, with expansion now the top funding purpose and WA, Queensland,and NSW leading the surge in growth-focused borrowing.
OnDeck Australia CEO Cameron Poolman (pictured) said continuous innovation in the lender’s credit decisioning has underpinned its ability to approve larger amounts at speed with minimal paperwork.
“We’ve continued to invest in our credit models to streamline how we assess risk,” Poolman said.
“That innovation means we can now approve higher loan amounts in minutes using just bank statement and credit bureau data. For brokers, it’s about removing friction, and for small businesses, it’s about giving them access to funds at the exact moment they’re ready to move.”
For brokers, the upgraded Lightning Loans and Lightning Loans Plus products position OnDeck as a fast, flexible funding partner that can sit alongside bank, asset finance, and mortgage solutions as demand for SME growth capital continues to build.
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