I was in need of capital for equipment purchase. I could have paid cash but didn't want to spend all my liquid assets. I found my way to "On Deck" by seeing a commercial and noticed it was owned by a Shark on the Shark Tank show. After hearing how she struggled to start her own business I was sure that this company was in the small business owners corner. Mistake #1 nothing could be further then the truth. The person who sold me this loan told me after I voiced my concern that they were essentially charging me almost 30% interest. That I shouldn't worry because after 6 months of "good" payment history they would convert my loan into a line of credit with a much reduced interest rate, Mistake #2. When I asked for this conversation I was told they couldn't extend that service to me. When they explained my terms they conveniently skipped that even if I paid the loan off early which is what I'm going to do, they still get 75% of the interest they would have gotten if I kept the loan for its duration(12 months). These people are a piece of work!! I recommend to stay far away from this company!!!!! BUYER BEWARE!!!!!!!!