Earlier this week, On Deck Capital launched a new way for small businesses to quickly access loans up to $25,000.

Here’s how it works:

“Business owners set up their online profile at www.ondeckcapital.com and immediately get free insights into their credit profile and cash position. The On Deck Express application and approval process is completely automated, and once approved the business owner is empowered to select from available term and loan options that best meet their business needs. From there, On Deck’s funding process enables a business owner who is approved Monday morning to have their funds deposited in their account by Tuesday.”

For small businesses that need more funding, On Deck provides loans up to  $150,000 in up to seven days.