See RatesSecure site · Updated July 2026
- Loan amount
- $5K–$250K
- Starting rate
- 27.3% APR
- Min. time in business
- 1 year
- Funding speed
- As soon as same day
Why it stands out
OnDeck highlights
- Term loans up to $250K and lines of credit up to $100K
- Same-day funding available on approved term loans
- Loyalty benefits waive remaining interest when you prepay
- Reports to business credit bureaus to build your file
The verdict at a glance
Pros and cons
Pros
- Decision and funding often land within a single business day
- Works with credit scores as low as 625
- Transparent, fixed weekly or daily repayment schedule
Cons
- Rates run higher than a bank term loan
- Weekly or daily debits can strain thin cash flow
- Not available to sole proprietors in a few states
Our full review
Our take on OnDeck
OnDeck pairs term loans with a revolving line of credit and can wire funds the same day you sign. It rewards repeat borrowers with lower rates and prepayment benefits, which makes it a smart anchor for a business that borrows more than once.
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Figures shown are illustrative editorial examples and may change. Confirm current rates, fees, and terms on OnDeck’s own site before you apply.
The alternatives
How OnDeck compares
Other top-rated lenders in Business Loans. Compare the numbers side by side before you decide.
| # | Provider | Rating | Loan amount | Best for | |
|---|---|---|---|---|---|
| 1 | Bluevine | $6K–$250K | Businesses that want revolving capital | See Rates | |
| 2 | Fundbox | $1K–$150K | Newer businesses with limited history | See Rates | |
| 3 | Lendio | $1K–$5M | Owners who want to weigh many offers | Get Quote | |
| 4 | Fora Financial | $5K–$1.5M | Owners with weaker personal credit | See Rates |
- Bluevine4.8Best for Businesses that want revolving capital
- Fundbox4.6Best for Newer businesses with limited history
- Lendio4.5Best for Owners who want to weigh many offers
- Fora Financial4.3Best for Owners with weaker personal credit