OnDeck Review
Term loans with same-day funding
9.2/10
Ranked #3 of 5 in Business Loans
Check eligibility Takes you to ondeck.com
Quick facts
- Loan amounts
- $5K – $250K
- Time to fund
- Same day available
- Min. time in business
- 12 months
- Min. credit score
- 625
Our verdict
Bottom line: OnDeck pioneered online term lending and it shows: underwriting is fast, pricing is upfront, and repeat borrowers get fee discounts. A strong pick when speed matters more than the absolute lowest rate.
Pros and cons
Pros
- Among the fastest funding we tested
- Clear pricing disclosure
- Builds business credit
Cons
- Rates above bank loans
- Daily/weekly repayments on some terms
Who OnDeck is best for
Fast term loans for established businesses.
- Same-day funding available
- Loyalty benefits on renewals
- Transparent total cost
How OnDeck compares
Our current top pick for business loans is Lendio. Here is how they line up:
| Measure | OnDeck | Lendio |
|---|---|---|
| Editorial score | 9.2/10 | 9.6/10 |
| Loan amounts | $5K – $250K | $1K – $5M |
| Time to fund | Same day available | 24–72 hours |
| Min. time in business | 12 months | 6 months |
See the full business loans comparison for everything we measured.
How we chose
Every business loans provider here gets the same treatment: the BusinessShop research team scores it on five weighted factors, the weights are published, and no provider can pay to move up. Commissions never touch the math.
- 30% Pricing & value
- 25% Product quality
- 20% Customer experience
- 15% Reputation
- 10% Flexibility
More business loans reviews
- Lendio review 9.6/10
- Bluevine review 9.4/10
- Biz2Credit review 9.0/10
- Fundbox review 8.8/10