This post was originally published on On Deck
When you’re searching for small business financing, choosing the right lender can make all the difference. Whether you’re looking for a fast process, flexible repayment terms or lower credit score requirements, it can pay to compare your funding options.
Comparing Small Business Lenders
Not all small business loan options or lenders are the same. Online fintech providers offer speed and accessibility, while traditional banks and SBA loans may offer lower interest rates — but with longer application, decision and funding processes.
But even online small business lenders have differences in loan amounts, credit limits, term lengths, repayment structure, eligibility, and revenue requirements.
OnDeck vs. Other Business Lenders1
Here are some important factors to consider — so you can see how OnDeck compares to other online small business lenders. Use this chart to help find the lender and products that are right for you.
OnDeck Bluevine Fundbox American Express Product Types Lines of credit (revolving)
Term loans
Lines of credit (revolving)
Term loans (via external partners)
Lines of credit (revolving) Lines of credit (revolving) Loan Amounts / Credit Limits Line of credit up to $200K
Term loan up to $400K
— Read the rest of this post, which was originally published on On Deck.
