OnDeck short-term loans
Finder Rating: 4.6 / 5 ★★★★★
OnDeck is an online lender that offers business LOCs and short-term loans. It has similar credit requirements and low-doc application process to Fundbox. However, OnDeck advertises that it can transfer some draws within seconds or minutes. It also offers a credit limit of $250,000 — much higher than Fundbox's $150,000.
While its starting rates are high at 29.9% APR, it's less expensive than Fundbox — though still more costly than a traditional LOC. Quick funding can be great in tough spots, but watch out for those high rates.
Loan amount | $5,000 – $250,000 |
---|---|
APR | 29.9% to 99.9% |
Min. Credit Score | 625 |