Small businesses with fair to good credit can benefit from American Express business line of credit, previously Kabbage, which offers no interest rates or maintenance fees. OnDeck, on the other hand, provides fast funding, shorter repayment horizons and a lower credit score threshold.
OnDeck vs. American Express Blueprint Business Line of Credit: A quick comparison
OnDeck vs. American Express Blueprint Business Line of Credit: Which one’s better?
OnDeck may work best for larger businesses with a lower credit profile that seek business expansion, equipment purchase or want to hire employees.
American Express Blueprint Business Line of Credit is best for borrowers with higher credit scores who need day-to-day coverage.
OnDeck may be a more competitive solution due to its higher customer ratings and quick turnaround times.
When to consider OnDeck
OnDeck is compatible with borrowers who want:
Diversity of experience. OnDeck reports it has worked with 700 types of businesses, such as restaurants, auto repair shops and healthcare professionals, offering $15 billion in collective funding.
Faster turnaround loan times. OnDeck promises funding instantly for its line of credit and one business day for its small business loans.
Flexible payment schedules. Borrowers can customize their payments to a weekly or monthly schedule.
A higher-rated lender. OnDeck boasts Trustpilot ratings nearing 5 stars, while American Express Blueprint Business Line of Credit is rated below 2 stars.
When to consider American Express Blueprint
American Express Blueprint Business Line of Credit is a good option for businesses that prefer:
Baked in monthly fee vs. interest rate. If you prefer a fee built into your monthly loan payments versus an interest rate, American Express may fit the bill.
More than one loan. You can have more than one loan up to your approved line of credit.
Geographical flexibility. While OnDeck is limited in its geographical accessibility, American Express offers its line of credit to borrowers in all 50 US states and territories.
The similarities
Both American Express Blueprint Line of Credit and OnDeck offer lines of credit and business loans up to $250,000 if you qualify. But these lenders differ in almost every other way.
Compare other business loans
Compare up to four lenders side-by-side to see how they stack up.
Dhara Singh was a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances.
Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely.
Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University. See full bio
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