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OnDeck vs. American Express Business Line of Credit: Which is better?

American Express Blueprint, previously Kabbage, skips APRs for monthly fees instead — but OnDeck offers longer repayment terms.

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

OnDeckAmerican Express Business Line of Credit











Finder rating★★★★★ ★★★★★
Loan products offered
  • Secured term loans
  • Business line of credit
  • Business line of credit
Interest rates
  • Average 60.9% APR on term loans
  • Average 52.6% APR on lines of credit
  • Monthly fees rather than interest rates
Fees0% to 4% origination fees
  • No origination, annual, monthly maintenance or application fees
  • A loan fee is included in each monthly payment:
    • 3–9% for 6-month loans
    • 6–18% for 12-month loans
    • 9–27% for 18-month loans
Loan amounts
  • $5,000 to $250,000 for term loans
  • $100,000 for a line of credit
  • $2,000 to $250,000
Turnaround time
  • Instant for line of credit
  • 1 business day for term loans
  • 1–3 business days to process
Eligibility requirements
  • 12 months months in business
  • 625 Min FICO score
  • $100,000 annual business revenue
  • Business checking account
  • Three months’ bank balance statement
  • 12 months in business
  • 660 FICO Score
  • Valid checking account
  • 18 years of age or older
  • $36,000 in annual business revenue
Ratings
  • BBB star rating: A+
  • Trustpilot rating: 4.6
  • BBB star rating: Not accredited
  • Trustpilot rating: 1.5
State availabilityNot available in: Nevada, North Dakota, South Dakota
Pros
  • Flexible repayment terms
  • Customizable weekly or monthly payments for line of credit
  • Reductions for origination fee if renewing the loan
  • Must have average monthly revenue of $3,000, which is smaller than other competitors
  • Can have more than 1 loan with American Express at a time
Cons
  • Limits of $10,000 for instant daily draws unless using ACH
  • Not available in all 50 US states
  • Have to pay fees in each monthly payment
  • $100 late fee if the balance is greater than $5,000. Smaller late fees if balances less
  • Business performance is regularly analyzed to determine if your line of credit access should be suspended
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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.

1 - 6 of 6
Name Product Filter Values Min. Amount Max. Amount APR Requirements
Lendio business loans
Finder Score: 4.8 / 5: ★★★★★
Lendio business loans
$1,000
$5,000,000
Starting at 3%
Operate business in US or Canada for 6 months or more, have a business bank account, minimum 500 personal credit score, at least $50,000 in annual revenue
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Lendzi
Finder Score: 4.7 / 5: ★★★★★
Lendzi
$5,000
$2,000,000
Starting from 3.9%
525+ credit score, one year in business, at least $50,000 annual revenue
Compare lending options and get funded fast.
Fundible
Finder Score: 4.9 / 5: ★★★★★
Fundible
$1,000
$10,000,000
Rates start at 1% per month
500+ FICO score, $200,000 annual revenue, 6 months in business, most recent business bank statements
Same day approval
Nav business loans
Finder Score: 4.8 / 5: ★★★★★
Nav business loans
$500
$5,000,000
Varies by lender
550+ credit score
Get connected with personalized matches from over 100 lending options. Plus, get the best rates with the help of dedicated funding managers.
BusinessLoans.com
Finder Score: 4.4 / 5: ★★★★★
BusinessLoans.com
$5,000
$3,000,000
Varies by loan type and lender
Must have been in business between 1 to 2 years, have a minimum revenue of $75,000 to $250,000 and have a minimum credit score of 500 to 650.
Complete a three-minute form to see loans that fit your business’s needs. Compare offers without a hard credit check.
Fundera business loans
Finder Score: 4.9 / 5: ★★★★★
Fundera business loans
$2,500
$5,000,000
Varies based on lenders
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.
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Alternatives to OnDeck and American Express Blueprint Business Line of Credit

These lenders are similar to both OnDeck and American Express Blueprint Business Line of Credit:

  • Bluevine. Offers fast approval and funding.
  • SmartBiz business loans. Get loan amounts up to $500,000.
  • Finance Factory. Offers APRs as low as 0% for line of credit.

See how other lenders stack up

Want to learn how other lenders compare?

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