
OnDeck: An Excellent But Pricey Online Business Lender
OnDeck loans are easy to qualify for and fast to fund, but the cost of capital can be expensive.

OnDeck loans are easy to qualify for and fast to fund, but the cost of capital can be expensive.

This page includes information about the American Express® Business Line of Credit. The information about the American Express® Business Line of Credit has been collected by NerdWallet and has not been provided or reviewed by American Express. Some information may be outdated.

If you’re in search of a business term loan from an online lender, you’ll find other lenders with lower qualification minimums and faster funding times. But if you have your sights set on an SBA 7(a) loan and you don’t have great credit, consider iBusiness Funding.

Fundbox has some of the most accessible qualification requirements among online lenders. Plus its line of credit can help you build business credit. But interest rates run high and the repayment schedule is aggressive.

Currency connects borrowers who have fair or better credit and an established business with its network of lending partners to finance equipment purchases.

The Bluevine business line of credit is a strong option for short-term financing. Borrowers with bad credit and only one year in business may qualify. Plus, you can get funded in three days or less. But interest rates can be high compared with other online lenders. And weekly payments on short terms may be untenable for some businesses.

Compare lenders that may accept scores as low as 500, plus the best options by time in business, use case and funding speed.

Compare some of the best business loans with minimum annual revenue requirements of $50,000 or lower.

You can use an expansion loan to invest in your business’s growth. Compare top options including bank, SBA and online loans.

Franchise financing sources include banks, SBA lenders, online lenders, franchisors, as well as personal resources like 401(k) retirement accounts.