OnDeck is one of the most established online lenders, known for term loans and business lines of credit. Here's a fair, side-by-side look so you can choose what actually fits your business.
| ShopFunders | OnDeck | |
|---|---|---|
| Funding model | Marketplace — we shop multiple funders for you | Direct online lender (lends its own capital) |
| Decision speed | Decision in 24 hours | Varies by file |
| Collateral / personal guarantee | Not required on core products | Generally requires a personal guarantee |
| Time in business | 6+ months | Often looks for 1+ year in business |
| Products | Working capital, term loans, lines of credit, equipment financing | Term loans, business lines of credit |
| Best for | Owners who want speed, options, and a real shot with shorter history or thinner credit | Established businesses with solid credit seeking a conventional term loan from one brand-name lender |
OnDeck is one lender with one credit box. We're a marketplace — one application gets shopped across multiple funders, so you compare real offers instead of taking a single answer.
When a single lender declines, you're done. When one funder in our network passes, we route your file to the next — newer or thinner-credit businesses often still get funded.
Decision in 24 hours, funding in as little as 24–72 hours after you sign. No credit check to apply — see your options.
If you've been operating for a few years with strong personal credit and want a straightforward term loan or revolving line from one well-known brand, OnDeck is a reputable, widely-reviewed choice.
This comparison reflects publicly available information about OnDeck and general industry positioning as of 2026. OnDeck's products, rates, and requirements change — confirm current terms on OnDeck's official website. OnDeck is an independent company and is not affiliated with or endorsed by ShopFunders. All trademarks belong to their respective owners.
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Apply in about 2 minutes. No collateral. No credit impact to apply. One application, multiple funders.
Apply Now →$10K+/mo revenue · No collateral · Funds in 24–72 hrs