If you’re searching for OnDeck vs Kabbage, the Kabbage side of the comparison is now the American Express Business Line of Credit. The two suit different borrowers. OnDeck offers term loans of up to $400,000 and lines of up to $200,000, and publishes its average APRs. The Amex line runs from $2,000 to $250,000, is repaid monthly and is priced as a monthly loan fee, but it asks for a higher credit score (660 vs 625). It asks for much less revenue: $3,000 a month against OnDeck’s $100,000 a year.
For more detail on each lender, read our OnDeck review and our American Express Business Line of Credit review, or browse every comparison in the lender reviews hub. Figures below come from each lender’s own website.
What happened to Kabbage?
Kabbage no longer operates as a separate brand. It became part of American Express, and its small-business line of credit is now offered as the American Express Business Line of Credit, managed through Amex Business Blueprint. American Express’s own help center tells former Kabbage customers that “to access your account, you will need to create an American Express User ID and password,” signing in with “the email address and password that was associated with your Kabbage account” (American Express Business Blueprint help center). The loans are now issued by American Express National Bank.
OnDeck vs Amex Business Line of Credit at a glance
Figures checked on September 21, 2026. Pricing is shown as each lender quotes it.
| OnDeck | Amex Business Line of Credit (formerly Kabbage) | |
|---|---|---|
| Products | Term loans; lines of credit | Line of credit; each draw becomes a loan |
| Line of credit | $6,000 to $200,000; repay over 12, 18 or 24 months | $2,000 to $250,000 (initial lines over $150,000 for select customers only) |
| Term loan | $5,000 to $400,000; up to 24 months | Not offered as a separate product |
| Repayment | Term: daily or weekly. Line: weekly or monthly | Monthly; installment draws over 6, 12, 18 or 24 months |
| Pricing as quoted | Average APR 53.2% (term) and 59.8% (line), loans originated in the half-year ending June 30, 2026; origination fee 0% to 4%; no annual, monthly or draw fees on the line | Monthly loan fee of 0.55% to 1.55% of the amount borrowed (terms and conditions); no APR published |
| Minimum credit score | 625 personal FICO | 660 FICO (may be higher) |
| Minimum revenue | $100,000 a year | $3,000 average monthly revenue |
| Minimum time in business | 1 year | 1 year |
| Speed | Same day if you finish checkout before 10:30 a.m. ET on a weekday; otherwise 2 to 3 business days | 1 to 3 business days to post; immediate into Amex Business Checking |
| Early payoff | Term: all remaining interest waived (100% prepayment option) or 75% of remaining interest owed | Installment draws: fees not yet posted are not charged |
| Lender of record | OnDeck or Celtic Bank (OnDeck is owned by Enova) | American Express National Bank |
How each one prices credit
The two lenders quote cost in different ways, so it helps to know what each measure means. An APR (annual percentage rate) expresses the full yearly cost of borrowing, including fees, as a percentage. A monthly loan fee is a flat percentage of the amount you borrow, charged each month the loan is open. A monthly fee isn’t an APR, so the two numbers can’t be compared directly without some arithmetic.
OnDeck: published average APRs
OnDeck publishes its averages: 53.2% APR on term loans and 59.8% APR on lines of credit, based on loans originated in the half-year ending June 30, 2026 (OnDeck requirements). Your own offer could be higher or lower. OnDeck charges an origination fee of 0% to 4% (OnDeck FAQs), and says its line of credit has no annual, monthly or draw fees (OnDeck line of credit).
Amex: a monthly loan fee
The Amex terms and conditions say “the monthly loan fees may range from 0.55% to 1.55% of the total amount borrowed,” charged each month along with a portion of the principal (Amex Business Line of Credit terms). The Blueprint help center gives the cost as a total fee for each term instead: 3% to 9% of the amount borrowed for 6-month loans, 6% to 18% for 12-month loans, 9% to 27% for 18-month loans and 12% to 18% for 24-month loans. It also lists single-repayment loans of 1, 2 or 3 months with total fees of 0.95% to 1.80%, 1.90% to 3.75% and 2.85% to 6.05%. Amex gives two sets of figures, so confirm which applies to your offer.
To put the monthly fee on an APR footing, we ran the numbers ourselves. Assuming a 12-month installment draw repaid in equal monthly principal payments, a fee of 0.55% a month works out to roughly 12% APR, and 1.55% a month to roughly 33% APR. That is our estimate, not a figure Amex publishes, so ask for the APR and total repayment on your actual offer.
Worked example: OnDeck’s own $75,000 disclosure
OnDeck’s sample disclosure shows a $75,000, 12-month term loan: $73,125 disbursed after fees, 52 weekly payments of $1,889.42, a total loan cost of $25,125 and an APR of 61.34% (OnDeck loan comparison tool). On the same $75,000 over 12 months, the Amex fee range works out to $4,950 (at 0.55% a month) to $13,950 (at 1.55% a month) in total fees, by our calculation. Neither figure is a quote: the rate you are offered depends on your credit and your business, so ask both lenders for the total repayment on the same amount and term.
Who qualifies
OnDeck
- 625 personal FICO, 1 year in business, $100,000 in annual revenue and a business checking account (OnDeck).
- A 675+ score, 2+ years in business, $250,000+ in revenue and a $3,000+ average monthly balance improve your chances.
- OnDeck does not lend to businesses in North Dakota.
Amex Business Line of Credit
- A FICO score of at least 660 at the time of application; Amex notes the required score “may be higher based on your relationship with American Express, credit history, and other factors” (Amex Business Line of Credit).
- Recent average monthly revenue of at least $3,000, and a business started at least a year ago. You must be at least 18.
- Not all industries are eligible. All loans require a personal guarantee and are secured by assets of the borrower.
In short, OnDeck accepts a lower credit score, and Amex accepts much lower revenue. A newer, smaller business with good personal credit may fit Amex better; a larger business with a 625 to 659 score may fit OnDeck better.
Choose OnDeck if…
- You need a lump sum: OnDeck term loans run from $5,000 to $400,000, and Amex offers only a line.
- Your credit score is between 625 and 659.
- You want same-day funding and can finish checkout before 10:30 a.m. ET on a weekday.
- You want a published average APR to benchmark offers against.
Choose the Amex Business Line of Credit if…
- Your revenue is below OnDeck’s $100,000 minimum but at least $3,000 a month.
- You prefer monthly payments to daily or weekly debits.
- You have a 660+ score and want a flat monthly fee you can see before you draw.
- You already bank or hold cards with American Express and want draws deposited immediately into Amex Business Checking.
Not sure whether you need a lump sum or a revolving line? Our guide to lines of credit vs term loans walks through the difference.
Pitfalls to watch
- Comparing different measures. OnDeck’s 53.2% and 59.8% are average APRs; Amex’s 0.55% to 1.55% is a monthly fee. Ask both for the APR and total repayment on the same amount and term.
- Early payoff rules differ. Repaying an Amex installment draw early means fees that haven’t posted aren’t charged, but repaying a single-repayment loan early “will not reduce the loan fee.” An OnDeck term loan may still require 75% of the remaining interest, depending on the prepayment option.
- Frequent debits. OnDeck term loans are repaid daily or weekly. Map those payments against your cash flow before you sign.
- Line size. Amex says only select customers receive initial lines over $150,000, and OnDeck says only select customers qualify for its $400,000 maximum.
FAQ
Is Kabbage still in business?
Not under its own name. Kabbage became part of American Express, and former Kabbage customers now sign in with an American Express User ID. The line of credit is offered as the American Express Business Line of Credit.
Is OnDeck or Amex easier to qualify for?
It depends on your profile. OnDeck’s credit minimum is lower (625 vs 660), but its revenue minimum is much higher ($100,000 a year vs $3,000 a month). Both ask for a year in business.
Does applying affect my credit score?
OnDeck says it performs a soft credit check on the business owner when determining eligibility. Amex’s line of credit page doesn’t address this, so ask Amex before you apply.
Who owns OnDeck?
Enova International, which completed its acquisition of OnDeck on October 13, 2020 (Enova).
Next step
If you’d like to compare OnDeck or Amex offers with others, SMB Compass can help you compare options from the lenders we work with. Start with our business line of credit page, or read Bluevine vs Amex Business Line of Credit and OnDeck alternatives.
Sources
- American Express: Business Line of Credit
- American Express: Business Line of Credit terms and conditions
- American Express: Business Blueprint help center
- OnDeck: Loan eligibility requirements
- OnDeck: Business term loans
- OnDeck: Business line of credit
- OnDeck: FAQs
- OnDeck: Loan comparison tool (sample disclosures)
- Enova: Enova Completes Acquisition of OnDeck (Oct 13, 2020)
About this page. Written by Ezra Cabrera, Content Team Lead at SMB Compass. Figures were checked against each lender’s own website on September 21, 2026; lenders change their terms, so confirm current terms before you apply, and let us know if you spot a figure that has changed. SMB Compass is a business financing broker: we don’t lend our own money, and we are paid by the lenders we place loans with. This page is general information, not financial, legal or tax advice.