OnDeck is the easier of the two to qualify for and the only one that publishes what it charges: a 53.2% average APR on term loans originated in the first half of 2026, for loans of $5,000 to $400,000 over up to 24 months with daily or weekly payments. Biz2Credit offers bigger amounts ($25,000 to $2 million) over longer terms (3 months to 5 years), but its term-loan page asks for at least $250,000 in annual revenue and a 650 credit score, and it publishes no rates. If your revenue is below $250,000, OnDeck is the realistic option of the two; if you need more than $400,000 or more than two years to repay, look at Biz2Credit.
This comparison draws on our full Biz2Credit review and OnDeck review, and it sits alongside the other head-to-heads in our lender reviews hub. Every figure below comes from each company’s own website unless we say otherwise.
Biz2Credit vs OnDeck at a glance
Figures checked on September 21, 2026. Pricing is shown exactly as each company quotes it.
| Biz2Credit | OnDeck | |
|---|---|---|
| Products | Term loans, revenue-based financing, line of credit, commercial real estate loans; SBA loans through participating banks | Term loans and lines of credit |
| Term loan amount | $25,000 to $2 million | $5,000 to $400,000 ($400,000 only for select customers) |
| Line of credit | Up to $500,000, 12-month term (not in all states) | $6,000 to $200,000; 12, 18 or 24 months |
| Term length | 3 months to 5 years | Up to 24 months |
| Pricing as quoted | No rate or APR published | Average APR 53.2% (term loans) and 59.8% (lines of credit), loans originated in the half-year ending June 30, 2026; origination fee 0% to 4% |
| Minimum credit score | 650 (term loan and line of credit); 575 (revenue-based financing) | 625 personal FICO |
| Minimum annual revenue | $250,000 on the term-loan page (the homepage says $100,000) | $100,000 |
| Minimum time in business | 12 months (the same page also says 15 months) | 1 year |
| Payment frequency | Fixed installments (frequency not stated) | Daily or weekly (term loans); weekly or monthly (lines) |
| Speed | Decision as fast as 24 hours | Same day if you finish before 10:30 a.m. ET, Monday to Friday; otherwise 2 to 3 business days |
| Who makes the loan | Itria Ventures LLC (Biz2Credit subsidiary) or Cross River Bank | OnDeck or Celtic Bank; owned by Enova since 2020 |
How each company is set up
OnDeck lends directly. Its loans are issued by “a member of the OnDeck family of companies or by Celtic Bank,” and your loan agreement names the lender before you sign (OnDeck). Enova International completed its acquisition of OnDeck on October 13, 2020 (Enova), so OnDeck is now one of Enova’s small-business brands.
Biz2Credit is a financing platform rather than a bank. Its own FAQ says “Biz2Credit is not a lender” and that revenue-based financing is provided by Itria Ventures LLC, a wholly owned subsidiary. Term loans are funded by Itria Ventures or by Cross River Bank, a New Jersey-chartered, FDIC-insured partner, and SBA loans are arranged through participating lender banks (Biz2Credit FAQ). In practice, then, Biz2Credit funds some deals through its own subsidiary and routes others to partners. You should check which entity is named on your agreement.
What each one costs
OnDeck publishes average APRs: 53.2% on term loans and 59.8% on lines of credit, for loans originated in the half-year ending June 30, 2026 (OnDeck term loans). It charges an origination fee of 0% to 4% (OnDeck FAQ). Its line of credit carries no annual, monthly or draw fees. If you pay a term loan off early, you either have all remaining interest waived or owe 75% of the remaining unpaid interest, depending on which prepayment option your loan has.
Biz2Credit does not publish a rate, APR or factor rate on its term-loan page (Biz2Credit term loan). It says there are no fees to apply, but “once your business is approved, there are fees associated with final closing,” withheld from the loan proceeds. That doesn’t mean Biz2Credit is more expensive. It means you can’t know the cost until you have an offer in hand.
A worked example (OnDeck only)
A side-by-side dollar example isn’t possible, because Biz2Credit gives no pricing to work from. OnDeck’s sample disclosure shows a $75,000, 12-month term loan with $73,125 disbursed, weekly payments of $1,889.42, a total loan cost of $25,125 (interest plus origination fee) and an APR of 61.34% (OnDeck loan comparison tool). Working it through: the $1,875 difference between the loan and the amount disbursed is a 2.5% origination fee, and 52 weekly payments come to $98,249.84. In total you pay about 33.5 cents per dollar borrowed over one year.
When you get a Biz2Credit offer, ask for the same four numbers: the amount disbursed after fees, the payment amount and frequency, the total repayment and the APR. Then you can line it up against OnDeck’s disclosure. Our guide to short-term vs long-term business loans explains why a longer term can lower the payment but raise the total cost.
Who qualifies
OnDeck minimums
- 625 personal FICO score, 1 year in business and $100,000 in annual revenue, plus a business checking account.
- OnDeck says a 675+ score, 2+ years in business, $250,000+ in revenue and a $3,000+ average monthly balance help an application.
- The $400,000 maximum goes only to “select customers with strong credit profiles and sufficient verified monthly revenue.”
- OnDeck does not lend to businesses in North Dakota.
Biz2Credit minimums
- Term loans: 650 credit score and at least $250,000 in annual revenue, according to the term-loan page. The homepage says “FICO of 650 and $100,000 in revenue”. The two pages give different figures, so confirm which applies before you apply.
- Time in business: the term-loan page says both “Minimum of 12 months” and “At least 15 months in operation”.
- Revenue-based financing: 575 credit score, $250,000+ in revenue and 1+ year in business (Biz2Credit RBF).
- Line of credit: 650 FICO, $250,000 average annual revenue over the last six months, 12 months in business (Biz2Credit line of credit).
Choose Biz2Credit if…
- You clear $250,000 in annual revenue and a 650 credit score.
- You need more than $400,000. Biz2Credit’s term loans go to $2 million, and its average term loan across 2025 transactions was $261,400.
- You want a term longer than two years (Biz2Credit goes up to 5 years).
- You would consider revenue-based financing, where payments move with your sales.
Choose OnDeck if…
- Your revenue is between $100,000 and $250,000, or your score is between 625 and 650.
- You need money quickly: same-day funding is possible if you finish before 10:30 a.m. ET on a weekday.
- You want to see a published average APR before you apply.
- Your cash flow can handle daily or weekly debits.
If neither fits, for example because your problem is slow-paying customers rather than a lack of capital, compare business term loans with invoice-based options before you commit.
Pitfalls to watch
- Daily or weekly payments. OnDeck term loans are repaid daily or weekly. If your receipts are lumpy, that is harder to manage than a monthly payment of the same total cost.
- Fees taken at closing. Both companies can deduct fees from the proceeds, so the amount you receive is less than the loan amount. Plan around the net figure.
- Prepayment terms differ by loan. On OnDeck loans with the standard option you still owe 75% of the remaining interest if you pay off early.
- Check the minimums. Biz2Credit’s own pages give different revenue and time-in-business thresholds. Ask the funding specialist which applies to you.
FAQ
Does Biz2Credit lend its own money, like OnDeck?
Not exactly. Biz2Credit describes itself as “not a lender”. Its loans are made by its subsidiary Itria Ventures or by Cross River Bank, and SBA loans go through participating banks. OnDeck lends itself or through Celtic Bank.
Which is cheaper, Biz2Credit or OnDeck?
There’s no way to say from published data. OnDeck publishes average APRs of 53.2% (term) and 59.8% (line of credit). Biz2Credit publishes no rates, so you can only compare once you have an offer. Ask for the APR in writing.
Does applying hurt my credit?
OnDeck says it runs a soft credit check on the business owner to decide eligibility. Biz2Credit’s term-loan and FAQ pages don’t say what kind of check it uses, so ask before you submit.
Can I get more than $400,000 from OnDeck?
No. OnDeck’s term loans top out at $400,000, and only select customers qualify for that amount. Biz2Credit’s term loans go up to $2 million.
Next step
If you want to see how offers from Biz2Credit, OnDeck and other lenders compare for your numbers, SMB Compass can help you compare offers from the lenders we work with. Start with our overview of small business loans, or read our Biz2Credit vs Lendio, OnDeck vs Bluevine and Lendio vs Fundbox comparisons.
Sources
- Biz2Credit: Term loan
- Biz2Credit: Homepage
- Biz2Credit: FAQs
- Biz2Credit: Revenue-based financing
- Biz2Credit: Line of credit
- 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.