OnDeck and Bluevine share the same 625 FICO floor and the same 12-month time-in-business minimum, but they suit different borrowers. OnDeck lends term loans of up to $400,000 as well as lines of credit, and it publishes its average APRs (53.2% on term loans, 59.8% on lines). Bluevine’s own product is a line of credit of up to $250,000 with rates advertised “as low as 7.8%”; its term loans and SBA loans come from partners. Choose OnDeck for a lump sum or a published cost benchmark. Choose Bluevine if you want a revolving line tied to a business checking account, and you’re an LLC or corporation.
For the full picture, read our OnDeck review and Bluevine review, or see every head-to-head in the lender reviews hub. Figures below come from each lender’s own site unless marked.
OnDeck vs Bluevine at a glance
Figures checked on September 21, 2026. Pricing is shown as each lender quotes it.
| OnDeck | Bluevine | |
|---|---|---|
| Products | Term loans; lines of credit | Line of credit (direct); term loans up to $500,000 and SBA 7(a) up to $350,000 through partners; business checking |
| Line of credit | $6,000 to $200,000; repay over 12, 18 or 24 months | $1,000 to $250,000; weekly over up to 52 weeks or monthly over 12 months |
| Term loan | $5,000 to $400,000; up to 24 months | Through lending partners, “not Bluevine” |
| 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 line of credit annual, monthly or draw fees | Rates “as low as 7.8%” for top qualifying customers (basis not stated); no maintenance fees; “additional fees apply” |
| Minimum credit score | 625 personal FICO | 625 FICO (weekly plan); 700 (monthly plan) |
| Minimum revenue | $100,000 a year | $10,000 a month / $120,000 a year; $80,000 a month for the monthly plan |
| Minimum time in business | 1 year | 12 months; 3 years for the monthly plan |
| Payment frequency | Daily or weekly (term); weekly or monthly (line) | Weekly or monthly |
| Speed | Same day if you finish before 10:30 a.m. ET on a weekday; otherwise 2 to 3 business days | Decision in as little as 5 minutes; draws in as fast as 24 hours, or instantly into Bluevine Business Checking |
| Excluded states | North Dakota | Nevada, North Dakota, South Dakota, U.S. territories |
| Lender of record | OnDeck or Celtic Bank (OnDeck is owned by Enova) | Celtic Bank |
Different business models
OnDeck is a direct small-business lender and has been part of Enova International since Enova completed its acquisition on October 13, 2020 (Enova). Its loans are issued by “a member of the OnDeck family of companies or by Celtic Bank” (OnDeck).
Bluevine started in lending but now leads with business banking. Its line of credit is issued by Celtic Bank. Its term loans “are offered by Bluevine’s lending partners, not Bluevine,” and its SBA 7(a) loans are offered with Fundera by NerdWallet (Bluevine business loans). If you apply to Bluevine for a term loan, you are effectively being referred to a partner lender.
What each costs
OnDeck is one of the few online lenders that publishes an average APR: 53.2% on term loans and 59.8% on lines of credit for loans originated in the half-year ending June 30, 2026 (OnDeck requirements). That’s an average, so your offer could be higher or lower. OnDeck adds an origination fee of 0% to 4% but charges no annual, monthly or draw fees on its line.
Bluevine advertises “interest rates as low as 7.8% for top qualifying customers” and “no maintenance fees,” with a footer note that “additional fees apply” (Bluevine line of credit). It doesn’t say whether 7.8% is simple interest or an APR. Bankrate calls it simple interest (Bankrate), and Forbes Advisor reports simple interest from 5.9% on the weekly plan and 7.8% on the monthly plan. Simple interest on a short line isn’t the same as an APR, so don’t set Bluevine’s 7.8% against OnDeck’s 53.2% as if they were the same measure.
Worked example: OnDeck’s own $75,000 disclosure
Bluevine doesn’t publish enough to cost a draw, so this example covers OnDeck only. 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). The $1,875 withheld is a 2.5% origination fee, and total repayment is $98,249.84, or about 33.5 cents of cost per dollar borrowed. To compare, ask Bluevine for the total repayment and APR on a draw of the same size, then set the two side by side.
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.
Who qualifies
OnDeck
- 625 personal FICO, 1 year in business, $100,000 annual revenue and a business checking account (OnDeck).
- A 675+ score, 2+ years in business, $250,000+ revenue and a $3,000+ average monthly balance improve your chances.
- Only select customers qualify for the $400,000 maximum.
Bluevine
- Weekly plan: 625+ FICO, 12+ months, $2,000 average monthly balance, $10,000+ monthly revenue (Bluevine Help Center).
- Monthly plan: 700+ FICO, 3+ years, $10,000 average balance, $80,000+ monthly revenue.
- Corporation or LLC only, with no bankruptcies. Sole proprietors don’t qualify.
Choose OnDeck if…
- You need a lump sum: OnDeck term loans run from $5,000 to $400,000.
- You’re a sole proprietor or partnership and can’t use Bluevine’s line.
- You operate in Nevada or South Dakota, where Bluevine’s line isn’t available.
- You want a published average APR to benchmark offers against.
Choose Bluevine if…
- You want a revolving line of up to $250,000 and only want to pay for what you draw.
- You bank with Bluevine or want instant draws into Bluevine Business Checking.
- You qualify for the monthly plan (700+ FICO, 3+ years, $80,000+ a month) and prefer monthly payments.
- You may want an SBA 7(a) loan later through Bluevine’s partner.
Pitfalls to watch
- Frequent debits. OnDeck term loans are repaid daily or weekly, and Bluevine’s standard plan is weekly. Map the payments against your cash flow.
- Comparing different rate measures. OnDeck’s 53.2% is an average APR; Bluevine’s 7.8% is a best-case rate with no stated basis. Ask both for the APR on your offer.
- Early payoff. Depending on its prepayment option, an OnDeck loan may still require 75% of the remaining interest if paid off early.
- Partner products. A Bluevine term loan is made by a partner lender, so its pricing and terms come from that partner.
FAQ
Is OnDeck or Bluevine easier to qualify for?
They share a 625 FICO and 12-month minimum. OnDeck’s revenue floor is $100,000 a year, Bluevine’s is $10,000 a month ($120,000 a year), and Bluevine also requires a corporation or LLC and a $2,000 average balance.
Does Bluevine offer term loans?
Only through partners. Bluevine says its term loans, up to $500,000, “are offered by Bluevine’s lending partners, not Bluevine.”
Which funds faster?
Both can be fast. OnDeck can fund the same day if you complete checkout before 10:30 a.m. ET on a weekday. Bluevine can deliver approved draws in as fast as 24 hours, or instantly into a Bluevine checking account.
Who owns OnDeck?
Enova International, which completed its acquisition of OnDeck in October 2020.
Next step
If you’d like to compare OnDeck or Bluevine 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 OnDeck alternatives and Bluevine vs Fundbox.
Sources
- 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)
- Bluevine: Line of credit
- Bluevine: Business loans
- Bluevine Help Center: Line of credit repayment plans and requirements
- Bluevine Help Center: Credit line ranges
- Bankrate: Bluevine review (updated Aug 25, 2026)
- Forbes Advisor: Bluevine review (Mar 2026)
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.