OnDeck vs. American Express® Business Line of Credit: Which is better?

Small businesses with fair to good credit can benefit from American Express business line of credit, previously Kabbage, which offers no interest rates or maintenance fees. OnDeck, on the other hand, provides fast funding, shorter repayment horizons and a lower credit score threshold.

OnDeck vs. American Express Blueprint Business Line of Credit: A quick comparison

OnDeck vs. American Express Blueprint Business Line of Credit: Which one’s better?

OnDeck may work best for larger businesses with a lower credit profile that seek business expansion, equipment purchase or want to hire employees.

American Express Blueprint Business Line of Credit is best for borrowers with higher credit scores who need day-to-day coverage.

OnDeck may be a more competitive solution due to its higher customer ratings and quick turnaround times.

When to consider OnDeck

OnDeck is compatible with borrowers who want:

• Diversity of experience. OnDeck reports it has worked with 700 types of businesses, such as restaurants, auto repair shops and healthcare professionals, offering $15 billion in collective funding.
• Faster turnaround loan times. OnDeck promises funding instantly for its line of credit and one business day for its small business loans.
• Flexible payment schedules. Borrowers can customize their payments to a weekly or monthly schedule.
• A higher-rated lender. OnDeck boasts Trustpilot ratings nearing 5 stars, while American Express Blueprint Business Line of Credit is rated below 2 stars.

When to consider American Express Blueprint

American Express Blueprint Business Line of Credit is a good option for businesses that prefer:

• Baked in monthly fee vs. interest rate. If you prefer a fee built into your monthly loan payments versus an interest rate, American Express may fit the bill.
• More than one loan. You can have more than one loan up to your approved line of credit.
• Geographical flexibility. While OnDeck is limited in its geographical accessibility, American Express offers its line of credit to borrowers in all 50 US states and territories.

The similarities

Both American Express Blueprint Line of Credit and OnDeck offer similar amounts for lines of credit and business loans. But these lenders differ in almost every other way.

Compare other business loans

Compare up to four lenders side-by-side to see how they stack up.

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Updated regularly

Product USFBL	Finder Score	Min. Amount	Max. Amount	APR	Requirements
Olympus Business Capital	Finder score 9 Excellent	$500	$250,000	Not stated	Been in business for 6 months registered with the state, active and open bank account in business name, have $10,000 of revenue each month	No credit needed. Funding up to $250,000 with a variety of finance options to best fit your business needs.	Go to site Compare	loading Fetching your data...
Lendio business loans	Finder score 9.6 Excellent	$1,000	$10,000,000	Varies by lender	Operate business in US or Canada for 6 months or more, have a business bank account, minimum 520 personal credit score, at least $8,000 in monthly revenue.	Submit one simple application to potentially get offers from a network of over 75 legit business lenders.	Go to siteMore Info Compare	loading Fetching your data...
Fundera business loans	Finder score 8.6 Great	$2,500	$5,000,000	Varies based on lenders	$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months	Get connected with short-term funding, SBA loans, lines of credit and more.	Go to siteMore Info Compare	loading Fetching your data...
Fora Financial business loans	Finder score 8.8 Great	$5,000	$1,500,000	Varies	6+ months in business, $25,000+ gross monthly sales, no open bankruptcies	Get qualified for funding in minutes for up to $1,500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.	Go to siteMore Info Compare	loading Fetching your data...
National Funding business loans	Finder score 9.6 Excellent	$5,000	$500,000	Undisclosed	In business 6+ months and make at least $250,000 in annual sales. Other loan types have additional requirements.	Working capital loans and equipment financing, some high-risk industries may be eligible.	Go to site Compare	loading Fetching your data...
American Express® Business Line of Credit	Finder score 8 Great	$2,000	$250,000	N/A	Minimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000	Access lines of credit for your small business even if you aren't currently an Amex customer.	Go to siteMore Info Compare	loading Fetching your data...

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Alternatives to OnDeck and American Express Blueprint Business Line of Credit

These lenders are similar to both OnDeck and American Express Blueprint Business Line of Credit:

• Bluevine. Offers fast approval and funding.
• SmartBiz business loans. Get loan amounts up to $500,000.
• Finance Factory. Offers APRs as low as 0% for line of credit.

See how other lenders stack up

Want to learn how other lenders compare?

• OnDeck vs. Prosper
• LoanBuilder vs. OnDeck
• Fundera vs. Lendio
• Bluevine vs. Fundbox
• Fundbox vs. American Express Line of Credit

To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Dhara Singh

Writer

Dhara Singh was a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances. Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely. Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University. See full bio