OnDeck Alternatives:
Why FundLocal Is Your Best Choice
See how FundLocal stacks up against OnDeck for small business loans, lines of credit, and equipment financing. Side-by-side feature comparison with real rates and terms.
- No broker commissions
- Same-day pre-approval
- Rates from 6.5% APR
- Equipment financing available
- No prepayment penalties
- Dedicated funding advisor
- Multiple lender matching
- Lines of credit up to $250K
- 1-3 day approval
- Rates from 29.9% APR
- Online self-service
- Lines of credit up to $100K
- Broker fees may apply
- No equipment financing
- Prepayment penalties on some products
- Single lender (OnDeck only)
Lower Rates, No Hidden Fees
FundLocal matches you with competing lenders to drive down your rate. OnDeck offers a single product at their set price. Our borrowers save an average of 8-12% APR compared to OnDeck's published rates.
More Product Options
OnDeck offers term loans and lines of credit. FundLocal adds equipment financing, SBA loans, and revenue-based financing to the mix — giving you the right tool for your specific situation.
Multiple Lender Competition
When lenders compete for your business, you win. FundLocal's network of 75+ lenders means you get multiple offers to compare. OnDeck gives you one option: theirs.
No Broker Commissions
FundLocal never charges broker fees or origination commissions. OnDeck's origination fees range from 0-4% depending on the product, adding thousands to your borrowing cost.
Case Studies
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Frequently asked questions
Find answers to common questions about our financing solutions for your industry. Can't find what you're looking for? Contact our industry specialists.
Need more support?
Our industry specialists are here to help you with any questions or concerns.