Compare Kabbage vs. OnDeck Small Business Loans

What’s the difference between Kabbage Small Business Loans and OnDeck Small Business Loans? See how our editors compare the two companies below.
Last Updated: January 16, 2018
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Kabbage
9.3 / 10 - Excellent
#2 in Small Business Loans
OnDeck
9.6 / 10 - Excellent
#1 in Small Business Loans
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Key Facts

  • Best for companies 1+ year in business & at least $4,200 per mo in revenue
  • Revolving line of credit up to $150,000!
  • Apply online and get a decision right away
  • No hidden fees, pay only when you access your line for the amount you take
  • Monthly payments with no origination fees or prepayment penalties
  • Friendly support representatives
  • Our #1 Choice: A+ BBB Rating - 9.4 of 10 on TrustPilot
  • Largest Small Business Online Lender - 50k+ Customers
  • Loans up to $500k, and Lines of Credit up to $100k
  • Decision in minutes - no obligation
  • Funding in as fast as 24 hours
  • Must have 100k in revenue, minimum 12 mo in business, 500+ Fico

OVERALL RATINGS

 KabbageOnDeck
Loan Options9/109/10
Application Process10/1010/10
Rates & Fees9/1010/10
Reputation10/1010/10

Loan Options

Available Loan Types

 KabbageOnDeck
SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Business Lines of Credit

 KabbageOnDeck
Min Loan Amount
$2,000
$5,000
Max Loan Amount
$150,000
$100,000
Min Term Length
6 months
6 months
Max Term Length
12 months
6 months
Repayment Terms
Kabbage withdraws minimum monthly payments automatically. You can also make manual payments at anytime.
Fixed weekly payments

Rates & Fees

Term Loans

Fees: One-time fee to cover cost of servicing and processing the loan: * 1st loan: 2.5-4% of loan amount * 2nd loan: 1.25-3% of loan amount * 3rd+ loan: 0-3% of loan amount

Lines of Credit

 KabbageOnDeck
Min. APR
20.0%
13.99%
Max APR
80.0%
39.9%

Lines of Credit

Fees: $20 monthly maintenance fee, which is waived for 6 months if you draw $5,000 or more in the first five days of opening your account. There are no fees to draw money.

Application & Qualifications

 KabbageOnDeck
Online Application
Approval Time
10 minutes
As fast as 24 hours
Funding Time
A few minutes to several days
As fast as 24 hours
Min. Years In Business
1 year(s)
1 year(s)
Min. Annual Revenue
$50,000
$100,000
Additional Qualification Requirements
Connect Bank Account
Personal Guarantee
Lien
No Recent Bankruptcies
Connect Bank Account

Reputation

Customer Feedback

 KabbageOnDeck
TrustPilot Score
9.3 out of 10
9.4 out of 10
BBB Rating
A+
A+
BBB Positive Reviews
16
44
BBB Negative Reviews
3
20
Date Collected
2017-08-23
2017-08-23

Contact & Additional Information

 KabbageOnDeck
Homepage URL
Company Phone
(888) 986-8263
(888) 269-4264
Headquarters Address
925B Peachtree Street NE, Atlanta, GA, 30309
1400 Broadway, New York, NY, 10018
Mailing Address
925B Peachtree Street NE, Atlanta, GA, 30309
1400 Broadway, New York, NY, 10018
Year Founded
2009
2006

Final Verdict

OnDeck Small Business Loans has a higher overall rating than Kabbage Small Business Loans. OnDeck scores better than Kabbage across: Loan Options, Rates & Fees, and Reputation. Both companies score similarly on Application Process.