Compare LendingTree vs. OnDeck Small Business Loans

What’s the difference between LendingTree Small Business Loans and OnDeck Small Business Loans? See how our editors compare the two companies below.
Last Updated: April 24, 2018
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LendingTree
9.2 / 10 - Excellent
#8 in Small Business Loans
OnDeck
9.6 / 10 - Excellent
#1 in Small Business Loans
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Key Facts

  • Small Business Loans for Everything You Need
  • Use for Cash Flow, Debt, New Equipment, Etc.
  • Great choice for Small Business Loans A- with the BBB 
  • Fill out a short form (less than 3 minutes) and save money by comparing up to 4 free offers
  • When banks compete, you win!
  • 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

 LendingTreeOnDeck
Loan Options10/109/10
Application Process9/1010/10
Rates & Fees10/1010/10
Reputation8/1010/10

Loan Options

Available Loan Types

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

Rates & Fees

SBA Loans

 LendingTreeOnDeck
Min APR
6.5%
Max APR
9.0%

Term Loans

Fees: Depends on chosen lender

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

Fees: Depends on chosen lender

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.

Invoice Financing

Fees: Depends on chosen lender

Equipment Loans

Fees: Depends on chosen lender

Application & Qualifications

 LendingTreeOnDeck
Online Application
Approval Time
Minutes
As fast as 24 hours
Funding Time
24-48 hours
As fast as 24 hours

Reputation

Customer Feedback

 LendingTreeOnDeck
TrustPilot Score
9.4 out of 10
9.4 out of 10
BBB Rating
A+
A+
BBB Positive Reviews
57
44
BBB Neutral Reviews
10
BBB Negative Reviews
54
20
Date Collected
2017-08-23
2017-08-23

Contact & Additional Information

 LendingTreeOnDeck
Homepage URL
Company Phone
(800) 310-1860
(888) 269-4264
Headquarters Address
11115 Rushmore Dr., Charlotte, NC, 28277
1400 Broadway, New York, NY, 10018
Year Founded
1997
2006

Final Verdict

OnDeck Small Business Loans has a higher overall rating than LendingTree Small Business Loans. OnDeck scores better than LendingTree across: Application Process, and Reputation. However, LendingTree scores better on Loan Options, and Rates & Fees.