Biz2Credit vs OnDeck: Which Lender Is Better for Your Business? (2026)

Biz2Credit and OnDeck are two of the most recognized names in alternative small business lending. They are often searched alongside merchant cash advance providers — but an important fact to understand upfront: neither is a traditional MCA lender today.

Biz2Credit calls its primary working-capital product “revenue-based financing” and operates as both a direct lender and a marketplace. OnDeck exited the merchant cash advance market in 2020 following its acquisition by Enova International and now offers only APR-based term loans and lines of credit.

This comparison covers how each product actually works, what you will pay, and which fits your business — with honest notes on where these products differ from a traditional MCA.

What Each Company Actually Offers

Biz2Credit is a New York-based lending platform founded in 2007. It operates as a hybrid: part direct lender (its revenue-based financing and some term loans are funded directly), part marketplace (it connects applicants to a network of partner lenders for other products). Its product menu includes revenue-based financing, term loans, lines of credit, commercial real estate-secured loans, and SBA loan matching. It has reportedly funded billions of dollars to more than 250,000 businesses.

OnDeck is one of the oldest technology-driven small business lenders, founded in 2006 and publicly traded before its 2020 acquisition by Enova International. Since that acquisition, OnDeck focuses exclusively on APR-based term loans and lines of credit underwritten through its proprietary OnDeck Score system. It does not offer merchant cash advances.

Side-by-Side Comparison

Data sourced from provider directory entries, verified as of 2026. Terms vary by business and are subject to change — confirm current offers directly with each provider.

A Critical Note on Product Type

Before comparing costs, it helps to understand what you are actually getting.

Biz2Credit’s revenue-based financing shares structural characteristics with a merchant cash advance: repayment is tied to a percentage of daily or weekly deposits, and pricing uses a factor rate (the multiplier on the advance amount). However, Biz2Credit explicitly markets it as “revenue-based financing” rather than an MCA, and the company operates as a marketplace where different partner lenders have different terms. What this means in practice: the factor rates estimated at 1.14–1.45 are based on third-party reviews, not published figures from Biz2Credit — verify your actual terms before signing.

OnDeck is not an MCA provider. It offers fixed-term loans with APR-based pricing (29.9%–97.3%) and revolving lines of credit (29.9%–65.9%). Repayment comes as fixed daily or weekly ACH payments, not a variable holdback tied to revenue. If you are specifically shopping for a traditional merchant cash advance — with a factor rate, variable holdback, and no fixed maturity — OnDeck is not the right comparison.

Cost Comparison

Biz2Credit Revenue-Based Financing

Because Biz2Credit does not publish its factor rates, cost comparison requires getting an actual offer. Third-party reviews estimate the range at 1.14–1.45. On a $100,000 advance:

• At 1.14: $14,000 finance charge (total repayment: $114,000)
• At 1.30: $30,000 finance charge (total repayment: $130,000)
• At 1.45: $45,000 finance charge (total repayment: $145,000)

Add origination fees of 0–5% depending on the partner lender, and verify whether other administrative or underwriting fees apply. Use the MCA calculator to convert factor rates to an APR for comparison once you have a real offer.

OnDeck Term Loans and Lines of Credit

OnDeck publishes its APR ranges, which is a meaningful advantage for comparison shopping. On a $100,000 term loan:

• At 29.9% APR over 24 months: approximately $32,700 in total interest
• At 65% APR over 12 months: approximately $36,800 in total interest
• At 97.3% APR over 12 months: approximately $55,300 in total interest

Add an origination fee of 2.4%–4% (lower for repeat borrowers). OnDeck loans carry fixed daily or weekly payments — the daily obligation doesn’t flex with your revenue the way an MCA holdback does, which means predictability but also rigidity in a down month.

Qualification Requirements

Biz2Credit is accessible to businesses with a 575+ credit score for revenue-based financing — somewhat lower than OnDeck’s threshold. However, its $250,000 annual revenue minimum is significantly higher than most direct MCA providers ($100,000–$180,000 is common). Businesses under 12 months old, or with annual revenue below $250,000, will generally be turned away from its primary product.

OnDeck requires a 625+ credit score and 1+ year in business, with a preference for 2+ years. Its proprietary OnDeck Score — which analyzes cash-flow patterns, deposit consistency, and operating history — often weighs more heavily than the FICO score itself. Businesses with strong, consistent deposits tend to score well; seasonal or irregular businesses tend to score poorly, even with adequate revenue.

Funding Speed

OnDeck’s automated underwriting is faster: approval in 24–48 hours and funding in 1–3 business days. Biz2Credit’s process — particularly for larger amounts that go through partner lenders or commercial real estate products — typically takes 3–7 business days from approval to funding, with some products requiring extensive documentation upfront (6–12 months of bank statements, tax returns, financial statements).

If speed is the primary reason you are considering either lender, OnDeck is the stronger choice between the two. For same-day or 24-hour funding, neither is the fastest option — direct MCA providers such as Forward Financing or Everest Business Funding typically fund faster.

Product Breadth: Biz2Credit’s Advantage

Biz2Credit’s clearest advantage is product range. Its platform can access:

• Revenue-based financing ($25,000–$2,000,000)
• Term loans ($25,000–$1,000,000)
• Lines of credit (up to $500,000)
• Commercial real estate-secured loans ($250,000–$6,000,000)
• SBA loan matching ($30,000–$5,000,000)

For a business that wants to compare multiple product types with a single application, or that needs commercial real estate-backed capital, Biz2Credit’s marketplace reach is a genuine differentiator. OnDeck’s product menu is narrower: two products, both APR-based, with a $250,000 cap.

The FTC Settlement: A Note on Biz2Credit

In March 2024, Biz2Credit and its subsidiary Itria Ventures agreed to pay $33 million to settle Federal Trade Commission charges. The FTC alleged the company deceptively advertised that emergency PPP loan applications would be processed in an average of 10–14 business days when actual processing routinely took over a month, with tens of thousands of applicants waiting more than two months. The settlement was entered without an admission of liability. This settlement is publicly documented and should be weighed when evaluating the company alongside positive customer reviews and its long track record.

When to Choose Each Lender

Choose Biz2Credit if:

• You need more than $250,000 in working capital
• You want to compare multiple product types (revenue-based, term, LOC, CRE) with one application
• Your credit score is between 575 and 624 (below OnDeck’s threshold)
• You have $250,000+ in annual revenue and 12+ months in business
• You are interested in SBA loan matching alongside alternative financing

Choose OnDeck if:

• You value transparent, published APR pricing rather than factor rates
• You have 1+ year in business with consistent, predictable revenue deposits
• You have a 625+ credit score and your OnDeck Score will work in your favor
• You want fixed daily or weekly payments (rather than a revenue-variable holdback)
• You need up to $250,000 and want funding in 1–3 business days

Consider a direct MCA provider instead if:

• You specifically need a traditional factor-rate advance with a revenue-based holdback
• Your business is under 12 months old
• Your annual revenue is below $100,000
• You need same-day or 24-hour funding

Browse the full provider list at /directory for direct MCA lenders.

The Bottom Line

Biz2Credit and OnDeck are both legitimate, established small-business lenders — but neither is a traditional merchant cash advance provider. Biz2Credit’s revenue-based financing shares MCA characteristics but lacks published pricing transparency; OnDeck is a fully APR-based lender that hasn’t offered MCAs since 2020.

For the right business, both are worth a quote. Get the actual offer from each, compare the total dollar cost (advance × factor rate for Biz2Credit; principal + APR-driven interest for OnDeck), factor in the origination fee, and pick the one whose cost and cash-flow fit work best for you.

Learn More

• Biz2Credit full review
• OnDeck full review
• Credibly vs OnDeck comparison
• How to calculate the true cost of an MCA
• MCA calculator
• Browse all providers

Ready to Compare Your Options?

Browse every provider side by side, calculate your total cost, then apply when you are ready to move forward.