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OnDeck vs. Credibly
OnDeck Publishes Clearer Loan Economics; Credibly Opens the Door to Weaker Credit
Both target businesses that value speed, but the qualification and pricing structures differ. OnDeck publishes clearer APR context; Credibly's direct products can accept lower credit scores but commonly use factor-rate pricing.
Reviewed 2026-08-29. Published requirements can change.
OnDeck
Choose OnDeck if you can meet its higher minimums and want term-loan or line-of-credit financing with more comparable published cost data.
Credibly
Choose Credibly if lower credit thresholds matter more and you are comfortable evaluating factor-rate and frequent-payment offers carefully.
Side-by-Side
| DETAIL | OnDeck | Credibly |
|---|---|---|
| Lender Type | Direct Lender | Direct Lender |
| Funding Range | $5K–$400K | $5K–$600K |
| Estimated APR | 29–99% | Not publicly stated |
| Minimum Credit | 625+ | 500+ |
| Annual Revenue | $100K/yr | $180K/yr |
| Time in Business | 1 year | 6 months |
| Funding Speed | Same day–3 business days | Same-day funding may be available |
| Repayment | Daily or weekly (term loan) · Weekly or monthly (line of credit) | Daily · Weekly · Monthly |
Verified Products
Shared product types: Term Loan, Line of Credit.
Before You Apply
The financing terms matter, but so does who receives your application and what contact consent you accept.
OnDeck
Application Path
Direct Lender
Contact Consent
OnDeck's current Terms of Use say that submitting contact information, registering, applying, or beginning an application can authorize contact by phone, text, email, or mail. The terms also describe automated/prerecorded marketing calls or messages; OnDeck states this marketing consent is not required as a condition of receiving credit or services and that applicants can contact OnDeck directly instead.
Third-Party Sharing
OnDeck's privacy policy says personal information may be shared with its parent/affiliates, third-party lenders, loan brokers, lead-generation partners, other business partners, service vendors, advertising vendors, and in specified legal or corporate transactions.
Opt-Out
Marketing email: use the unsubscribe link, account email preferences, or optout@ondeck.com. SMS: reply STOP (or use the published short-code instructions). California sale/share requests can be made through OnDeck's privacy-request path or toll-free privacy number. Other marketing/contact opt-outs can be requested through OnDeck as described in its privacy policy and terms.
Credibly
Application Path
Direct Lender
Contact Consent
Credibly's current privacy policy says it may market products or services by calls, text messages, ringless voicemail, automated dialing systems, artificial voices, or prerecorded messages.
Third-Party Sharing
Credibly may provide requested products or services through its network of external funding partners and may share information with service providers, affiliates, referral sources, investors, partners and vendors for the purposes described in its privacy policy.
Opt-Out
Promotional emails include opt-out instructions. Credibly also says users can update, remove or deactivate contact information through Customer Support; California residents have additional privacy-request rights.
BOTTOM LINE
The credit threshold may decide which one is realistic. If both are available, convert Credibly's factor-rate offer to APR before comparing it with OnDeck.
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