Overview
OnDeck
$500k
1 Day
N/A
N/A
Undisclosed
Funding Circle
$500k
1 Day
N/A
N/A
16 Years
Ratings
OnDeck
Funding Circle
Reviews
OnDeck
Reviews
Funding Circle
Reviews for OnDeck
Helpful Favorable Review
Craig Fetter
December 26th, 2019
Baltimore, MD
DETAILS
I dealt with Scott. Very knowledgable. He is great on follow through and follow up. I am very pleased with his abilty to serve my short and longer term needs. Highly recommend. And I have used a few competitors.
Helpful Critical Review
FRED SHAPIRO
August 15th, 2019
Watertown, MA
never informed that i would be charge $4000.00 over and above the high interest rate charged for a loan. sneaky and deceitful.will never be able to deal with your firm again.I WILL ALSO LET THE WORLD KNOW THAT YOU HAVE CHEATED A 87 YEAR OLD MAN WITH CANCER AND HEART DISEASE OF AN EXTRA 4% ON A LOAN. VERY DISTURBING SITUATION.
Reviews for Funding Circle
Helpful Favorable Review
Helpful Critical Review
Lee Ford
March 2nd, 2022
Kirksville, MO
DETAILS
If I could give them a NEGATIVE 10 star rating I would! We started out great then due to COVID shutdown I was unable to work for several months. EVERY OTHER LENDER allowed us to add the overdue charges to the end of the loan. Funding Circle NOPE!! They "Are a privately held company and need their payments too" I have been getting calls ALL the time and the late fees......... STAY AS FAR AWAY FROM THESE PEOPLE AS HUMANLY POSSIBLE!!!!!
The Final Word
When taking into account loan types and loan amounts, OnDeck and Funding Circle seem evenly matched.
But where overall trust, customer satisfaction, and loan attainability are so crucial, OnDeck comes more highly recommended overall by borrowers via the company's record of customer reviews.
Loan Types
OnDeck offers both short-term and long-term loans as well as lines of credit.
Funding Circle offers more loan products including term loans, SBA loans, lines of credit, invoice factoring, and Merchant Cash Advance (MCA).
Maximum Loan Amount
OnDeck offers both short-term and long-term loans up to $500,000.
Funding Circle term loans range from $5,000 to $500,000.
OnDeck business lines of credit go up to $100,000.
Funding Circle lines of credit range from $6,000 to $250,000.
Availability
OnDeck does not lend to small business owners businesses in Nevada, North Dakota, or South Dakota.
Funding Circle loans are available in all states except Nevada.
Eligibility Requirements
Funding Circle requires two years in business and a personal FICO credit score of at least 660 for business owners.
OnDeck's requirements are less stringent, requiring only one year in business and no minimum credit score. However, the higher your credit score, the more likely you are to be approved and the better the terms of the loan.
