Why doesn't every business just take OnDeck?

Approval rate. OnDeck's bar (12+ months, 600+ credit, $100K+ annual revenue) excludes many smaller or newer merchants who can still get a Credibly MCA.

Does OnDeck still work with brokers?

Yes, but the entry bar for brokers is high (2+ years and $1M+/month MCA volume per public materials). Smaller brokers can't easily route to OnDeck — most merchants go direct.

Is a Credibly MCA cheaper than an OnDeck term loan?

Almost never on APR-equivalent. The MCA is cheaper only on speed, qualification bar, and total complexity.

OnDeck vs Credibly — honest comparison 2026

Both fund small businesses. They solve different problems. Here's the honest side-by-side, then five use-case verdicts so you don't have to guess.

The specs

OnDeckCredibly

Product typeMulti-productMulti-product

Amount range$5K – $400K (term); $6K – $200K (LOC)$5K – $600K

Cost (factor / APR)Term APR 27%+; LOC APR 30%+Factor 1.11+ (MCA); APR varies (term)

Speed to fundSame-day for approved filesAs fast as 4 hours

Min time in business12 months6 months

Min monthly revenue$8,000$15,000

Min credit score600+550+

Products

Term loan
LOC

MCA
Working capital LOC
Short-term term loan

Verdicts by use case

Cheapest cost of capital if you qualify — Winner: OnDeck. An OnDeck term loan at 27% APR over 24 months will land cheaper than a Credibly MCA at 1.30 factor for the same dollar amount.
Fast funding (sub-24 hours) — Winner: Credibly. Credibly funds in as fast as 4 hours on clean files. OnDeck same-day funding requires approved + verified status.
Larger deal size ($300K+) — Winner: OnDeck. OnDeck term loans go to $400K. Credibly tops out at $600K MCA — but underwriting at that size is rare.
Newer business (6–12 months) — Winner: Credibly. Credibly will look at 6+ month businesses. OnDeck requires 12+ months.
Recurring capital need — Winner: Tie. Both offer LOC products. Compare APR-equivalent on actual offers.

The honest takeaway

OnDeck and Credibly solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.

Frequently asked questions

Why doesn't every business just take OnDeck?: Approval rate. OnDeck's bar (12+ months, 600+ credit, $100K+ annual revenue) excludes many smaller or newer merchants who can still get a Credibly MCA.
Does OnDeck still work with brokers?: Yes, but the entry bar for brokers is high (2+ years and $1M+/month MCA volume per public materials). Smaller brokers can't easily route to OnDeck — most merchants go direct.
Is a Credibly MCA cheaper than an OnDeck term loan?: Almost never on APR-equivalent. The MCA is cheaper only on speed, qualification bar, and total complexity.