Bluevine offers the best rates (from ~7.8% simple interest per term, roughly 20–50% APR) and lines up to $250,000 for businesses with 12+ months of history and $120K+ annual revenue. Fundbox is the right call for newer businesses (as young as 3 months) or lower FICO scores (600+), and now also reaches $250,000. OnDeck sits in the middle — flexible 12–24 month terms with no draw fees, but rates that typically run higher than Bluevine. All three are unsecured with no collateral required.
Online business lines of credit have made capital genuinely accessible for small businesses that can’t wait 4 weeks for a bank approval. But OnDeck, Fundbox, and Bluevine each make different tradeoffs — on cost, eligibility, and repayment structure. Applying to the wrong one wastes time and adds a hard credit pull you didn’t need.
This guide lays out the key differences so you can match the right product to your situation in five minutes.
Head-to-Head: Key Specs at a Glance
| Feature | OnDeck | Fundbox | Bluevine |
|---|---|---|---|
| Credit limit | $6,000–$200,000 | Up to $250,000 | $5,000–$250,000 |
| APR range | 39.60%–99% | 36%–99% | ~20%–50% (rates from 7.8%) |
| Min FICO | 625 | 600 | 625 (700+ for 12-mo term) |
| Min time in business | 1 year | 3 months | 12 months |
| Min annual revenue | $100,000 | $100,000 | $120,000 |
| Funding speed | Same day / 24 hrs | Next business day | Same day / 24 hrs |
| Repayment terms | 12, 18, or 24 months | 12 or 24 weeks | 6 months (weekly) or 12 months (monthly) |
| Collateral required | None | None | None |
| Draw fees | None | None | None |
| Origination fee | None | None | None |
| Prepayment penalty | None | None | None |
All three are unsecured, revolving lines — draw what you need, repay, repeat. None charge draw or origination fees, which means the advertised rate is close to the real cost (unusual in this market).
OnDeck Line of Credit
OnDeck is one of the largest online small-business lenders in the U.S., and their line of credit is designed for established businesses that want flexible terms and quick access without the collateral requirements of a bank.
What it costs: APR starts at 39.60% and averages around 57.10%. That’s high relative to traditional financing, but in line with or cheaper than many MCAs and short-term loans. The advantage over Fundbox’s weekly-fee model is that OnDeck’s longer repayment terms (12, 18, or 24 months) spread repayment out significantly, keeping weekly payments manageable on larger draws.
Who qualifies: You need a personal FICO of 625, at least one year in business, and $100,000 or more in annual revenue. OnDeck does a soft credit pull for pre-qualification, so you can check rates without affecting your score.
Repayment: Weekly or monthly payments on outstanding draws. The 12-to-24-month term window is the widest of the three — Fundbox caps at 24 weeks and Bluevine at 12 months. If you need time to repay, OnDeck’s longer terms reduce the payment pressure.
The tradeoff: Rates are consistently higher than Bluevine. If you qualify for Bluevine, you’ll almost certainly pay less there.
OnDeck is best for: Businesses with 1+ years of history, fair credit (625–679), and a need for longer repayment terms on draws above $50,000.
Fundbox Line of Credit
Fundbox built its product around speed and accessibility — the 3-month minimum time in business is effectively the lowest bar of any mainstream online lender, and the application connects directly to your accounting software or bank account for a quick decision.
What it costs: Rather than a traditional interest rate, Fundbox charges a flat weekly fee. For a 12-week repayment term, the fee starts at 4.66% of the draw amount. For a 24-week term, it starts at 8.99%. On a $10,000 draw with a 12-week term at the starting rate, you’d pay $466 in fees — about $872/week total. APR equivalent ranges from 36% to 99% depending on your profile and term.
Be clear about the repayment window: 12 or 24 weeks is fast. A $50,000 draw on a 24-week term at the 8.99% starting fee means $4,495 in fees and roughly $2,271 per week in total payments. That’s only viable if your revenue can sustain it. This is a gap-financing tool, not a long-term credit facility.
Who qualifies: The lowest bar of the three — 600 FICO, 3 months in business, and $100,000 in annualized revenue. Fundbox is essentially the only one of these three that a brand-new business can realistically access.
No fluff fees: No origination, no prepayment penalty, no maintenance fees. If you repay early, you stop accruing fees — so paying off a 12-week draw in 6 weeks saves you roughly half the fee.
Fundbox is best for: Businesses under 12 months old, borderline credit scores (600–624), or owners who want to pay off a draw quickly and minimize total fees.
Bluevine Line of Credit
Bluevine is the most competitive of the three on cost, and its $250,000 ceiling ties Fundbox for the highest in this group. The eligibility bar is tighter — 12 months in business and $120,000 in annual revenue — but if you clear it, Bluevine is typically the first place to apply.
What it costs: Rates start at 7.8% simple interest per term (equivalent to roughly 20%–50% APR), significantly lower than OnDeck’s floor. Top-qualifying borrowers see rates well below what OnDeck or Fundbox can offer for the same profile. The exact rate is calculated based on your credit, revenue, and time in business.
Two repayment structures: Bluevine offers a 6-month term with weekly payments (minimum 625 FICO) and a 12-month term with monthly payments (minimum 700 FICO). The monthly option makes cash flow management easier for businesses with lumpy revenue — payroll-service businesses, contractors, and anyone billing on net-30 or net-45 terms.
The revenue floor matters: $120,000 in annual revenue — $10,000/month — is a real screen. Businesses doing $8,000 or $9,000 per month won’t qualify and are better served by Fundbox or OnDeck.
Bluevine is best for: Established businesses (12+ months), revenue of $120K+, FICO of 625 or higher — anyone who can qualify should apply here first for the best rates.
Which Should You Choose?
The right lender depends almost entirely on your situation:
You’re a newer business (under 12 months): Only Fundbox works. OnDeck and Bluevine both require a year of history.
Your FICO is 600–624: Fundbox is your realistic option here. OnDeck and Bluevine both require 625 minimum.
You want the lowest rate and you qualify: Apply to Bluevine first. If you meet the 12-month and $120K revenue requirements with a 625+ FICO, Bluevine’s rates are typically 15–30 percentage points lower than OnDeck’s.
You need a large draw (over $150,000): Both Bluevine and Fundbox reach $250,000 (Fundbox expanded from $150,000 in 2025). OnDeck tops at $200,000. For large draws, Bluevine is cheaper if you meet their rate requirements — Fundbox is the fallback for borrowers with 3–11 months in business or sub-625 FICO.
You need long repayment terms: OnDeck’s 24-month option gives you the most time to repay a large draw with manageable weekly payments.
You want to repay quickly and minimize total cost: Fundbox’s flat-fee model rewards fast payoff — you stop accruing fees the moment you repay, with no prepayment penalty.
Your revenue is $100K–$119K/year: Bluevine won’t approve you. OnDeck and Fundbox both accept $100K minimum.
For a deeper look at how revolving lines work, what they cost, and when to use them instead of a term loan, see our Business Lines of Credit guide and the line of credit vs. term loan comparison. If your credit score rules out all three, the bad credit business loans guide covers lenders who work below 600.
Frequently Asked Questions
What credit score do I need for OnDeck, Fundbox, or Bluevine?
Which has the best interest rates — OnDeck, Fundbox, or Bluevine?
Can a startup or new business get a line of credit from these lenders?
How fast do OnDeck, Fundbox, and Bluevine fund?
What's the difference between Fundbox's weekly-fee model and APR?
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