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Funders make the credit decisions. We compare their offers and show you what each one costs. Funders pay us when a deal funds, never you upfront.

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Head to head · Term loans

IOU Financial vs OnDeck

Both publish a price, which few funders we track do. Here's how the rest of their terms compare.

IOU Financial is a direct funder based in Atlanta, GA; OnDeck is a direct funder. Both offer term loans and lines of credit. Everything below comes from each funder's own website, with the date we checked it on each profile.

Side by side

IOU Financial

Type
Direct funder
Amounts
$15K–$10M
Min. credit
600+
Time in business
1 year
Min. revenue
$10,000/mo
Price
Rate 1.5%–4% Term loan, per month
Speed
As little as 24 hours

OnDeck

Type
Direct funder
Amounts
$5K–$400K
Min. credit
625+
Time in business
1 year
Min. revenue
Not published
Price
Average APR 53.2% Term loan
Speed
As soon as the same day
From each funder's own website. Research, not partnerships. Both offer: term loans, business line of credit.

What's different

The differences that change your decision

Funding amounts

IOU Financial: $15,000 to $10 million. OnDeck: $5,000 to $400,000.

Published minimums

IOU Financial lists a 600 credit score, 1 year in business and $10,000 a month in revenue. OnDeck lists a 625 credit score and 1 year in business.

Price

IOU Financial: a rate of 1.5% to 4% (per month) on term loans. OnDeck: an average APR of 53.2% on term loans.

Product range

Only IOU Financial lists working capital, equipment financing and invoice factoring.

Which fits

Choose based on your file

IOU Financial may fit if

Consider IOU Financial if your credit score is between 600 and 625, you need more than $400,000 and you need working capital.

Full IOU Financial profile

OnDeck may fit if

Consider OnDeck if its published criteria match your file and its products fit what the money is for.

Full OnDeck profile

Whichever you're considering, compare the dollar cost and estimated APR of real offers, not the published minimums. Compare offers side by side.

One application, many funders

Get offers from both, and more

Apply once. We match you with funders whose criteria fit, you approve each one, and every offer comes decoded side by side.

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