OnDeck Review (2026)
Best for newer trucking businesses needing working capital
Researched and fact-checked by the BestTruckingLoans Editorial Team from primary sources · Updated May 2026 · Advertising disclosure
Bottom Line
OnDeck fills a gap but comes at a price. Use it if Bluevine declines you and you need revolving credit quickly. The high APR makes it a last resort before MCA — better than an MCA, but not by as much as you'd hope. If you qualify for Bluevine, use Bluevine.
What Is OnDeck?
OnDeck is a well-known small business lender offering both term loans and lines of credit. For trucking, their line of credit is the most relevant product — it bridges cash flow gaps with same-day funding. The downside is the cost: OnDeck's APRs start at 29.9%, roughly 4–5x higher than Bluevine's best rates.
Who Is OnDeck Best For?
OnDeck is worth considering if you need working capital fast and don't qualify for Bluevine. If you have 625+ credit and 12+ months in business, always compare Bluevine first — it's almost always cheaper.
Pros & Cons
Pros
- ✓ Fastest line of credit — same-day funding
- ✓ 12 months in business minimum
- ✓ Easy online application
- ✓ No collateral required for LOC
Cons
- ✗ Rates are significantly higher than Bluevine (29.9%+ APR)
- ✗ $100K maximum — lower than Bluevine
- ✗ Only worth it if you don't qualify for Bluevine
How to Apply
Apply online in 10 minutes. Approval same day. Funding within hours of approval. OnDeck connects to your bank for revenue verification.
How OnDeck Compares
See how OnDeck stacks up against other lenders on our full lender comparison page. For loan type comparisons, see our trucking loan types guide.
Get Rate Quotes for OnDeck
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Quick Facts