On Deck Alternative: Top Choices for Small Business Capital

Launched in 2007, OnDeck has been a prominent player in connecting Main Street businesses – such as restaurants, retailers, and other service providers – directly to vital capital. Their proprietary technology platform leverages data aggregation and electronic payment analysis to assess the financial health of small businesses, enabling them to access the funding they need to grow. While OnDeck has delivered billions in capital and earned extensive press coverage, many businesses explore an On Deck alternative for various reasons, including specific loan types, eligibility criteria, or preferred features.

Top On Deck Alternatives

If you're seeking financing for your small business and looking beyond OnDeck, several reputable platforms offer diverse solutions to meet your capital needs. Here are some of the best On Deck alternatives that provide tailored services for businesses like yours.

LendingClub

Lending Club is the world’s largest online marketplace connecting borrowers and investors, making it a strong On Deck alternative. It operates on a commercial platform and offers features like investment opportunities and online banking, providing a comprehensive financial ecosystem for both individuals and businesses. Available on iPhone.

cafeloans

Cafe Loans offers a streamlined approach to getting restaurants the working capital they need to grow. As a web-based platform, it focuses specifically on the hospitality industry, providing a targeted On Deck alternative for restaurant owners seeking quick and efficient funding.

Earnest

Earnest is a technology-enabled lender that rewards financially responsible people with better rates than traditional lenders. This web-based platform is a compelling On Deck alternative for businesses with strong financial health seeking more favorable loan terms and a modern lending experience.

Upstart

Upstart is an online lending platform that uses data to bring together high-potential borrowers and investors, offering a smarter loan experience. This web-based On Deck alternative stands out with its use of crowdfunding features, allowing a broader range of businesses to access capital based on their potential, not just traditional credit scores.

Vouch

With Vouch loans, you are more than a credit score, as you create a network of people who sponsor you. This unique On Deck alternative allows users to sponsor people they trust and invite others to sponsor them, democratizing access to capital. Vouch is available across various platforms including Web, Android, iPhone, Android Tablet, and iPad, making it highly accessible.

The landscape of small business financing is diverse, offering many excellent choices beyond OnDeck. We encourage you to explore these top On Deck alternative options to find the platform that best aligns with your business's unique financial needs and growth objectives.