OnDeck and Lending Club specialize in providing simple financial solutions to small business owners searching for a loan to help them keep their businesses running smoothly. This OnDeck VS Lending Club comparison is designed to help you make a wise choice and pick the company that offers more attractive borrowing opportunities and more reasonable terms.
Designing our comparison process, we were guided by threeprimary concerns – we wanted the results to be completely objective, reliable, and easy to understand. That is why this comparison is based on 7 simple, strict, and carefully selected criteria: optimized application process, speed of approval, reasonable rates and fees, fair repayment terms, geographical coverage, transparency, and credibility. The companies receive scores on all individual criteria, based on which the final score is calculated. The company with the higher total score is considered to provide amore favorable offer and thus represents the winner of the comparison.