While OnDeck pioneered online business lending, modern alternatives now offer faster approval, transparent pricing, and innovative underwriting that better serve today's small businesses. With an increasing share of SMBs going directly to non-bank lenders and many dissatisfied with traditional loan terms, the market demands better solutions. Resolve's net terms platform leads this evolution by reducing merchant risk through non-recourse advances on approved invoices, while providing fast credit decisions and upfront cash flow.
Resolve stands out as the premier OnDeck alternative by fundamentally reimagining B2B financing through embedded payments and non-recourse risk management. Rather than offering traditional business loans with high APRs and personal guarantees, Resolve provides a comprehensive platform that addresses the root causes of cash flow challenges for B2B companies.
Key Features:
Why Resolve Outperforms OnDeck for B2B Companies:
OnDeck’s eligibility typically includes minimum credit score, revenue, and time-in-business thresholds, while charging average APRs that can be significantly higher. In contrast, Resolve's B2B focus means qualification is based on your customers' creditworthiness, not your own financial history. This paradigm shift is crucial for the many small businesses that don't apply for financing because they believe they'll be denied.
Resolve's accounts receivable automation streamlines the entire credit-to-cash workflow, reducing days sales outstanding (DSO) and accelerating cash flow without manual overhead. The platform's LLM-powered invoicing workflow automatically syncs transactions across systems, while AI agents manage payment reminders and collections.
The business credit check service provides personalized assessments free of charge, requiring only your customer's business name and address with results within 24 business hours. This eliminates the lengthy application processes that frustrate the majority of SMB owners who expect each financing stage to take one business day or less.
Unlike OnDeck's rigid daily or weekly repayment requirements, Resolve's model aligns with natural B2B payment cycles. Your customers maintain their net terms relationships while you receive immediate cash flow. This preserves customer relationships and eliminates the cash flow strain of fixed loan payments during slow business periods.
Resolve currently serves thousands of businesses and advances on invoices from approved customers within 24 hours. The platform's experts—formerly of Amazon, PayPal, and Fortune 500 firms—deliver deeper credit insights than traditional bureaus, enabling better risk assessment and higher approval rates.
SBA loans provide a traditional alternative to OnDeck with significantly lower interest rates and longer repayment terms, though they come with slower approval processes and stricter requirements.
Key Characteristics:
When SBA Loans Make Sense:
SBA financing works best for established businesses with strong credit histories and longer-term capital needs. The SBA approved over 70,000 loans for approximately $31.1 billion in recent years, showing continued government support for small business growth.
For businesses needing immediate working capital, the SBA's typical 30-90 day approval timeline is too slow. However, for major investments like equipment purchases or real estate acquisitions, the lower rates and longer terms can provide significant savings over time.
Fundbox offers revolving lines of credit up to $150,000 with flexible repayment terms, serving as an alternative for businesses that need ongoing access to working capital.
Platform Features:
Cost Considerations:
Fundbox charges fees that can translate to effective APRs exceeding 35%. While this may be lower than OnDeck's average APR, it's still significantly higher than Resolve's transparent flat fees of approximately 2.61-3.5%.
Fundbox works best for businesses with predictable cash flow that can manage weekly repayments. However, the platform's focus on short-term financing doesn't address the fundamental B2B payment cycle challenges that Resolve solves through net terms automation and accounts receivable management.
Revenue-based financing (RBF) is experiencing explosive growth, with the global market projected to increase significantly in coming years. This model provides an alternative to traditional term loans by allowing repayment as a percentage of future revenue.
How RBF Works:
Ideal Use Cases:
RBF works best for businesses with recurring revenue streams, such as subscription services or e-commerce companies with consistent sales patterns. The model's flexibility makes it attractive to the majority of small businesses citing rising costs as their top financial challenge, as payments automatically adjust when expenses impact revenue.
However, RBF doesn't address B2B-specific challenges like managing net terms, accounts receivable, or customer credit risk. For B2B companies, Resolve's embedded net terms solution provides more comprehensive cash flow management while maintaining customer relationships.
Microloans and CDFIs serve businesses that don't qualify for traditional financing, including startups and underserved communities. Organizations like Accion and Grameen America provide loans typically under $50,000 with more flexible requirements.
Key Benefits:
Limitations:
While microloans provide crucial access to capital for businesses excluded from traditional lending, they don't scale with business growth. The typical $50,000 maximum loan amount is insufficient for businesses with significant working capital needs or growth ambitions.
For B2B companies, Resolve's ability to advance on approved invoices provides scalable financing that grows with sales volume, making it a more sustainable long-term solution than fixed microloan amounts.
Equipment financing allows businesses to acquire essential assets while preserving working capital. This specialized lending focuses on the equipment's value as collateral rather than the business's overall creditworthiness.
Key Features:
When to Choose Equipment Financing:
This option works well for businesses making significant equipment investments, especially when the equipment directly generates revenue. The equipment financing market is seeing steady expansion, driven by businesses investing in automation and modernization.
However, equipment financing addresses only specific capital needs and doesn't solve ongoing working capital challenges. For comprehensive cash flow management, B2B companies benefit more from Resolve's integrated platform that handles credit, invoicing, collections, and payment processing.
The best OnDeck alternative depends on your business model, financing needs, and growth stage:
For B2B Companies: Resolve provides the most comprehensive solution by addressing the fundamental challenge of B2B payment cycles. Instead of taking on debt with high APRs, you offer net terms to customers while receiving immediate cash flow.
For Established Businesses with Long-Term Needs: SBA loans offer lower rates and longer terms for major investments, though with slower approval.
For Businesses with Recurring Revenue: Revenue-based financing provides flexible repayment that adjusts with sales volume.
For Equipment Purchases: Specialized equipment financing preserves working capital while acquiring essential assets.
For Startups and Underserved Businesses: Microloans and CDFIs provide access to capital when traditional lenders won't help.
The market shift is clear: an increasing majority of small businesses now go directly to non-bank lenders, and many have no strong preference for where they get loans. This creates enormous opportunity for digitally-native platforms like Resolve that prioritize speed, transparency, and customer experience over traditional banking relationships.
For B2B businesses, Resolve's net terms platform is often easier to qualify for because approval is based on your customers' creditworthiness, not your own. Traditional lenders like OnDeck require a 625 credit score, but Resolve evaluates your buyers using proprietary AI models that analyze thousands of data points beyond traditional credit scores. This serves the many SMBs who don't apply for financing because they believe they'll be denied.
While traditional lenders require revenue history, B2B startups can use Resolve's platform to offer net terms to their customers and receive advances on approved invoices. This creates a revenue-generating cycle where you can fulfill orders without upfront capital, making it possible to start and scale a B2B business without traditional loan requirements or personal credit reliance.
Resolve provides funding within 24 hours of invoice approval, addressing the majority of SMBs who prefer online applications and expect each financing stage to take one business day or less. Traditional alternatives like SBA loans take 30-90 days, while other online lenders typically fund within 1-3 days. Resolve's speed advantage comes from AI-powered underwriting that eliminates manual review processes.
OnDeck requires a minimum 625 credit score, while SBA loans typically require 680+ for the best terms. However, Resolve doesn't require a specific credit score from the merchant because qualification is based on your customers' creditworthiness. This fundamental difference makes Resolve accessible to businesses that might not qualify for traditional financing due to credit challenges or limited operating history.
Traditional invoice factoring requires selling your invoices at a discount and typically involves recourse liability if customers don't pay. Resolve provides non-recourse financing with transparent flat fees (approximately 2.61-3.5%) where you retain control of customer relationships. Unlike business loans that create debt obligations with fixed repayments, Resolve's model aligns with natural B2B payment cycles while eliminating merchant risk.
This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.