Alvara Capital vs. OnDeck Capital
An honest side-by-side comparison to help you choose the right business funding partner.
At a Glance
One of the largest and most established online small-business lenders in the U.S. Offers term loans and lines of credit with a heavy focus on borrowers with established credit.
Alvara Capital
Direct lender- Amount range$10,000 – $1,000,000
- Time in business6 months minimum
- Monthly revenue$10,000+
- Min credit scoreNone required
- Funding speedSame day to 24 hours
OnDeck Capital
Direct lender- Amount range$5,000 – $250,000
- Time in business1 year minimum
- Monthly revenue~$8,333 ($100,000 annual)
- Min credit score625+ FICO
- Funding speedSame day to 3 business days
Products Offered
Alvara Capital
- Business line of credit
- Business term loan
- Revenue advance
- Equipment financing
- Debt consolidation
- Short-term loan
OnDeck Capital
- Term loans
- Business line of credit
OnDeck Capital: Pros and Cons
Based on publicly available information and industry reputation.
Strengths
- Long-established brand (founded 2006, publicly listed prior to acquisition)
- Reports to business credit bureaus — helps build business credit
- Soft-pull pre-qualification doesn't impact personal credit
Tradeoffs
- Requires 625+ FICO — declines many borrowers with thin or damaged credit
- Maximum loan amount of $250K is lower than several competitors
- Requires at least 12 months in business
Where Alvara Capital has an edge
Specific areas where Alvara Capital's terms or process compare favorably to OnDeck Capital.
OnDeck Capital is a good fit if:
Established businesses (1+ year operating) with fair-to-good personal credit looking for a traditional online term loan or revolving line.
Alvara Capital is a better fit if:
You have a credit-challenged profile, need same-day funding, have been in business at least 6 months, generate $10K+ in monthly revenue, and want a single direct relationship rather than a broker or multi-lender marketplace.
Frequently Asked Questions
What is the difference between Alvara Capital and OnDeck Capital?
Alvara Capital is a direct lender offering business funding from $10,000 to $1,000,000 with no minimum credit score required, 6 months minimum time in business, and same-day approval. OnDeck Capital is a direct lender: One of the largest and most established online small-business lenders in the U.S. Offers term loans and lines of credit with a heavy focus on borrowers with established credit.
What credit score do you need for OnDeck Capital?
OnDeck Capital typically requires a credit score of 625+ FICO. By comparison, Alvara Capital has no minimum credit score requirement and evaluates applications based on business revenue and time in operation.
How fast does OnDeck Capital fund?
OnDeck Capital typically funds within Same day to 3 business days. Alvara Capital offers same-day approval with funding typically completed within 24 hours of acceptance.
How much can you borrow from OnDeck Capital?
OnDeck Capital offers funding amounts of $5,000 – $250,000. Alvara Capital offers funding from $10,000 to $1,000,000 depending on revenue and business profile.
Ready to see what Alvara Capital can offer?
Apply in minutes. No minimum credit score required. Same-day approval. No impact on your personal credit to check your offer.