How we picked and scored these lines of credit
We looked at the online lines of credit that small business owners search for most and that other comparison sites rank, kept the ones whose own websites publish enough to be judged, and wrote a full review of each. The score is the same seven-part funder method we use everywhere, so a line of credit and a cash advance are judged on the same scale.
For a line of credit, the criteria come down to plain questions. Is the cost published as an APR or a rate, with draw and maintenance fees? Does paying a draw off early actually save money? Do reviewers describe lines cut or frozen without warning, or debits after payoff? Is the published cost low or high next to the market, where lines of credit run from 10% to 99% APR [15]? Where a provider publishes nothing on a point, it gets a middle score of 2.5, never a guess.
Requirements, limits and cost side by side
| Provider | Min credit | Time in business | Revenue | Limit | Cost shown | Speed |
|---|---|---|---|---|---|---|
| OnDeck | 625 [1] | 1 year [1] | $100K a year [1] | $6,000 to $200,000 [2] | 59.8% average APR [1] | Same day after approval [1] |
| Fundbox | Not published | Not published | Not published | Not published | Not published | Next business day [4] |
| Headway Capital | Not published | 6 months to 1 year [6][17] | $50,000 a year [6] | Up to $100,000 [5] | 3.3% a month in its calculator [5] | Not published |
| Bluevine | 625 [9] | 12 months [9] | Over $10,000 a month [9] | Up to $250,000 [8] | From 7.8% [8] | Not published |
| Rapid Finance | Not published | Not published | Not published | $5,001 to $250,000 [11] | Not published | Not published |
| Biz2Credit | 650 [12] | 12 months [12] | $250,000 a year [12] | Up to $500K [12] | Not published | As fast as 72 hours [12] |
| Kapitus | 650 [13] | 2 years [13] | $180K a year [13] | Up to $750,000 [13] | Not published | Not published |
Headway's own pages disagree on time in business: its rates and terms page says one year [17] and its FAQ says six months [6]. We show both. Use our line of credit calculator to see what a draw costs at a given rate and term.
What a $10,000 draw can cost
Most online lines charge a fixed fee or interest per draw, repaid over a short schedule, so a line can cost much more than a bank card even though you only pay on what you use. Headway's own calculator assumes 3.3% a month and a 2% draw fee [5]. On a $10,000 draw, that draw fee alone is $200, outside New Jersey and the other states where Headway charges none [7].
OnDeck, by contrast, charges no draw, annual or monthly fees on its lines [2], but its average line APR for loans made in the first half of 2026 was 59.8% [1]. Bluevine's best case is 7.8%, for top qualifying customers only [8]. The spread between a published floor and a published average is the reason we ask for an APR on every offer.
Watch for terms that reset
Rapid Finance says the term on its line may reset every time you draw [11]. Ask any provider whether a new draw restarts the repayment clock on the whole balance, because that can keep you paying for longer than you planned.
Which lines let you save by paying early
- Fundbox waives the remaining fees when you pay a draw off early [3].
- OnDeck says you can repay early to bring down the cost of borrowing, with no prepayment penalty [2].
- Headway lets you repay the outstanding balance at any time without an added fee [6].
- Bluevine has no prepayment fee, but on its 12-week fixed fee plan, paying early does not cut the total owed. Its review explains the two plans.
If you plan to repay draws quickly, early payoff terms can matter more than the headline rate. Ask for the rule in writing before your first draw.
How to keep a line of credit cheap
A line of credit only stays the cheaper choice if you use it the way it was built: short draws for gaps you can see the end of. The habits below matter more than the provider you pick.
- Draw the amount the gap needs, not the full limit. OnDeck, for one, charges interest only on the amount you borrow [2].
- Match the repayment term to the gap. Headway lets each draw run 12, 18 or 24 months [18]; a short gap does not need a long term.
- Pay a draw off as soon as the cash arrives, where the provider rewards it [2][3][6].
- Watch total fees on each draw before you confirm it, and compare them with the dollars you would pay on a card or a short loan.
- Keep the line open and unused when you can. A line you never draw costs nothing at providers with no annual or monthly fee [2].
If you find yourself drawing the whole line every month to cover payroll, the line is covering a bigger problem. That is the time to look at a longer term loan or at what is driving the shortfall.
Notes for New Jersey businesses
Two of these providers have a real New Jersey link. Headway charges no draw fee in New Jersey, one of five states where it waives it [7]. Bluevine moved its headquarters to Jersey City [10]. OnDeck lends in every state except North Dakota and the U.S. territories, so New Jersey businesses can apply [16].
New Jersey has no commercial financing disclosure law, so you will not always see an APR on an offer here. Ask for it, along with every fee and the payment schedule, before you accept. Our New Jersey business lenders guide covers local banks and state programs.
Our own funding service
Batch Capital is our funding service and is not ranked or scored on this list. It compares offers from funding partners, and we are paid when a deal it arranges is funded.