Square Loans vs OnDeck

Two loans & credit tools side by side. Prices are the starting plan a small business would pick, in USD.

Compare	Square LoansBlock	OnDeckOnDeck
In one line	Advances for Square sellers, repaid from card sales	Fast term loans and credit lines for established small businesses
Starting price	Flat fee, no interest	Avg 53.2% APR
Six-person team	Flat fee, no interest	Avg 53.2% APR
Plans	One flat fee per loan, no interest; a fixed share of daily card sales repays it	Term loan $5K-$400K up to 24 mo (avg 53.2% APR); line of credit $6K-$200K (avg 59.8% APR); needs 1 year in business, $100K revenue, 625 FICO
Pricing model	Paid	Paid
Free trial	—	—
Users	n/a	n/a
Integrations	Square only	Bank connection
Team size	Just me · 2–10 people · 11–50 people	2–10 people · 11–50 people
Available in	US · UK · CA · AU	US
Phone support	Plans not stated (US)	Every plan (US)
Live chat	Plans not stated	None listed
Support hours	Not published	Phone: Mon-Fri 9 a.m. - 7 p.m. ET
Incidents posted	14 incidents posted on Block's status page, which covers all Block products and regions, in the 90 days to Oct 27, 2026; 0 marked major or critical by Block. Status page	We found no public status page for OnDeck.
Trustpilot score	Not listed	4.6 / 5 from 6,128 reviews
Fit: Retail shop	90	70
Fit: Restaurant or café	85	70
Fit: Service business	70	72
Fit: Agency or studio	20	65
Fit: Trades or contractor	50	75
Fit: Online store	40	65
Why people pick it	Offers appear automatically No fixed monthly payment	Decisions and funding within days Credit line you can redraw
Where it falls short	Must sell through Square Minimum repayment every 60 days	High APR Needs a year of history and $100K revenue
	Visit Square Loans ↗	Visit OnDeck ↗

Six-person prices are what a team of six would pay on the published plans; "Not listed" means those plans don't cover six. How we calculate prices