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06-10-2014, 11:03 PM #16
Best advice
I'm a broker as well as a private funding source for my clients that don't meet my own standards. I work with OnDeck and I know that stacking on them is bad for your relationship. OnDeck will build your business credit and you don't want them also reporting you stacked on them. In regards to you being called and promised better rates, it's only a pitch to get your documents 99% of the time.
There are two lenders who compete with OnDeck. I work with them as well. The companies you mentioned are "ISOs" (brokers). Nomatter what you do, make sure you pay ODC off. No second position, plus 2nd position is more expensive. I would like to speak with you if you are back in the market for capital. I can provide as much as your seeking. I do the traditional advances, I will buy and lease property for additional locations, and I will provide asses based funding. Based on what I see here, I believe you may qualify for my "in-house" funding.
Please contact me if you have not signed a contract yet.
Travis
O- 646-561-3072
PS, watch JSL. The math I see in his post is incorrect. 20K at 1.40 is 28k, not 24kLast edited by Travis MSG; 06-10-2014 at 11:08 PM.
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