Ondeck 1st position retailer needs 1st 12 months sub 1.20
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  1. #1
    Banned Reputation points: 687
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    Ondeck 1st position retailer needs 1st 12 months sub 1.20

    6 years in biz
    ondeck bal 25k
    retailer
    needs 1st 12 months sub 1.20

  2. #2
    Senior Member Reputation points: 4457
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    Feb 2014
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    Florida
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    If they have real estate (personal or comm'l) try Lift Forward. Minimum with them is $100K.

    If it's a smaller deal, try Funding Circle's micro-ticket program, up to $75K.
    Last edited by SBF; 07-27-2017 at 02:53 PM.

  3. #3
    Senior Member Reputation points: 258
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    Jun 2017
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    Fundation now has a "microloan" program that can meet your needs. Reach out to Matt Sapnar.

    Matthew Sapnar
    Director, Referral Channel
    Fundation Group LLC
    9 East 37th Street, 2nd Floor
    New York, NY 10016
    Direct: (646) 661-4401

  4. #4
    Senior Member Reputation points: 4457
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    Sorry Matt.. I didn't mean to say Funding Circle.. yikes!!! Is it Friday yet?...lol..

  5. #5
    Banned Reputation points: 687
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    Dec 2016
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    lol thanks keep them coming the 1st position lender guys who i developed relationships with packed their bags it's changing

  6. #6
    Senior Member Reputation points: 12169
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    Jul 2015
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    168

    Quote Originally Posted by profunder View Post
    6 years in biz
    ondeck bal 25k
    retailer
    needs 1st 12 months sub 1.20
    If you want better advice here you need to provide more info to the community like: state in operation, ave # of od's/neg days per month, ave monthly deposits, daily/weekly ondeck draw etc

  7. #7
    Senior Member Reputation points: 107104
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    Quote Originally Posted by mbernier View Post
    Fundation now has a "microloan" program that can meet your needs. Reach out to Matt Sapnar.

    Matthew Sapnar
    Director, Referral Channel
    Fundation Group LLC
    9 East 37th Street, 2nd Floor
    New York, NY 10016
    Direct: (646) 661-4401
    You guys still have iso working for free?What is commission like on that program?

  8. #8
    Senior Member Reputation points: 24139
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    Apr 2014
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    Washington DC
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    our buy-rates start at 1.08x, and no issue if clean below 1.2x at 12 mos. Ask Steve ssafirstein@breakoutfinance.com
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  9. #9
    Senior Member Reputation points: 54977
    Join Date
    Dec 2013
    Posts
    4,713

    If i was a merchant with superb credit and banks i would differently look at a breakout offer. if i was then declined for the 1.08 offer then my space (ACH Advance) would become an option.
    Last edited by mcaguru; 07-28-2017 at 11:51 AM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  10. #10
    Senior Member Reputation points: 18402
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    Apr 2014
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    Carls.program has great rates

  11. #11
    Senior Member Reputation points: 24139
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    Lol, thanks Marcus and Scott. But Marcus touting someone else's program? What's going on????
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

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