Results 1 to 25 of 32
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06-26-2018, 06:17 PM #1
Who can beat OnDeck!!
Hi Guys,
Looking for a lower rate, not sure if that's possible but that's what the merchant wants. Tried pushing no luck.
I have a 200K Approval from OnDeck - 1.15 Factor 9 months, 1.24 factor 12 months. Is there any Lender who can beat this?
PLEASE DON"T CALL ME (BROKER, WANNA BE LENDER) - Don't PM for the deal. I will only respond if you show a screenshot that you guys exist on bank statements.Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-26-2018, 09:03 PM #2
- Join Date
- Dec 2016
- Posts
- 37
I think that is a pretty damn good deal that you should be able to sell. Also, no one here is a lender, there are funders. Using that word can get your ISO shop in serious trouble if not careful
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06-26-2018, 10:13 PM #3
- Join Date
- Jul 2015
- Posts
- 1,202
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06-26-2018, 10:40 PM #4
There are actually a good number of lenders on here. Not everyone does MCA. Not every daily payment product is an MCA. Not every split deal is an MCA. People should make sure to read the contract of the company they're brokering their clients to. Several companies also offer multiple products (loans AND MCAs).
If anyone needs help figuring out which is which or what company does what, I'm happy to review.
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06-26-2018, 10:45 PM #5
Also, OnDeck is a lender (kind of) in that for many states Celtic Bank (a real FDIC-insured bank) makes loans to the merchants OnDeck sources and then they sell the loans to OnDeck to service. This is a very common business model, even more common than MCAs. OnDeck does not do MCAs and it would be just fine on here to refer to them as a lender.
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06-27-2018, 10:24 AM #6
- Join Date
- Jan 2018
- Posts
- 353
[QUOTE=patrickw;97061]Hi Guys,
Looking for a lower rate, not sure if that's possible but that's what the merchant wants. Tried pushing no luck.
I have a 200K Approval from OnDeck - 1.15 Factor 9 months, 1.24 factor 12 months. Is there any Lender who can beat this?
PLEASE DON"T CALL ME (BROKER, WANNA BE LENDER) - Don't PM for the deal. I will only respond if you show a screenshot that you guys exist on bank statements.[/Q
I feel like you might need a good broker to get this deal done...........
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06-27-2018, 10:53 AM #7Karen37aGuest
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06-27-2018, 11:01 AM #8
Karen what happened with Kabbage and ondeck with the Feds??
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06-27-2018, 11:02 AM #9
- Join Date
- Aug 2017
- Location
- Los Angeles
- Posts
- 56
your numbers dont make sense.
Even at gold pricing at ondeck they dont give you 1.15 for 9 months
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06-27-2018, 11:03 AM #10Karen37aGuest
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06-27-2018, 11:06 AM #11
- Join Date
- Aug 2017
- Location
- Los Angeles
- Posts
- 56
GOLD
Term Buy Rate Max Upsell Max Sell Rate
6 $1.13 8% $1.21
7 $1.14 8% $1.22
9 $1.17 8% $1.25
12 $1.22 8% $1.30
15 $1.26 8% $1.34
18 $1.31 8% $1.39
Standard
Term Buy Rate Max Upsell Max Sell Rate
6 $1.14 10% $1.24
7 $1.16 12% $1.28
9 $1.22 12% $1.34
12 $1.27 12% $1.39
15 $1.31 12% $1.43
18 $1.36 12% $1.48
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06-27-2018, 11:09 AM #12Karen37aGuest
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06-27-2018, 11:20 AM #13Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-27-2018, 11:21 AM #14
- Join Date
- Feb 2017
- Posts
- 3,433
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06-27-2018, 11:23 AM #15Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-27-2018, 11:28 AM #16Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-27-2018, 11:33 AM #17Karen37aGuest
[QUOTE=patrickw;97083]New brokers always do this.
Tell the merchant its unsecured...someone is wiring you money and if you dont like it go to the bank ( who already denied you) lol
What happens if you get one more point? $1.99 a day savings?
I am just making light of it because all these merchants say thisLast edited by Karen37a; 06-27-2018 at 11:35 AM.
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06-27-2018, 11:34 AM #18
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 501
If there is no hair on the deal with good credit we might be able to get them 1.10-1.12. We are a direct lender that funds credit card split deals only, we have been in business since 2005.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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06-27-2018, 11:36 AM #19
- Join Date
- Aug 2017
- Location
- Los Angeles
- Posts
- 56
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06-27-2018, 11:36 AM #20Karen37aGuest
I am going to make one last point on this thread.
Do you want to have to deal with a merchant for 6-18 months for 1/2 %?...no shot in hell for me
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06-27-2018, 11:45 AM #21
- Join Date
- Oct 2016
- Posts
- 4,318
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06-27-2018, 02:02 PM #22
- Join Date
- Jan 2018
- Posts
- 353
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06-27-2018, 02:13 PM #23
IOU does a solid job if it fits for them-
Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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06-27-2018, 02:22 PM #24
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06-28-2018, 01:21 AM #25
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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