Results 1 to 6 of 6
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07-23-2018, 09:51 PM #1
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
Does ondeck fund in the second behind Kabbage?
Do they require paying off kabbage? If they do, which first position lender does not require paying them off.
Rapid requires it if the Kabbage balance is over 30k.
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07-24-2018, 10:03 AM #2
- Join Date
- Oct 2015
- Location
- NYC
- Posts
- 119
We do not require paying off kabbage(LOC) and would still price it as a 1st. Feel free to reach out.
Kermit Tolbert
Business Developer
Arcarius
Direct-(201)484-8548
kermit@arcariusfunding.com
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07-24-2018, 10:45 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
cant talk about other companies...I can tell you Cresthill Capital has a conveyor belt of deals getting funded from morning to night!
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
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07-24-2018, 11:57 AM #4
- Join Date
- Feb 2018
- Posts
- 1,349
several will allow kabbage to stay in place, just ask your funders upfront. Kabbage is a LOC and is structured different than MCAs. Kabbage, Funding Circle, and sometimes AMEX, should not always be required to be paid off as part of the deal. They may revise the offers to take into account the debt they currently have to pay them however
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07-24-2018, 01:46 PM #5
I can vouch for Arcarius on that, great place to give that a go. As far as the On Deck part of the question goes they will go behind Kabbage in the following 2 scenarios.
1) If the balance is less than 10K
2) If their FICO is +725
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07-24-2018, 02:14 PM #6
- Join Date
- Feb 2018
- Posts
- 1,349
^interesting on different policies. We see kabbage behind or in front on a lot of banks so we know either Kabbage doesn't mind hopping or companies don't mind hopping kabbage
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