Quote Originally Posted by Michael I View Post
No merchant does 100k a month (1.2 million a year) they approved him for 185k where payments were 40k a month on the 6 month approval. I actually funded him 200k on a 12 month to be honest but the approval was there on the 6 month
Okay I see now, so they approved the client for 15% to 16% of their annual sales and they included a payment option in there were the payments would equate to about 40% of the monthly sales gross? I see now.

Well, this is a discussion forum and we are all just providing our "opinions" lol. I personally think payments on an MCA related deal being more than 20% of monthly gross starts to get into a little bit of shaky territory, but that's just my "opinion".

Since about 2016 I would say, On Deck has honestly been throwing out some crazy offers every now and then. I think they are used to being stacked on like hell and are throwing out crazy offers in an attempt to at least avert being stacked.