Double Dipping
Need a Funder or Vendor? START HERE

Results 1 to 25 of 30

Hybrid View

  1. #1
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    Quote Originally Posted by FroFunds View Post
    OnDeck and The Business Backer do not double-dip on renewals.
    business backers wont take on new iso, and ask our office to send them 1m a month just to see what we were funding, with intent to circumvent. i have the email, they have great buy rates, but that email turned my off completely.

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by Davincinc View Post
    business backers wont take on new iso, and ask our office to send them 1m a month just to see what we were funding, with intent to circumvent. i have the email, they have great buy rates, but that email turned my off completely.
    Since they’ve been taken over by Enova they’re become ridiculous. If you want to work with Enova you need to provide two years financials.

  3. #3
    Member Reputation points: 1949
    Join Date
    Nov 2018
    Location
    San Diego, CA
    Posts
    75

    Quote Originally Posted by Davincinc View Post
    business backers wont take on new iso, and ask our office to send them 1m a month just to see what we were funding, with intent to circumvent. i have the email, they have great buy rates, but that email turned my off completely.
    They are A+ paper so approvals are difficult but they frankly have the best WC program in the industry right now for prime borrowers.

    However, they did call one of my clients directly the day after his approval expired in 30 days and funded him a couple months back. This hadn't happened before or since we addressed it. Maybe the ownership change has altered things there.

Similar Threads

  1. How to double your revenues in 12 months or less
    By Bizcoaching in forum Promotions
    Replies: 31
    Last Post: 11-23-2017, 10:40 PM
  2. Double Dipping Calculator
    By Cfairbank in forum Merchant Cash Advance
    Replies: 13
    Last Post: 11-11-2016, 03:57 PM
  3. Double Verified Leads
    By LEADS4U in forum Promotions
    Replies: 2
    Last Post: 08-30-2016, 04:12 PM
  4. "Double Dipping"
    By Calvin in forum Merchant Cash Advance
    Replies: 3
    Last Post: 10-27-2014, 08:50 PM
  5. Stacking and Double Dippin
    By LoanShark714 in forum Merchant Cash Advance
    Replies: 1
    Last Post: 05-12-2014, 01:24 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY