Quote Originally Posted by Finance1 View Post
OnDeck tried to stiff us on 2 renewals. They have a 90 day policy that I've never heard of. If you don't fund a new deal every 90 days then you are cut off from your renewals.

We fund most of our stuff in house so we don't have a big broker channel but still. This is a lame policy. It either takes a lot of work, costs a lot of money, or both to acquire each individual closed deal. They aren't going to make any new friends with this policy.
You have ALWAYS got to watch ODC like a hawk. They have been in practice of stealing/forwarding/taking over deals for years. This is nothing new.

They take the deals they decline and pass them off to DCC in CT and MCC as well....