[brokerCompany]

What type of rates does Ondeck offer for their 18-24 month terms?

[alex.isak]

Just got an odeck offer for 1.40 for 18 months.

1.30 for 12 months.

Didnt get a 24 month offer.
Spoke to rep it depends on merchant credit and industry. Also if a human underwriter touched it.

Hope that helps

[moneygreen]

Ondeck has been so all over the place you never know. Recently i saw them fund 3rd position behind PAR and Mr advance 25k 18 months while being double funded with wide for 4k.

[ryan $]

1.49 24 Month

[cmarks]

They just sent an email announcing pilot program for LOCs of 6 and 10k deals, "This Line of Credit will increase after 6 months, provided the customer meets certain criteria that demonstrate responsible usage."

[FinancialSwissArmyKnife]

I just got a 15 month weekly 1.32 paying 15 which is dope

[Fund_It]

I just got a 15 month weekly 1.32 paying 15 which is dope

I'm gonna call BS on that

[Michael I]

I just got a 15 month weekly 1.32 paying 15 which is dope

let me know when you fund it if you get 15 or 8 points

[ryan $]

1.32 paying 15 points MAKES NO SENSE WHATSOEVER

[moneygreen]

1.32 paying 15 points MAKES NO SENSE WHATSOEVER

Yeah that doesn't sound like OD, i have seen mulligan offers for 12 months 1.21 BR w/ 17 point up sell. Never understood how big boys can offer 80% of your buy rate as a commission

[FinancialSwissArmyKnife]

let me know when you fund it if you get 15 or 8 points

Ill only be getting 13 had to sell it at a 1.30 to get it done. Either way....

[ryan $]

Ill only be getting 13 had to sell it at a 1.30 to get it done. Either way....

Come onnnnnnnnnnnn You could held out, whats 2 points, lol

[FinancialSwissArmyKnife]

Come onnnnnnnnnnnn You could held out, whats 2 points, lol

Meh I have a lot to close today plus I'm putting him in a Term Loan for 120K