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01-28-2020, 10:45 AM #1
- Join Date
- Dec 2017
- Posts
- 277
Funder who buys out positions and won't consider a LOC with OnDeck a position?
Thank you in advance,
Mike
msla*****er@sla*****er.com
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01-28-2020, 10:48 AM #2
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01-28-2020, 11:34 AM #3
- Join Date
- Aug 2018
- Posts
- 16
Hi Michael,
Feel free to call me to discuss
Brian A. Rephun
Business Development Manager
RDM Capital Funding
777 Passaic Ave, Suite 375
Clifton, NJ 07012
Phone: 973-415-8331
Brephun@RDMCapitalFunding.com
www.RDMCapitalFunding.com
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01-29-2020, 04:25 PM #4
- Join Date
- Nov 2019
- Posts
- 19
Hi Michael,
We actively look to buy out small-balance positions, leaving the client with an 80% net of our advance, contact me via email or phone and I'd be happy to go over what our company has to offer both your firm and clientele,
David M. Sica
Business Development Manager
Desk: 646.741.2929
Direct: 347.831.4336
Dsica@ByzFunder.com
www.Byzfunder.com
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01-31-2020, 02:57 PM #5
- Join Date
- Dec 2017
- Posts
- 277
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01-31-2020, 03:10 PM #6
- Join Date
- Nov 2018
- Posts
- 37
--
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01-31-2020, 03:12 PM #7
- Join Date
- Nov 2019
- Posts
- 19
Hi Michael,
No, we do not, we only factor it into their payment schedule. Considering there is room for additional payments, we will work to approve it and push it forward.
David M. Sica
Business Development Manager
Desk: 646.741.2929
Direct: 347.831.4336
Dsica@ByzFunder.com
www.Byzfunder.com
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01-29-2020, 05:30 PM #8
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
Hello Michael, feel free to submit or reach out if you'd like to discuss this deal.
Jeff Pecori • VP of ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 | F. 646.219.7949 | jeff@vitalcapfund.com
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01-31-2020, 02:58 PM #9
- Join Date
- Dec 2017
- Posts
- 277
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01-31-2020, 03:57 PM #10
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
Hello Michael, we don't consider it a position. We will factor it into the debt schedule.
Jeff Pecori • VP of ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 | F. 646.219.7949 | jeff@vitalcapfund.com
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01-29-2020, 07:41 PM #11
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
IOU doesn’t consider Kabbage or Fundbox as a position, but not sure about OnDeck
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01-31-2020, 02:58 PM #12
- Join Date
- Dec 2017
- Posts
- 277
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01-30-2020, 02:40 PM #13
- Join Date
- Oct 2019
- Posts
- 36
We don't consider LOC as a position, send it over!
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01-31-2020, 03:16 PM #14
- Join Date
- Jun 2019
- Posts
- 196
The majority of lenders will not count it as a position but they will factor it into the debt schedule.
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