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  1. #1

    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

  2. #2
    Senior Member Reputation points: 65052 TheConfidentBroker's Avatar
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    Quote Originally Posted by Michael Sla*****er View Post
    Thank you in advance,
    Mike
    msla*****er@sla*****er.com
    Hit me up! You have my number, my facebook, my linkedin ... lol you know where to find me
    Funding is Temporary. Wu-Tang is Forever.

  3. #3
    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

  4. #4
    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

  5. #5
    Senior Member Reputation points: 6544
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    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

  6. #6
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    IOU doesn’t consider Kabbage or Fundbox as a position, but not sure about OnDeck

  7. #7
    We don't consider LOC as a position, send it over!
    Captain Funds
    646-851-0400
    submissions@captainfunds.com

  8. #8
    Quote Originally Posted by ByzFunderDS View Post
    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
    Hi David,

    Do you consider a LOC with OnDeck a position?

  9. #9
    Quote Originally Posted by VitalCapJeff View Post
    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
    Hi Jeff,

    Do you consider a LOC with OnDeck a position?

  10. #10
    Quote Originally Posted by sigmundpannu View Post
    IOU doesn’t consider Kabbage or Fundbox as a position, but not sure about OnDeck
    IOU does consider a LOC with OnDeck a position.

  11. #11

  12. #12
    Quote Originally Posted by Michael Sla*****er View Post
    Hi David,

    Do you consider a LOC with OnDeck a position?
    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

  13. #13
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    The majority of lenders will not count it as a position but they will factor it into the debt schedule.

  14. #14
    Senior Member Reputation points: 6544
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    Quote Originally Posted by Michael Sla*****er View Post
    Hi Jeff,

    Do you consider a LOC with OnDeck a position?
    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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