Results 1 to 9 of 9
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03-22-2022, 03:28 PM #1
Reputation points: 1393
- Join Date
- Apr 2013
- Posts
- 359
On Deck issuing blind declines...
Does anyone have experience with On Deck declining a submission and giving no reason? We submitted a stellar deal and wanted to use On Deck for this. Our rep says underwriting did not give a reason for the decline.
Naturally this makes us suspicious.
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03-22-2022, 03:38 PM #2
This is an on going problem with lenders and I run into it all the time....have to ask the rep to go back to underwriting several times to get reasons for decline. Did the rep go back and ask?
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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03-22-2022, 03:41 PM #3
Reputation points: 16
- Join Date
- Jan 2022
- Posts
- 3
Paz Funding Source will never issue a decline without a strong reason and will do our best to present a remedy
Yoni Magady
Managing Director | ISO Department
(323) 686-9623
yoni@pazfundingsource.com
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03-22-2022, 03:48 PM #4
Reputation points: 1393
- Join Date
- Apr 2013
- Posts
- 359
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03-23-2022, 10:03 AM #5
Hello,
Key Capital Group offers Unmatched ISO Support & always a speedy offer or solid reason for Decline. Below are some Guidelines. Please feel free to call me with any questions.
We specialize in:
High Risk
1st to 10th position
Defaults & Declines (Deal by deal basis, at discretion of Funder)
Reverses Consolidation
Minimum Monthly Revenue For 2nd position & On:
$20,000
Minimum Monthly Revenue For 1st Position:
$50,000 For 1st time taking an MCA Advance
$35,000 For a Merchant that has had an MCA Advance in the past
Our Product:
5k to No Funding Cap (as long as the deal makes sense we will Fund)
Terms UP TO 95 DAYS (flexible with large funding amounts)
Weekly payments available (if the merchant has a weekly we will consider)
Early Payoff Discounts
Early Renewals
Instant DocuSign Contracts & Light Stips -DL, VC
Full Commissions on Default Merchants & Renewals.
Gill Navarro
Director Of ISO Relations
Direct:1(862)-303-3225
Office:1 (888) 729-9292
Email:Gill@keycapitalfunding.com
https://keycapitalfunding.com/iso/
iso pic.gif
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03-23-2022, 12:34 PM #6
Blind declines
Blind Declines definitely suck, depending on the deal I can go out to 12 months with a 1.17 buy rate (15 points built-in)
If you need a back-up approval send it to rasheed@alfaadvancefunding.com
Rasheed Miller
(347) 531-9075
https://alfaadvance.com/
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03-23-2022, 01:02 PM #7
Reputation points: 557
- Join Date
- Dec 2021
- Posts
- 42
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03-23-2022, 02:10 PM #8
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04-05-2022, 11:29 AM #9
Reputation points: 10
- Join Date
- Jan 2022
- Posts
- 11
Try us
Hello, Please give us a shot. We have no restricted industries & Fund 1st position. Contact Info & Guidelines Below.
We specialize in:
A paper and High Risk deals
1st to 7th position
Defaults & Declines (Deal by deal basis, at discretion of Funder)
Reverses Consolidation
Revolving lines of credit
Equipment financing
Minimum Monthly Revenue For 2nd position & On:
$10,000
Minimum Monthly Revenue For 1st Position:
$7,500,000 For 1st time taking an MCA Advance
$15,000 For a Merchant that has had an MCA Advance in the past
Our Product:
5k to No Funding Cap (as long as the deal makes sense we will Fund)
Terms UP TO 95 DAYS (flexible with large funding amounts)
Weekly payments available (if the merchant has a weekly we will consider)
Early Payoff Discounts
Early Renewals
Instant DocuSign Contracts & Light Stips -DL, VC
Full Commissions on Default Merchants & Renewals.
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