[EProdigyFinance]

Saw an email about this today. Did anyone know about this?
https://www.ondeck.com/quickbooks4/?...A_Customer_SL2

[isaacdstern]

Got an email just last week

[Chambo]

I get an email form them once a week telling me that based on my Quickbooks data, they can refer me to On Deck for a business loan.

[Zach]

Funny, I get a letter from Direct Capital saying that I qualify for a loan based off my quickbooks revenues.

[freddy]

I would delete my Quickbooks data if I saw this happening. Even though they own and probably are given permission to access - that is an invasion of privacy.

[Jared_Weitz]

That's pretty smart of them to partner with QB. We should all be trying to form partnerships that allow us to get a cheaper CPA on our deals.

[155refi10psf]

It's a marketing tactic!!
no one saw anyone's quickbooks!
implement a variation of this into your originating pitch

[mjfleck34]

I don't believe it's just a marketing tactic. Intuit appears to be "experimenting with a platform where they use (with the permission of small businesses) QuickBooks data that they keep in the cloud to create a predictive small business credit score. Quickbooks customers then have access to the lending platform and can use their score to seek loans from providers which include Wells Fargo and On Deck." See, "The State of Small Business Lending: Credit Access during the Recovery and How Technology May Change the Game"; Mills, Karen Gordon and McCarthy, Braden; Harvard Business School Working Paper 15-004, July 22, 2014. Of course, many don't recall granting such permission. We are looking into this.

[channin19]

I don't believe it's just a marketing tactic. Intuit appears to be "experimenting with a platform where they use (with the permission of small businesses) QuickBooks data that they keep in the cloud to create a predictive small business credit score. Quickbooks customers then have access to the lending platform and can use their score to seek loans from providers which include Wells Fargo and On Deck." See, "The State of Small Business Lending: Credit Access during the Recovery and How Technology May Change the Game"; Mills, Karen Gordon and McCarthy, Braden; Harvard Business School Working Paper 15-004, July 22, 2014. Of course, many don't recall granting such permission. We are looking into this.

That is a very good read for account reps.

http://www.hbs.edu/faculty/Publicati...74f770856f.pdf

[mcg168]

In somewhat unrelated news...ONDK is now trading at $15.80

[isaacdstern]

chart.JPG

[isaacdstern]

that is not pretty

[GRP Funding]

Did they announce "earnings" yet? If not, can't wait to see what that does to the price.

[channin19]

chart.JPG

brace-yourself-ondeck-baqk94.jpg

[isaacdstern]

lol
lol

[Sean Cash]

all-your-deals1.jpg

[GRP Funding]

Now trading in the $14's