[Fly]

Ondeck and Kabbage just stacked on my merchant that is D Paper and already has 2 D paper loans. Lol. Ondeck did a 4 year term deal. His cash flow has and had been declining too. And they both gave him larger loans than the 1st and 2nd position lenders. Crazy.

[Chambo]

Ondeck and Kabbage just stacked on my merchant that is D Paper and already has 2 D paper loans. Lol. Ondeck did a 4 year term deal. His cash flow has and had been declining too. And they both gave him larger loans than the 1st and 2nd position lenders. Crazy.

On Deck is doing everything via online portals and algorithms. Those don't take 2nd positions into account. Heck, they rarely even have human beings speak to the merchant

[CreditGuy]

Ondeck did a 4 year term deal.

On Deck's max term is 24 months per their website.

[Fly]

It's a new program that goes longer than 24 months.

[CreditGuy]

It's a new program that goes longer than 24 months.

I think Chambo is right about you smoking crack.

[Fly]

On Deck is doing everything via online portals and algorithms. Those don't take 2nd positions into account. Heck, they rarely even have human beings speak to the merchant

This is not true. They have a huge sales force now.

[Chambo]

This is not true. They have a huge sales force now.

Define "huge"? If they went from 5 to 10, hey, they grew their sales force 100% over last year!