Quote Originally Posted by Fly View Post
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