[Paperchaser]

who does this? rapid? bcc?

[cardinalequity]

Arf

who does this? Rapid? Bcc?

[anonymous]

I am told that ONDK is rolling it out to ISOs if you've gone through their re-certification.

[Chambo]

Rapid is the only one I know of who offers this. Each withdrawal is a 4 month, 1.20....

[Andy]

rapid and arf. as someone above said, ondeck will be offering to iso's after they undergo the new certification currently they only offer it in house. swift will be releasing line of credit in the next month or two. I predict that more and more funders will start offering line of credit type products, its a good way to get new clients in the door

[Chambo]

in the door...and stop them from stacking

[aredmond]

Rapid is the only one I know of who offers this. Each withdrawal is a 4 month, 1.20....

So let me clarify as I have not worked with Rapid. Let's say the merchant qualifies for 50k for example on a LOC. They decide to grab out 15k on a 1.20. That means they are paying back 18k over 4 months. Would that be a $204 daily ach for 4 months? And if they grabbed another 15k later would that be two separate 204 payments. Hopefully i wasn't confusing you. Just trying to get a little more in depth clarification.

You know this industry well so I assume you get my example....

Thanks

[MCAVeteran]

On deck is advertising a line of credit on their website. It breaks it down how it works. Locs are a great idea in general for this business. Arf has been doing that as well for awhile. More of a loan based platform than mca to do those products.

I believe Kabbage also calls their product a line of credit

[MedDirect]

We can provide lines of credit for merchants that do qualify. If the deals are healthcare related, contact me and I can discuss the qualifications and stipulations with you.