Originally Posted by
Chambo
When you say "90 day", do you mean 90 days since the deal paid in full? Most other companies out there have a 6 month policy, and then they pay you as a NEW DEAL.
If you read through the posts on this and other blogs, you will know that On Deck is well known for shopping out their deals to their favored ISO's. But to tell you that you will get no commission because a deal didn't close for 90 days, even though it did close, is ridiculous.
One thing you have against you however "submitted 4 deals in last 90 days"...to them (and to most other funds, I should say) you are a rather small ISO that they will treat as they will. Realistically, what are you going to do about it? Sue them?
Unfortunate reality of our unregulated, unaccountable business that we have chosen.
There are other funds out there however you can use that will be comparable to On Deck. GBR, TBB, Rapid, SNAP, IOU, New Logic, etc, etc, etc...
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