Results 1 to 6 of 6
-
06-09-2015, 12:14 PM #1Senior Member
Reputation points: 52185
- Join Date
- Apr 2014
- Location
- New York City
- Posts
- 891
ODC 5th position
is it a bug in the automated system? are they doing high risk?
just took a 5th position giving a merchant 38% of their avg monthly gross putting their payments at 48.9% of AMG.Anthony Diamond
Underwriter
-
06-09-2015, 12:23 PM #2Senior Member
Reputation points: 13596
- Join Date
- Feb 2013
- Posts
- 1,285
anything for growth I guess
-
06-09-2015, 12:31 PM #3Member
Reputation points: 1685
- Join Date
- May 2015
- Location
- FL
- Posts
- 96
if they're giving out like that we need a better rep for ondeck...
-
06-09-2015, 12:40 PM #4Veteran
Reputation points: 159073
- Join Date
- Oct 2012
- Location
- New York
- Posts
- 2,509
it had to be a mistake in underwriting that it was missed. There is no way they are doing deals like that
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
06-09-2015, 12:42 PM #5Senior Member
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
They are not part of the Small Business Finance Association / Formerly NAMAA
but i agree with John ... it was a mistake
-
06-09-2015, 12:48 PM #6A forum user
Reputation points: 2147483647
- Join Date
- Aug 2012
- Location
- New York City
- Posts
- 1,880
It's my understanding that they don't care about stacking at all but pulling 48.9% of their avg monthly gross doesn't sound right.
Reply With Quote
