[skideeppow]

So i get this guys banks, here is what he has in June
ODC
Ibis
Fox
Yellowstone
Kabbage
Nugrowth

How does ODC keep giving him funds, plus they have him in two different advances with two different payment amounts. That is crazy. His daily ACH is 700/day. $14,700 in monthly ach, and doing around 25k in gross sales.

Looking for another funder? I was like, are you f)*&(*& kidding me?

[GMFunding]

Not surprising anymore, I've seen as many as 15 different lenders daily debiting one account.

[skideeppow]

Not surprising anymore, I've seen as many as 15 different lenders daily debiting one account.

Sure but ODC has a strict no stacking policy, and how are they providing him two advances on the same business?

[GMFunding]

They offer LOC and ACH deals on one accounts for better tier deals. The LOC is similar to Kabbage.

[skideeppow]

oh yeah the loc deal, 25k right? pays like $300 to the agent no matther what the terms are.

[GMFunding]

I just lost a deal to them not too long ago, they offered the guy a 50K LOC alongside his normal re-up deal. Not sure on the payout

[skideeppow]

wow, that sucks.

[Michael I]

Out of curiosity did you take out all the fundings to get the 25k average . I have a similar file with 7 advances that was only doing 15k a month once you took out all funding and transfers.

[skideeppow]

yes i did take out all the fundings.

[MikeB]

I had a similar case with a client who has 6 out.

Who is ODC?