Results 1 to 10 of 10
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07-24-2015, 01:17 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
7 advances?
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?
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07-24-2015, 01:20 PM #2
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Not surprising anymore, I've seen as many as 15 different lenders daily debiting one account.
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07-24-2015, 01:26 PM #3
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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07-24-2015, 01:42 PM #4
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
They offer LOC and ACH deals on one accounts for better tier deals. The LOC is similar to Kabbage.
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07-24-2015, 01:49 PM #5
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
oh yeah the loc deal, 25k right? pays like $300 to the agent no matther what the terms are.
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07-24-2015, 01:59 PM #6
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
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
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07-24-2015, 02:02 PM #7
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
wow, that sucks.
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07-24-2015, 02:07 PM #8
- Join Date
- Jun 2015
- Posts
- 3,325
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.
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07-24-2015, 02:24 PM #9
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
yes i did take out all the fundings.
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07-31-2015, 10:04 AM #10
- Join Date
- Jul 2015
- Location
- LIC
- Posts
- 11
I had a similar case with a client who has 6 out.
Who is ODC?
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