Results 1 to 3 of 3
-
11-04-2013, 10:47 AM #1
OnDeck and Amerimerchant in the news
As banks turn a cold shoulder, small NYC firms look elsewhere to heat up their businesses
Read more: http://www.nydailynews.com/new-york/...icle-1.1505949
-
11-04-2013, 12:59 PM #2
Looks like On Deck has a player going after their end of the market.
"American Express recently entered the merchant cash advance biz. And U.K.-based peer-to-peer lending platform Funding Circle, which matches individuals and institutions with small business borrowers, just plowed into the U.S. market."
https://www.fundingcircle.com/us/loan_brokersLast edited by Capital Stack; 11-04-2013 at 01:04 PM.
-
11-05-2013, 12:33 PM #3
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Found out more about them. They offer a 36 month only loan product. 25K-500K. 14.99% APR Effective Rate (which includes the origination and service fee). All industries and even start ups will be considered. They pay 1% of net funded amount to brokers.
Similar Threads
-
Online Lender OnDeck Announces $130 Million in New Funding
By isaacdstern in forum Merchant Cash AdvanceReplies: 10Last Post: 09-19-2013, 06:38 PM -
Amerimerchant got their new credit line
By isaacdstern in forum Merchant Cash AdvanceReplies: 5Last Post: 07-16-2013, 02:47 PM -
ondeck
By CO1 in forum Merchant Cash AdvanceReplies: 2Last Post: 05-20-2013, 11:36 AM -
Is OnDeck making a move to compete with Kabbage?
By isaacdstern in forum Merchant Cash AdvanceReplies: 4Last Post: 05-07-2013, 07:21 PM