[FUNd]

I got a deal that has a funny story. In August this client got funded from OnDeck, and for each of the last 4 months they have had more withdrawals then actual deposits. The client was approved by one of the B paper guys for $32k with a 1.32 for a 2nd, but declined by one of the D paper funders. Its a funny situation I personally have not seen before. Now I can see why the D company declined the deal, but how did the B company give that offer? It is a solid one with a signed contract already. To me its funny how different companies have entirely different underwriting ideas. Do any of the respected, knowledgeable members of the forum have any ideas how this happened?

I'm neither respected nor knowledgeable, but with the info provided I would guess the industry would have something to with it. Some B lenders love home-based construction or transportation for example, while some D guys are deathly afraid of it. Just a guess obviously since you didn't mention the industry but has happened to me multiple times.