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03-18-2016, 02:34 PM #1Veteran
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Term loans and locs
Does anyone know if lending club, funding circle, kabbage, bond street require an mca or daily/weekly loan provider to be paid off? Seeing more of these co behind odc/can and others.
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03-18-2016, 02:37 PM #2Senior Member
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Not 100% sure about Kabbae and lending club but if you have a merchant who has an MCA FC will pay it off with a portion of the loan
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03-18-2016, 03:33 PM #3Senior Member
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Funding Circle and Bond Street typically require that ACH's be satisfied- unless it is a true bank LOC with very low interest.. Lending Club is automated so they likely factor in the existing debt and approve an amount with that in mind.
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