Results 1 to 10 of 10
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02-18-2014, 05:49 PM #1
OnDeck Launches An Industry First: OnDeck Term 24, A New Loan Product Offering Amount
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02-18-2014, 05:58 PM #2
OnDeck Term 24
- Loans from $50,000 – $250,000
- Term lengths of 12 – 24 months
- APRs ranging from 19.99% – 39.99%
- Approval and funding available within 24 hours
To be eligible, businesses must have: at least 3 years of continuous operations; revenues of at least $100,000 per month; strong business and personal credit; and stable business checking account balances.
24wallpaper1.jpg
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02-18-2014, 10:24 PM #3
How are they an industry first? I can think of two companies who do 24 month term loans
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02-18-2014, 11:22 PM #4
Can Capital, OnDeck an _______?
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02-19-2014, 09:51 PM #5
Sadly they are not offering the product for partners/ISOs yet Only internal for now...
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02-20-2014, 06:11 AM #6
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
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02-20-2014, 05:59 PM #7
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02-25-2014, 11:38 AM #8
Doesnt GBR go out a long time?
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05-04-2016, 10:45 AM #9
- Join Date
- Dec 2014
- Posts
- 39
I think they are offering things with their internal program simply because their ISO and Broker programs will be phased out . The merchants will remain On Decks .
Just a thoughts .. but if you read the writing on the wall it is based in the performance of the On Deck model . Every deal you give to them , consider it a gift to onDECK , by Jan 2017 they will phase out all outside firms .
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05-04-2016, 10:58 AM #10
- Join Date
- Jan 2015
- Posts
- 127
You really think OnDeck (esp after their most recent earnings call) is going to phase out brokers in 8 months?? I dunno if its just us, but they call me weekly begging for more deals.
Also - CAN has offered a 24 month program for 2-3 years now. They have also rolled out a 36 month loan program at the end of 2015.
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