[GMFunding]

Unfortunately ODC policies as I know them are to auto decline (confirmed) the deal once another competitor is involved and the balance is still open. I was hoping someone like ARF would be available to refi the deal without the need to net the merchant 50% as typical as most A-B Lenders.

[Scott Williams]

Unfortunately ODC policies as I know them are to auto decline (confirmed) the deal once another competitor is involved and the balance is still open. I was hoping someone like ARF would be available to refi the deal without the need to net the merchant 50% as typical as most A-B Lenders.

Ondeck is the "wild card" with this deal. I have seen ODC renew many merchants while keeping IOU open and I have also seen ODC come in as the second loan on many deals. BUT, they will sometimes auto decline too.

Can the merchant hold off until his IOU renewal is ready? Why not wait for the best cost on the money.

[GMFunding]

Interesting to here about ODC, the IOU was just taken in November so I doubt they would like to hold off. My deal was the ODC so I'm SOL atm.