Results 1 to 25 of 38
Hybrid View
-
02-24-2014, 01:43 PM #1
IPO May Be Around the Corner for On Deck Capital
http://www.thestreet.com/story/11842...k-capital.html
Would anyone Invest?
-
02-24-2014, 01:56 PM #2
I love Ondeck....our business with them is literally up 300% year over year
-
02-24-2014, 04:12 PM #3
- Join Date
- Dec 2012
- Posts
- 116
-
02-24-2014, 05:31 PM #4
-
02-24-2014, 09:30 PM #5
- Join Date
- Apr 2013
- Posts
- 117
Can Capital will blow on-deck away if they file their S-1 first. I imagine on-deck will continue to fund longer and longer deals as it is easier to hide losses when you increase the duration of your portfolio. It will be interesting-given the massive amount of vc funding on-deck has blown through they absolutely need to show tremendous growth(which is great for ISOs).
-
04-06-2014, 02:35 PM #6
A few ISOS have stated that they received letters in the mail from ODC that they were in serious delinquency with their accounts they funded and are in jeopardy of losing their agent status- looks like they monitor ISO bad debt performance
-
02-24-2014, 02:12 PM #7
that article is more than a year old.
-
02-24-2014, 02:49 PM #8
I just wanted to find out, If anyone would want to invest into this?
-
02-24-2014, 03:21 PM #9
I would probably buy some shares. Lending Club will go public first so we'll see how that plays out. I will definitely buy shares of them
-
02-24-2014, 03:28 PM #10
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Wouldn't touch it. I'm happy with my Facebook shares
-
02-24-2014, 03:58 PM #11
I hear Rumors not sure if true or not but Can Capital as well. . .
-
04-07-2014, 12:01 AM #12
We got an email saying that we should check our marketing an to stop submitting UCC.
-
04-07-2014, 12:16 AM #13
-
04-07-2014, 05:52 PM #14
-
04-07-2014, 08:15 AM #15
- Join Date
- Jan 2013
- Posts
- 151
IPO May Be Around the Corner for On Deck Capital
ODC is feeling the defaults I've been told their loss rate is at 20% with some ISO shops
-
04-07-2014, 10:21 AM #16
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Low factors combined with a 20% default rate can't make their investors too happy!
-
04-07-2014, 10:28 AM #17
I do love their commission structure though.....we have some deals where we are getting 14% on funded
-
04-07-2014, 01:06 PM #18
-
04-07-2014, 02:30 PM #19
-
04-07-2014, 02:34 PM #20
That's what I said, but it states "Guaranteed!". Pasted from the email:
-----
Earn 20% commission with our “Guaranteed Funding Program”
$ Guaranteed 1 YEAR DEALS
$ Guaranteed NO CREDIT PULLS
$ Guaranteed ALL SIC CODES
$ Guaranteed 20% COMMISSION
SEND US YOUR DEALS THAT YOU WANT TO MAKE 20% COMMISSION ON!
-
04-07-2014, 11:06 AM #21
- Join Date
- Jan 2013
- Posts
- 151
IPO May Be Around the Corner for On Deck Capital
Turning a profit is a secondary thought.
-
04-07-2014, 02:49 PM #22
Only things "guaranteed" in life are death and taxes,....and I guess BS advertising claims
-
04-07-2014, 02:51 PM #23
Ahhh, OK. Someone got overzealous somewhere. What is being posted in other threads is NOT what was stated here
Ranges from 1.45 for MCA and 1.49 for ACH deals
- NO SIC restrictions
- judgements, bk's, tax liens are okay!
- No credit score requirements
also,
- get free marketing tools (press 1 dialer services and lead generation services)
- syndicate up to 100% on all deals you submit
This is a little different, and more in line with what one would expect
-
04-07-2014, 02:54 PM #24
I just saw another wild offer. Infinity Capital Funding is paying ISOs with sky miles. Every $5,000 funded earns 2,500 sky miles with American Airlines. That would mean if you did a million in business with them this month, you'll have earned 36 round trips between new york and china.
-
04-07-2014, 02:55 PM #25
Similar Threads
-
Signed: Mr. Frustrated with On Deck
By BusinessLendingMadeSimple in forum Merchant Cash AdvanceReplies: 25Last Post: 07-31-2013, 12:28 PM -
On Deck, Line of Credit?
By CO1 in forum Merchant Cash AdvanceReplies: 5Last Post: 07-26-2013, 02:48 PM -
On Deck Updates
By Chambo in forum Merchant Cash AdvanceReplies: 24Last Post: 07-24-2013, 11:54 AM -
On Deck brings on 200 ppl , wowzer!
By Capital Stack in forum Merchant Cash AdvanceReplies: 21Last Post: 05-01-2013, 01:50 PM