IPO May Be Around the Corner for On Deck Capital

**CO1** · 02-24-2014, 01:43 PM

http://www.thestreet.com/story/11842...k-capital.html

Would anyone Invest?

**isaacdstern** · 02-24-2014, 01:56 PM

I love Ondeck....our business with them is literally up 300% year over year

**Sean Cash** · 02-24-2014, 02:12 PM

that article is more than a year old.

**CO1** · 02-24-2014, 02:49 PM

I just wanted to find out, If anyone would want to invest into this?

**Sean Cash** · 02-24-2014, 03:21 PM

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

**MCNetwork** · 02-24-2014, 03:28 PM

Wouldn't touch it. I'm happy with my Facebook shares

**CO1** · 02-24-2014, 03:58 PM

I hear Rumors not sure if true or not but Can Capital as well. . .

**jbrown** · 02-24-2014, 04:12 PM

Originally Posted by isaacdstern

I love Ondeck....our business with them is literally up 300% year over year

It's great that they are funding lots of deals - good for your bottom line. How does the book perform?

**Chambo** · 02-24-2014, 05:31 PM

Originally Posted by jbrown

It's great that they are funding lots of deals - good for your bottom line. How does the book perform?

"Jeremy Buzz Kill"

**staten** · 02-24-2014, 09:30 PM

Originally Posted by jbrown

It's great that they are funding lots of deals - good for your bottom line. How does the book perform?

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).

**MCAVeteran** · 04-06-2014, 02:35 PM

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

**CO1** · 04-07-2014, 12:01 AM

We got an email saying that we should check our marketing an to stop submitting UCC.

**Sean Cash** · 04-07-2014, 12:16 AM

Originally Posted by CO1

We got an email saying that we should check our marketing an to stop submitting UCC.

like an automated email or a personally typed up one from your biz dev rep there?

**cashguy** · 04-07-2014, 08:15 AM

ODC is feeling the defaults I've been told their loss rate is at 20% with some ISO shops

**MCNetwork** · 04-07-2014, 10:21 AM

Low factors combined with a 20% default rate can't make their investors too happy!

**isaacdstern** · 04-07-2014, 10:28 AM

I do love their commission structure though.....we have some deals where we are getting 14% on funded

**cashguy** · 04-07-2014, 11:06 AM

Turning a profit is a secondary thought.

**Sean Cash** · 04-07-2014, 01:06 PM

Originally Posted by isaacdstern

I do love their commission structure though.....we have some deals where we are getting 14% on funded

speaking of which, I got an email from MFS Global 5 days ago that says they're paying 20% commissions now. 12 month terms, no credit check, all industries...

**Chambo** · 04-07-2014, 02:30 PM

Originally Posted by sean bash

speaking of which, I got an email from MFS Global 5 days ago that says they're paying 20% commissions now. 12 month terms, no credit check, all industries...

No credit check? 12 month terms? Yeah, OK....

**Sean Cash** · 04-07-2014, 02:34 PM

Originally Posted by Chambo

No credit check? 12 month terms? Yeah, OK....

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!

**Chambo** · 04-07-2014, 02:49 PM

Only things "guaranteed" in life are death and taxes,....and I guess BS advertising claims

**Chambo** · 04-07-2014, 02:51 PM

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

**Sean Cash** · 04-07-2014, 02:54 PM

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.

**Chambo** · 04-07-2014, 02:55 PM

Originally Posted by sean bash

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.

Is that Henry out in Cali with that crazy offer?

How would they transfer over the miles? What? No more cash to pay commissions?

**Sean Cash** · 04-07-2014, 03:00 PM

no idea. Just so you can see I'm not making it up:

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