Results 26 to 37 of 37
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05-01-2014, 10:13 AM #26
That's an excellent report very detailed. Direct business grew 400 perc and broker bz 80 perc YOY-
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05-01-2014, 10:23 AM #27Joe EsparzaFUNDKITE"FinTech High-Risk Funding Table"joseph.e@fundkite.com | 929.999.2700x1008
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05-01-2014, 10:39 AM #28
stacked merchants are not eligible to be sold:
"Such Obligor is not a party to any other loan or advance arrangements similar to those provided by the Seller with another lender or advance provider, in each case that lends or advances funds based on such Obligor’s future collections or credit card receipts"
Of course what happens after the loan is sold is beyond their control.
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05-01-2014, 10:46 AM #29
True that [for now] but, we've learned that portfolios are blended into derivatives and that point who knows what they may be comprised of in the near future. First A paper, then A&B, then A&B&C and so on...
Joe EsparzaFUNDKITE"FinTech High-Risk Funding Table"joseph.e@fundkite.com | 929.999.2700x1008
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05-01-2014, 10:56 AM #30
- Join Date
- Apr 2013
- Posts
- 117
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05-01-2014, 12:24 PM #31
change is progress, I suppose.
Anthony Diamond
Underwriter
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05-01-2014, 12:29 PM #32
What do they mean bank of internet originates the loans in 5 states? As in the are funding it and than sell it back to on deck? The origination is still coming from brokers and direct marketing though? B of I is simply the vehicle used to avoid usury in those said 5 states
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05-01-2014, 02:13 PM #33
OnDeck is well on its way to becoming the top business cash advance company. Too many MCA companies are wasting weeks evaluating a single merchant for a cash advance that's set to be repaid in a matter of months. OnDeck using the common sense approach by working quickly. They're delivering funding 24 hours while other companies are only promising it, making use the advanced technology needed to speed up approval and funding processes. They will continue to rise with these practices.
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05-01-2014, 02:39 PM #34
Joe, if your prediction is correct then a case could be made we can see a securitization on 2nd to 5th position deals. Granted depending on the size of the market as it expands from its infancy . But imagine if there is that appetite by secondary market buyer's. Who know?
This sale was groundbreaking for MCA!!
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05-02-2014, 07:44 AM #35
- Join Date
- Jan 2013
- Posts
- 151
Sean
you can sell the cash flow as long as there is a buyer my friend
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05-05-2014, 01:30 PM #36
- Join Date
- May 2014
- Posts
- 1
At Arca Funding, our main goal is to provide small and medium-sized businesses with the working capital they need, fast. With a cash advance, we purchase your future credit card sales in order to advance you a sum of money. The amount you receive is based on how much you process from customers’ credit cards. We also have lock-box and ACH options for businesses that do not process credit cards. Our premium program is our bank loan product. If you qualify, we go as low as 9% over a five year term.
For More information contact us at www.arcafunding.com or call 8667499661
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05-07-2014, 03:23 PM #37
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
Usually reserves are used to upgrade the rating of the tranche rather than to hedge against poor performance during the marketing of said tranche.
OnDeck has issued a reserve on each tranche which is "different" and to us it signifies that they did this as a risk control measure as opposed to what is generally a "marketing ploy." Additionally, given that these securities are backed by essentially "air," you gotta believe that Deutsche Bank got a great deal on this purchase.... An insanely great deal.
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