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Are You on The Lending Blacklist? You might be surprised.

Updated: Feb 15, 2022

Lenders are getting smarter. A few tools that online and MCA lenders use to gauge fundability.


By Thomas W. Tramaglini, BRP Onesta info@BRPOnesta.com www.backofficedepot.com


Our company routinely works with small business owners to stabilize or grow their businesses. One important step that small business owners require our assistance is with the attainment of capital for their businesses. In a previous post, I discussed some of the statistics of how many small businesses are looking to borrow money for their business. Whether for consolidation of debt, expansion, real estate, or equipment, underwriting of any loan or advance, we generally are asked by small business owners what the lenders are looking for in order to get an approval.


Through professional conversations with brokers of merchant cash advance and online loans in the past, brokers seemed to have lenders who they suggested did not thoroughly vet client applications ultimately providing funding to small business owners who probably should not have been funded. While this has not been our experience, clearly the shenanigans of the merchant cash advance and online loans have been in existence for some time.


So, we decided to explore some ways that lenders vet possible lenders in the online and alternative lending space.


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In no way can one blog (or probably a book) do any justice to go through the art (and it is an art) of how banks or lenders go about their approval processes. We did however, find three tools that online lenders (i.e., OnDeck, PayPal) and alternative lenders (MCA, equipment) favor in vetting their applications.


What are the lenders looking for?