Hi all, we received a strange email last Friday from Everest at 515pm, firing us as an ISO:

This email is your notice that Everest Business Funding is terminating its ISO Agreement effective immediately.

The rate of default is significantly higher than the average of all other ISO Partners we cannot continue to fund deals for your company.

Please understand that is a business decision and not a reflection of any animosity between our companies. I wish you the best with your business in the future.

We will not be accepting phone calls regarding this issue.

Regards,

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We have attempted to reach out to no avail. We are not aware of any defaults from what we sent them. We sent them 25 deals since Q3 last year.

Any ideas, what gives? Only thing I can think of is they are in serious trouble cutting us off outta the blue like that.