[microboby]

Guys has there ever been a list where we can rate on a objective was the Funders and share some of their non disclosed practices (Short Pay on renewals , Always sending short on commissions , killing the deals on Funding calls due to QC or Strict UW , poor customer service for merchants , clawback practices .... and many more)

Over the past 6 years i have worked and funded with the following , Ive had many great experiences and plenty of terrible ones . I would love to Share them for those who care about a reference on these funders

Ill Start from Top of the food chain to bottom

Funding Circle - who gets approved here???
Ondeck -- Hands down the fastest and prob the best funder
CAN Capital -- CLOSED - Lots of good experiences for a lot but for me it was just bad ones
Swift -- Closed and they would teach you how hard can it be to fund any deal but did fund some
MCC / BIZFI / credibly - There were Ok , now there's to many that do the same terms rates to bother if your not signed up
Snap Advances - Credit Committee is a tough one for them but if your deal passes their internal scoring and CC. then you probably will get funded
BFS -- OMG these guys are Almost like SBA on the amount of paperwork they need to fund a deal and also have Credit Committee
MCA -- Maybe Closed? They were some of the first ones to offer super high rates for higher risk deals
Quarterspot -- They Let your merchant know how much you get paid on the contract so thats a no no or a deal breaker for many
GRP
IOU
Windset Capital -- Closed , but they were the best one up to 100k
Strategic Funding
Mulligan Funding -- Per their own team , cut the approvals by half and sell that just to be safe ha ha ...
Rapid Advance
Knight Capital
Greenbox -- Strict Clawback Policy , ISO signs a personal Guarantee and Merchants get charges an extra 3% if they don't renew with them , most of commission come short so you got to look out for that
Everest
Kalamata / KCG
New Era
Legend --Pretty Good B paper
UFS -- If they approve they are Excellent and pay you fast
Divergent Capital -- Pretty Good C paper
Yellowstone - Kings of the COJ and funding , Anthony is the Man there
Pearl capital - Don't waste your time here
Atlas / Midnight Advance -
Quicksilver - Small Deal funder
Vader - Small deal funder @ 1.50 or more for 3 or 4 months
Mantis / Cresthill - 1.48 @ 80 Payments
Fundworks -- hope they closed because they suck

I can keep adding details but this is a start . We can add funders if someone cares to share experiences

[DTFdowntofund]

Omg. Where to start with this thing lmao

[Lmonus]

You forgot CFG.... DUHHH (Safest place to send a submission)

[Nunya]

Interesting observation that the guys that require a lot of stips are still in business while the "easy to fund" half the list is all out of business. I wonder why that is? Lol

[WhoisKingsley]

Funder Lender Funder - They fund what they lend and lend what they fund

[Lmonus]

Interesting observation that the guys that require a lot of stips are still in business while the "easy to fund" half the list is all out of business. I wonder why that is? Lol

Its very easy to fund, but hard to collect.

[WhoisKingsley]

Its very easy to fund, but hard to collect.

lol that would be a good slogan for some of them

[WestCoastFunding]

SFS is my fav. IOU has some strong offers, but can’t stand using a portal. GRP is just BFS. Everest is solid. Knight is kind of like Everest but without the COJ. Rapid has great A paper deals (but they send you a million emails every step of the process). New era now goes by Bizfund, but they’re still the same piece of **** backdoor company.

[Lmonus]

Strategic is good from what my ISO's say - its tough to compete with them.

[WhoisKingsley]

SFS is my fav. IOU has some strong offers, but can’t stand using a portal. GRP is just BFS. Everest is solid. Knight is kind of like Everest but without the COJ. Rapid has great A paper deals (but they send you a million emails every step of the process). New era now goes by Bizfund, but they’re still the same piece of **** backdoor company.

Oh, you lucky people and your rogue names. How I envy your freedom to express yourselves like this.

[WhoisKingsley]

Guys has there ever been a list where we can rate on a objective was the Funders and share some of their non disclosed practices (Short Pay on renewals , Always sending short on commissions , killing the deals on Funding calls due to QC or Strict UW , poor customer service for merchants , clawback practices .... and many more)

Over the past 6 years i have worked and funded with the following , Ive had many great experiences and plenty of terrible ones . I would love to Share them for those who care about a reference on these funders

Ill Start from Top of the food chain to bottom

Funding Circle - who gets approved here???
Ondeck -- Hands down the fastest and prob the best funder
CAN Capital -- CLOSED - Lots of good experiences for a lot but for me it was just bad ones
Swift -- Closed and they would teach you how hard can it be to fund any deal but did fund some
MCC / BIZFI / credibly - There were Ok , now there's to many that do the same terms rates to bother if your not signed up
Snap Advances - Credit Committee is a tough one for them but if your deal passes their internal scoring and CC. then you probably will get funded
BFS -- OMG these guys are Almost like SBA on the amount of paperwork they need to fund a deal and also have Credit Committee
MCA -- Maybe Closed? They were some of the first ones to offer super high rates for higher risk deals
Quarterspot -- They Let your merchant know how much you get paid on the contract so thats a no no or a deal breaker for many
GRP
IOU
Windset Capital -- Closed , but they were the best one up to 100k
Strategic Funding
Mulligan Funding -- Per their own team , cut the approvals by half and sell that just to be safe ha ha ...
Rapid Advance
Knight Capital
Greenbox -- Strict Clawback Policy , ISO signs a personal Guarantee and Merchants get charges an extra 3% if they don't renew with them , most of commission come short so you got to look out for that
Everest
Kalamata / KCG
New Era
Legend --Pretty Good B paper
UFS -- If they approve they are Excellent and pay you fast
Divergent Capital -- Pretty Good C paper
Yellowstone - Kings of the COJ and funding , Anthony is the Man there
Pearl capital - Don't waste your time here
Atlas / Midnight Advance -
Quicksilver - Small Deal funder
Vader - Small deal funder @ 1.50 or more for 3 or 4 months
Mantis / Cresthill - 1.48 @ 80 Payments
Fundworks -- hope they closed because they suck

I can keep adding details but this is a start . We can add funders if someone cares to share experiences

By the way- I can soooo tell your a NY/NJ Broker because a Cali person would have a totally different roster. There are so many other funding companies out there than what you see just in this smalllll itty bitty "Wall Street" MCA market funding list.

BTW- I agree with maybe 80% of this list. Some I wouldn't lend a stick of gum to. Some are great but have fake people secretly screwing their own company over. Some couldn't keep up. Some couldn't put money where their mouth is. One put too much money out. One probably hired and UW from a McDonalds drive thru. One has sooo many people emailing back and forth about one deal I don't know if they were all picked up at the same home depot.

I'm going to hell for that last one.

[Lmonus]

by the way- i can soooo tell your a ny/nj broker because a cali person would have a totally different roster. There are so many other funding companies out there than what you see just in this smalllll itty bitty "wall street" mca market funding list.

Btw- i agree with maybe 80% of this list. Some i wouldn't lend a stick of gum to. Some are great but have fake people secretly screwing their own company over. Some couldn't keep up. Some couldn't put money where their mouth is. One put too much money out. One probably hired and uw from a mcdonalds drive thru. One has sooo many people emailing back and forth about one deal i don't know if they were all picked up at the same home depot.

I'm going to hell for that last one.

lmaooooooooooooo

[WestCoastFunding]

One has sooo many people emailing back and forth about one deal I don't know if they were all picked up at the same home depot.

I'm going to hell for that last one.

This has got to be Mantis.

[Nunya]

This has got to be Mantis.

Only if the font is comic sans.

[Anthony@torro]

Thank you for the shout out Microboby.

[NoBigDeal]

Surprised Forward didn't make this list at all?

[blashley]

Forward is good,they have a fast funding process.
Advantage is also good on deals when a merchant needs a really big dollar amount.
I find Quicksilver does some clutch deals, but it could also be because they make mistakes.

[RickyR3712]

Big key factor you are missing is which one of those on the list will cut you off for not enough submissions or closing ratios to cut out your renewal book.I am not referring to doing something malicious, just having a rough quarter or having a new funder killing it for you so you do not fund much with them.

[Chambo]

Big key factor you are missing is which one of those on the list will cut you off for not enough submissions or closing ratios to cut out your renewal book.I am not referring to doing something malicious, just having a rough quarter or having a new funder killing it for you so you do not fund much with them.

more and more funds are reviewing this data....and many, if not all, WILL cut you off at some point if you are just wasting the UWers time,.....or if you are costing them money with defaults.

[RickyR3712]

more and more funds are reviewing this data....and many, if not all, WILL cut you off at some point if you are just wasting the UWers time,.....or if you are costing them money with defaults.

A couple on this list will cut you off for not enough submissions even though they change their own guidelines

[Michael I]

my theory is everyone will backdoor you or find away to cut you off if they do not see the potential of how much business you can do with them.
if you find enough business even if you have bad ratios they will ignore it . defaults are a different story because sometimes they have to adhere to their investors

[microboby]

Based out of San Diego CA my friend . The list is composed on companies I have done business with and were the top of my head . It’s crazy how many new ones solicit business every day but Ive done this for a while to just be sending files to anyone who claims can fund

[WestCoastFunding]

my theory is everyone will backdoor you or find away to cut you off if they do not see the potential of how much business you can do with them.
if you find enough business even if you have bad ratios they will ignore it . defaults are a different story because sometimes they have to adhere to their investors

This. It’s amazing how far down I’ve edited my list of funders. Got to keep the dealflow right in order to guarantee they don’t **** you. And they will **** you if given the chance.

[WestCoastFunding]

Based out of San Diego CA my friend . The list is composed on companies I have done business with and were the top of my head . It’s crazy how many new ones solicit business every day but Ive done this for a while to just be sending files to anyone who claims can fund

I would say 90% that contact us on a daily basis saying they’re funders are fakes, or scabs syndicating $10K deals.

[OF_Funder]

"It's very easy to fund, but hard to collect."

Best sentence in funding.