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  1. #1
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    Which Funders Are No Longer Operating/Out of business?

    Ive heard but not 100%:
    Nextwave
    High Speed Capital
    Superfast Capital

    Who else??

  2. #2
    Senior Member Reputation points: 6995 NationalCorporateData's Avatar
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    NextWave is still funding. They posted a week or two ago that they've just adjusted guidelines and are focused on larger files.

  3. #3
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    oh ok. where did they post that, link for thread?

  4. #4
    Senior Member Reputation points: 6995 NationalCorporateData's Avatar
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    Quote Originally Posted by rhum2016 View Post
    oh ok. where did they post that, link for thread?
    Not seeing the thread anymore, it was something vague saying they went out of business but someone from NextWave responded that they're still operating and had adjusted guidelines.
    Maybe the thread was removed because it wasn't accurate information.

  5. #5
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    ty

  6. #6
    High Speed Capital is one of our platforms, maybe you're thinking of another funder with a similar name.
    Anthony
    Senior Funding Coordinator
    Anthony@fundersconnect.com
    Direct: (516)-282-0933
    Fax: (646)-403-3092

  7. #7
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    Quote Originally Posted by rhum2016 View Post
    Ive heard but not 100%:
    Nextwave
    High Speed Capital
    Superfast Capital

    Who else??

    It doesnt seem like anyone important. I feel like the market didnt skip a beat. Im still seeing the usual suspects funding, EBF, Mantis, Forward, Etc.... You can tell their guidelines definitely changed but I cant imagine there no home for deals at this point. Everyone is funding.

  8. #8
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    Snap takes 2 weeks to get back on a deal soooo

  9. #9
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    Lendini and quicksilver claim they are still funding but haven't heard or seen anything from them since covid

  10. #10
    Member Reputation points: 2281 Magicmike18's Avatar
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    I feel like good portion companys are not operating right now but they have to much pride to say so they pretend like they still are.

  11. #11
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    Quote Originally Posted by Anthony@fundry View Post
    High Speed Capital is one of our platforms, maybe you're thinking of another funder with a similar name.
    No, i was thinking of them. But it helps that they are part of your group

  12. #12
    Quote Originally Posted by rhum2016 View Post
    No, i was thinking of them. But it helps that they are part of your group
    You're misunderstanding, High Speed Capital is Fundry, not a white label for anyone else.
    Anthony
    Senior Funding Coordinator
    Anthony@fundersconnect.com
    Direct: (516)-282-0933
    Fax: (646)-403-3092

  13. #13
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    Quote Originally Posted by Anthony@fundry View Post
    You're misunderstanding, High Speed Capital is Fundry, not a white label for anyone else.
    i didnt say they were a white label for any other group. When you say HSC is Fundry to me that means they are one of many entities that are white labeling under the Fundry brand, correct?

  14. #14
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    Quote Originally Posted by Magicmike18 View Post
    I feel like good portion companys are not operating right now but they have to much pride to say so they pretend like they still are.
    This right here.

  15. #15
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    Quote Originally Posted by rhum2016 View Post
    i didnt say they were a white label for any other group. When you say HSC is Fundry to me that means they are one of many entities that are white labeling under the Fundry brand, correct?
    Not a white label. Legit funders putting their own money into deals with a platform that's all connected under one roof. All of your old "Yellowstone" doing the same thing under different brand names.
    https://fundrycap.com/approved-vendors/
    Interesting High Speed isn't there, but I don't think Anthony would lead us astray!
    Micah Markowitz | mmarkowitz@abfunders.com | 855-33-GO-ABF (direct)

  16. #16
    The vendor list is each individual reps Corp names, has nothing to do with the platforms/funding entities we use. Whether it's green capital, high speed, capital advance services, capital merchant service, advance merchant services, etc, it's all the same. It's just a name that gets picked from a drop down list to put it very simply.
    Anthony
    Senior Funding Coordinator
    Anthony@fundersconnect.com
    Direct: (516)-282-0933
    Fax: (646)-403-3092

  17. #17
    Senior Member Reputation points: 158599 ryan $'s Avatar
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    Quote Originally Posted by rhum2016 View Post
    i didnt say they were a white label for any other group. When you say HSC is Fundry to me that means they are one of many entities that are white labeling under the Fundry brand, correct?
    smh

  18. #18
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    I consistently get marketing emails from Lendini saying they are up and running.

  19. #19
    Recently received approvals from quicksilver & lendini. Quicksilver seems to be capping at 80 days. Lendini has a very small box. Was out of business until july but they do give offers. Not as competitive as they used to be but that is expected

  20. #20
    Quote Originally Posted by rhum2016 View Post
    Ive heard but not 100%:
    Nextwave
    High Speed Capital
    Superfast Capital

    Who else??
    Heard Superfast is coming back before the year end. We'll see if thats true i guess.

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