Results 1 to 25 of 45
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07-21-2021, 04:16 PM #1
- Join Date
- Jun 2021
- Posts
- 13
Funders not accepting new isos ???
I recently tried signing up with BUSINESS BACKER AND ONDECK.
Both declined due to not signing new ISO's at this time.
I heard from a friend that EVEREST told them the same thing.
Is that a thing now?
Does anyone know why at least 3 funders (possibly more) that I know of are not accepting new ISO's?
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07-21-2021, 04:24 PM #2
- Join Date
- Jun 2021
- Location
- New York
- Posts
- 26
Were accepting new ISO's here at Avanza if your interested. Just shoot me over an email and well get you signed up!
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07-21-2021, 04:27 PM #3
- Join Date
- Jul 2014
- Posts
- 92
TBB and On Deck are both Enova so it makes sense they would have the same policy. The truth is most funders that say they aren't accepting new ISOs actually will, but they don't want to onboard anyone off the street. They want to see a proven track record and/or take new ones by referral (your BD rep at a funder you work with knows someone at that funder and vouches for you).
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07-21-2021, 04:37 PM #4
- Join Date
- Feb 2019
- Posts
- 96
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07-21-2021, 04:37 PM #5
- Join Date
- Jun 2021
- Posts
- 13
Thank you for that!! @ OC FUNDER
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07-21-2021, 04:56 PM #6
- Join Date
- Dec 2019
- Posts
- 65
We are accepting new iso's. Strictly A paper.
Benjamin Lugassy
SOS Capital
blugassy@soscapital.com
P:212-235-5462
F:212-235-5459
www.soscapital.com
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07-21-2021, 05:32 PM #7
The sigma ISO play is to not accept new lenders when they call you
If you know you know
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07-21-2021, 05:52 PM #8
- Join Date
- Jun 2021
- Location
- New York
- Posts
- 31
We're currently accepting new ISOs. A-C paper focusing on B/C more so. Looking forward to working together. Email me more than happy to chat on a call also
Brian O'Neill • ISO Relations Manager
VitalCap Fund | 48 Wall St., 10th floor | New York, NY 10005
P. 845-665-1845 | F. 646.219.7949 | Briano@vitalcapfund.com
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07-21-2021, 08:04 PM #9
- Join Date
- Feb 2018
- Posts
- 1,349
Enova is very corporate. In a way, IMO, I think companies that get acquired lose their culture and personnel . TBB and ODC are not the same as when they operated independently , IMO.
As far as Everest not accepting you, there are a ton of companies doing the same thing as them.
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07-27-2021, 04:07 PM #10
- Join Date
- Jul 2021
- Posts
- 28
We are accepting New ISOS ... Reach me out today so I can send you an ISO agreement
looking forward
Daniela G. l ISO Relations
Direct:1(201)-616-6331
Fax:1(315)-758-1743
35-12 SUITE 3-W 19TH AVE,
ASTORIA, NY 11105
Website: www.MrAdvancellc.com
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07-27-2021, 04:39 PM #11
- Join Date
- Jan 2017
- Posts
- 388
We are currently accepting new ISO's as well Funding B-, C and D paper all day long
Paul Boxer
Merchant Marketplace
Chief Operating Officer
Chief Revenue Officer
Cell: (516) 805-9209
paul@merchantmarketplace.com
www.merchantmarketplace.com
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07-28-2021, 09:46 AM #12
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07-28-2021, 10:38 AM #13
- Join Date
- Sep 2019
- Posts
- 402
Too much fraud from new ISO's. Legacy MCA players have plenty of deal flow and don't need to work with new brokers. Most deals are submitted by multiple broker's anyways, they're better off working with someone who has a track record with them.
The only way to get signed up with TBB, On Deck, etc. is either have a relationship there (which proves your real), have a big time broker vouch for you, or prove to them you have deal flow they won't be able to get elsewhere (I.e. unique partnerships/marketing for your services, etc.).
Short of that, you are out of luck.
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07-28-2021, 11:02 AM #14
- Join Date
- Nov 2020
- Posts
- 66
Spartan Capital is still accepting new ISO Partnerships. Reach out to me when you get a chance and lets talk business.
Matt Spinelli
ISO Manager
Spartan Capital
305-677-9487
matt@spartancapitalgroup.com
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07-28-2021, 01:16 PM #15
- Join Date
- Feb 2018
- Posts
- 1,349
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07-28-2021, 01:52 PM #16
- Join Date
- Jul 2021
- Location
- New York City
- Posts
- 47
IBEX FUNDING GROUP is accpeting new ISO's. We'll give you an approval in 10 minutes.
We accept most paper and will beat anyone on a reverse.
Send an email to get you signed up[SIZE=2][SIZE=1]Daniel Nathan
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07-29-2021, 04:49 PM #17
- Join Date
- Mar 2017
- Posts
- 37
If you are looking to offer factoring, I am happy to speak with you and bring you onboard as an ISO. We factor in a 2nd position as well as offer medical factoring.
Kevin Sampson
Capital Solutions Bancorp
http://capitalsolutionsbancorp.com
ksampson@capitalsolutionsbancorp.com
706-745-8435 Office
561-436-5883 Cell
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08-02-2021, 11:48 AM #18
- Join Date
- Mar 2021
- Location
- Queens
- Posts
- 17
Mr.Advance is signing up new ISO's.
Reach me at James@mradvancellc.com I'm sure there's an area we can be of great benefit to you.Last edited by MrAdvance; 08-02-2021 at 11:52 AM.
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08-02-2021, 11:55 AM #19
- Join Date
- Nov 2020
- Posts
- 14
Reach out to me at FundFi - we fund B/C paper but we can compete with shops like OnDeck until they go out past 8/9 months. eric@fundfimerchantfunding.com
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02-08-2022, 12:44 PM #20
- Join Date
- Feb 2022
- Posts
- 9
Oak Advance is now accepting ISO'S
Our box:
A-C risk
Funding amounts up to 350K
Up to 15 months payback
Daily and weekly payments are available.
Buy rates starting at 1.27
Up to 14 points commission on new deals and renewals.
Under 2 hour turnaround on submissions.
Reverse consolidations offering up to 50% discounts on existing payments
For the next 30 days we are offering a 2% bonus on all deals funded with Oak (promotion valid through 3/2/2022)
Rikki Stone
305-785-8564
Rikki.s@oakadvance.com
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02-08-2022, 01:35 PM #21
updated Banner.gif
Key Capital Group is onboarding new ISO's!
We are a High-Risk & entertain Defaults. We are also flexible with our offers as we try to give our Partners all the tools they need to succeed.
Please feel free to call me to get acquainted & to discuss potential deals.
- Direct Funder in the MCA Arena
- Same Day Approvals & Smooth Funding Process
- No Restricted Industries
- No credit checks
- Minimal Paperwork & DocuSign Agreements
- Dedicated Experienced Underwriters with Fast Decisions
We specialize in:
- Large deals
- High risk
- B to D Paper
- 1st to 12th position
- Default deals are entertained on a deal by deal basis (Satisfied judgments, payment plan, time of default & more)
- Other Company Declines (Deals that are hard to get offers on)
- Reverse Consolidation (Daily ending balances must be at least 5k to 10k. The term left on the advance needs to end within 40 days
or less. 0 bounced payments & paying minimum of 50k monthly in MCAs)
- Exceptionally competitive with dollar amount for high revenue merchants
Our Product:
10k to 3MM (For increase of funds, a deal by deal basis)
Terms up to 95 days (Flexible with large funding amounts)
Weekly payments available (Deal by deal basis)
Early Payoff Discounts (Deal by deal basis)
Instant DocuSign contracts
All Submissions are priced at 1.49 with broker discretion to down sell
Funding Criteria
-Minimum monthly revenue - $50,000
-Minimum monthly deposit count - 5
-Average daily balances - $1,500.00
-Time in business - 6 Months (12 months preferred)
-All credit scores accepted
-No credit checks (We focus on healthy ledgers and payments history)
-Restricted industries minimum monthly revenue - $100,000
-Canada - Yes, but must be a US bank account
-Tax Liens - Must be on payment plan
-Ownership 100% (All parties must sign)
Gill Navarro
Director of ISO Relations
Direct: 1(862)-303-3225
Email: Gill@keycapitalfunding.com
Website: https://keycapitalfunding.com/iso/
updated Banner.gifLast edited by keycap123; 05-17-2022 at 01:20 PM. Reason: Updated Guidelines
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02-08-2022, 02:12 PM #22
- Join Date
- Dec 2021
- Posts
- 30
Goat advance is accepting new iso's!
GOAT ADVANCE IS!!!
Amanda Schuster
Amanda@goatadvance.com
443-797-9714
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02-08-2022, 04:49 PM #23
- Join Date
- Feb 2018
- Posts
- 1,349
Oak, Key and Goat, WTH.
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05-17-2022, 12:39 PM #24
- Join Date
- Mar 2022
- Posts
- 89
My name is Steve, my company is BizConnect and I’ll keep this quick.
We are running scalable Lead Generation platforms for over 70 of your competitors that are performing VERY well.
I can explain the process in 10 minutes or less and have leads flowing to you and your team within a few days if you like it.
It works for all financial service businesses including Merchant Cash Advance, Invoice Factoring, Equipment Financing, Hard Money Lending, Residential Mortgage and more…. Basically, for any business that needs Exclusive, Real Time Leads, Clients, Customers, Patients, etc.
If you could find some time this week or next, let’s meet and talk for a few minutes to see if it fits your business – I think you’ll love what we do….
Here is a link to my Calendar, let me know when you are available:
https://calendly.com/steve-0412/free...&month=2022-02
Thanks,
Steve
Steve Rosenblum
Senior Vice President of Sales
516.383.8407
steve@bizconnectads.com
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05-17-2022, 02:46 PM #25
- Join Date
- Dec 2021
- Posts
- 637
Should the economy take a hit it would not surprise me if some funders stop taking on new partnerships...
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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