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  1. #1

    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?

  2. #2
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    Were accepting new ISO's here at Avanza if your interested. Just shoot me over an email and well get you signed up!
    Joe Moberg
    ISO Manager
    Avanza Capital
    O: 718-701-6032
    M: 917-734-6939
    joem@avanzacapitalllc.com

  3. #3
    Quote Originally Posted by LULUADAM View Post
    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?
    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).

  4. #4
    Quote Originally Posted by OC Funder View Post
    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).
    Im surprised EBF wouldn't let you board, they take everyone. Most top tier funders make it hard to sign up compared to lil guys who barely need anything

  5. #5
    Thank you for that!! @ OC FUNDER

  6. #6
    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

  7. #7
    Member Reputation points: 2331 Max Upsell's Avatar
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    The sigma ISO play is to not accept new lenders when they call you
    If you know you know

  8. #8
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    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

  9. #9
    Senior Member Reputation points: 66873
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    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.

  10. #10
    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

  11. #11
    Senior Member Reputation points: 2625
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    We are currently accepting new ISO's as well Funding B-, C and D paper all day long
    Paul Boxer
    Director ISO Relations

    Cell: (516) 805-9209
    paul@thryvecapital.com
    www.thryvecapital.com

  12. #12
    Senior Member Reputation points: 3384 kevin85k's Avatar
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    Quote Originally Posted by ben2020 View Post
    We are accepting new iso's. Strictly A paper.
    Benny and SOS are fantastic. They always follow up and very quick.

  13. #13
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    Quote Originally Posted by LULUADAM View Post
    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?

    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.

  14. #14
    Quote Originally Posted by LULUADAM View Post
    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?
    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

  15. #15
    Senior Member Reputation points: 66873
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    Quote Originally Posted by SFC View Post
    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.
    They better pray Lendio keeps paying the light bills than

  16. #16
    Member Reputation points: 10
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    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
    Daniel Nathan

    ISO Relations
    Ibex Funding Group
    C:818-319-5220
    O:347-618-2231
    E: Daniel@ibexfundinggroup.com

    Will fund you and your girlfriend

  17. #17
    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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