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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
    Member Reputation points: 22
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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: 2462 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: 86751
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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
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    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: 3706
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    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

  12. #12
    Senior Member Reputation points: 3418 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: 86751
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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
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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
    [SIZE=2][SIZE=1]Daniel Nathan

  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

  18. #18
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    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.

  19. #19
    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

  20. #20
    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

  21. #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.gif
    Last edited by keycap123; 05-17-2022 at 01:20 PM. Reason: Updated Guidelines

  22. #22

    Goat advance is accepting new iso's!

    GOAT ADVANCE IS!!!

    Amanda Schuster
    Amanda@goatadvance.com
    443-797-9714

  23. #23
    Senior Member Reputation points: 86751
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    Oak, Key and Goat, WTH.

  24. #24
    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

  25. #25
    Senior Member Reputation points: 22201
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    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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