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12-19-2023, 11:49 AM #1
- Join Date
- May 2014
- Posts
- 187
Everest - Stuck In Final Review
Does anyone know what's going on at Everest/Vader? Deals have been getting stuck in final review for over 3-4 days now.
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12-19-2023, 12:20 PM #2
- Join Date
- Mar 2020
- Posts
- 133
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12-19-2023, 01:34 PM #3
- Join Date
- Nov 2013
- Posts
- 598
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12-19-2023, 04:04 PM #4
- Join Date
- Feb 2023
- Posts
- 7
Just heard from multiple brokers that EBF fell off for no legitimate reason today in final review.
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12-19-2023, 04:24 PM #5
- Join Date
- Mar 2023
- Location
- Miami
- Posts
- 40
Couple of brokers I work with have been saying the same.
If you're looking for a new home, we generally beat out Everest on $$$
Hit me up, happy to chat.Moe Braun
Rocket Capital
(C)848-318-2598
(O)786-937-3556
Moe@rocketcapllc.com
http://rocketcapllc.com
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12-19-2023, 04:50 PM #6
- Join Date
- Jun 2022
- Posts
- 16
Consider this of an outlook of how bad Vader and EBF have been lately.. Our last 15 signed deals only 2 have closed. The rest died in Final.. Not mention they were all quality SIC'S, mechanic, Wholesale, manufacturing, and even a dental office.
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12-19-2023, 04:58 PM #7
- Join Date
- Aug 2021
- Posts
- 167
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12-20-2023, 03:21 PM #8
- Join Date
- Oct 2023
- Posts
- 12
Are these clients looking for working capital or equipment? If it's equipment I'd be happy to see what I can do to get them funded
Naisha Hemphill
HIL Financial
425-296-8273
Naisha@hilfinancial.com
www.hilfinancial.com
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01-02-2024, 11:37 AM #9
- Join Date
- Nov 2023
- Posts
- 14
Capitalize Group can get these done for you. Please reach out to charles@capitalizegroup.com if you're still working any of these or have any new ones that need to get funded.
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01-05-2024, 01:39 PM #10
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Rocket is one of my faves!
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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01-05-2024, 01:50 PM #11
- Join Date
- Mar 2023
- Location
- Miami
- Posts
- 40
Thanks for the love!
We love working with you too!Moe Braun
Rocket Capital
(C)848-318-2598
(O)786-937-3556
Moe@rocketcapllc.com
http://rocketcapllc.com
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12-19-2023, 04:32 PM #12
- Join Date
- Nov 2021
- Location
- in this thread, vigorously mashing the refresh key
- Posts
- 260
EBF lost the edge when they dropped max points from 15 to 12
Vader is more useful than EBF
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12-20-2023, 10:23 AM #13
- Join Date
- Mar 2020
- Posts
- 133
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12-20-2023, 11:29 AM #14
- Join Date
- Nov 2021
- Location
- in this thread, vigorously mashing the refresh key
- Posts
- 260
It depends, all the usual suspects but mileage varies by how much they like your ISO.
Funding Metrics has always been good to me, Forward, I have a good ISO Rep at Delta, Fox is good when they want to be, Velocity CG can compete, Greenbox on their riskier paper, Rival are cool if you've worked with FM a long time in the past and they know you, Zahav are good on the riskier side of the Everest wheelhouse. Vital Cap competes as well but on the better side of the wheelhouse, they wont approve the low spectrum EBF type deals more often than not
Paper quality, position number, deposit count definitely are a factor, still need to abide by the boxes
A 110-130 day deal you have so many options now, plenty of smaller Funders that can do the same approvals if you have the relationship
Vader is still the baby deal GOAT. Wish SuperFast was still doing micro deals JOE
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01-03-2024, 10:22 AM #15
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
Jeff Pecori
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 Ext.101 | F. 646.219.7949
jeff@vitalcapfund.com
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01-05-2024, 01:43 PM #16
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Vital Cap is amazing too!
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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01-05-2024, 03:02 PM #17
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
Jeff Pecori
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 Ext.101 | F. 646.219.7949
jeff@vitalcapfund.com
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01-29-2024, 05:18 PM #18
- Join Date
- Nov 2022
- Posts
- 10
Yeah but EBF's origination fee is only 2.49%. Clean.
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01-29-2024, 05:43 PM #19
- Join Date
- Aug 2021
- Posts
- 167
Depending on deal size
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12-21-2023, 11:04 AM #20
- Join Date
- Jun 2015
- Location
- Gainesville, FL
- Posts
- 200
I am not Everest or Vader, but from a funder's perspective, it's the time of the year where a lot of files die in final review because of revenue. People closing up for vacations, potential impacts from weather for outdoor businesses up north. Of course if it's other reasons, a lot of it can be avoided by underwriting up front. But we have seen quite a few files die for the aforementioned reasons.
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12-27-2023, 05:33 PM #21
PAZ Funding Source can and will fund your deals the same day.
We are a leader in the direct funding of ISO's. Our team averages 3O MIN or less to put out an offer or decline- Once we send out an offer, you can be sure we will fund the deal. WE ARE DIRECT IN-HOUSE FUNDERS
We be happy to look at your deals - Previous Defaults are auto decline - We can fund 2nd - 5th position.
ALL submissions should be sent to Partners@PazFundingSource.com with CC to dan@PazFundingSource.com for quickest response.
Funding Guidelines Lines: www.pazfundingsource.com/funding-guide-line/
- Funding all states
- 98% customer satisfaction referral
- Commissions at 14%
- Direct Funder
- 1 hour approval
- Full commission on renewals
- Weekly payment available
- Early payment discounts
- Over 7 years in business
Daniel Gold
Paz Funding Source LLC
310-845-6112
Dan@PazFundingSource.com
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01-05-2024, 02:26 PM #22Joey Andreoni
Rocket Capital
(C)848-318-2721
(O)786-954-5086
Joey@rocketcapllc.com
https://rocketcapllc.com/
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03-28-2024, 09:51 PM #23
- Join Date
- Mar 2024
- Posts
- 247
Heard EBF has gone downhill past 6 months.
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03-29-2024, 09:05 AM #24
- Join Date
- Oct 2021
- Posts
- 56
EBF is great... By far one of the most consistent funders.
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03-29-2024, 10:03 AM #25
- Join Date
- Mar 2024
- Posts
- 10
They are not like they used to be that’s forsure
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