[whiterabbit]

Is Knight still funding?

I heard a rumor that they were only funding through their SBA portal Ready Capital direct and are no longer offering an MCA product. Is anyone funding deals with them still or heard anything?

thanks.

[TheUnderwriter]

They shut down MCA funding back in November

[SendDocsPlox]

Nov 7th they sent out an email stating they were pausing MCA originations to do SBA w/ Ready Capital

They did state they would send an email out when they resume MCA products, implying they would eventually do it again

[abfunders]

https://dailyfunder.com/showthread.p...es-with-Knight
From what the rumors are, it seems like that they keep shutting down MCA originations when they need to do more collections. At least this time they admitted it rather than hold docs for 9 days and not fund it.

[SendDocsPlox]

https://dailyfunder.com/showthread.p...es-with-Knight
From what the rumors are, it seems like that they keep shutting down MCA originations when they need to do more collections. At least this time they admitted it rather than hold docs for 9 days and not fund it.

The 45 minutes of Knight hold music

[GTM]

45min ? I remember hours!

[Paz]

We are happy to take look at your files and see how we can assist