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12-29-2015, 10:59 AM #1
- Join Date
- Sep 2014
- Posts
- 25
Knight Capital Funding
Anyone having issues with them? I have submitted several deals for funding and all I keep hearing is that they are backed up. Its been almost a week and still no funds. I hope they aren't going out of business. Please advise.
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12-29-2015, 11:27 AM #2
- Join Date
- Jun 2014
- Posts
- 195
I am seeing the same thing. The word on the street is their is a major hiccup getting their new credit line funded and they are out of fresh money on their old one
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12-29-2015, 11:43 AM #3
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
^Has the "Word on the street" been verified by anyone with inside knowledge? Could just be hearsay yah know?
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12-29-2015, 11:45 AM #4
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12-29-2015, 11:57 AM #5
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Figured as much, that's why I am always interested to hear from someone who actually has something to do with Knights Finances. Not that I expect a funding company to come out and say, "Don't send us your deals bc we're broke!" But you never know?!?
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12-29-2015, 12:07 PM #6
Even then, lets say they are running a little low on their line. All it really takes is one or two admins leaving, and their whole submission process could grind to a stop.
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12-29-2015, 12:16 PM #7
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
You are correct. Spot on. I have had this issue a few times. The worst is when you have a skeleton crew and then maybe a server issue or some tech difficulties and all Hell breaks loose. The next thing you know you have a headline of "So and So GOES BANKRUPT"!! What a joke.
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01-05-2016, 11:16 AM #8
- Join Date
- Jul 2015
- Posts
- 58
They are either that busy or running out of money employees don't even respond to kind words like thank you and please
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01-06-2016, 12:09 PM #9
- Join Date
- Jun 2015
- Posts
- 3,325
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01-27-2016, 11:36 PM #10
I had 2 deals with them from last Thursday got funded today, Roodley my previous ISO manager left them and I am working with someone call Rita Covington, She was very responsive but all she said was " In Verification" I spoke to some senior guys in there and found out they have 2 verification team, One of the team doesn't work out from the same office so they have a lot of dependency on them. I was told that "we know exactly what you know but, I will go ahead and call them for you" So I guess they are having some man power issues.
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03-31-2016, 04:30 PM #11
- Join Date
- Jan 2016
- Posts
- 54
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01-05-2016, 11:19 AM #12
Knight is still rocking
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02-23-2016, 10:25 AM #13
- Join Date
- Jul 2014
- Posts
- 1,746
Does anyone have a good ISO rep at Knight? We are getting rid of our current lower tier lender, they have become a nightmare to deal with.
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02-23-2016, 10:30 AM #14
- Join Date
- Jun 2015
- Posts
- 3,325
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03-31-2016, 05:01 PM #15
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