Results 1 to 11 of 11
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02-22-2016, 02:36 PM #1
WTF HOLY S**T Everest
So Everest is now going as low as 1.15, with terms of 12 months, and still doing the 1.4 over 4 months. Are they now considered an A,B,C, or D funder, or a combination of the above? What are they being used for by ISO's? What programs are you seeing the most out of?
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02-22-2016, 02:42 PM #2
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better question is how are the other c,d lenders getting any deal flow now
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02-22-2016, 02:47 PM #3
No complaints on my end. Besides, we fund deals that Everest will not, so I am not feeling any pinch.
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02-22-2016, 02:52 PM #4
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Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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02-22-2016, 03:02 PM #5
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02-22-2016, 03:06 PM #6
Everest is strict with who they will work with, ISO's have been blacklisted with them. They will fund a 3rd position, not more, strict on the daily balances and negative days. I was trying to find out if ISO's are using them now for more of their higher quality deals.
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02-22-2016, 03:17 PM #7
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to answer your question the rate is good but for the a paper 12 months wont win the deal any more . they are getting 18-24 months . also since those lenders will go out further they are also offering more money to the merchant .
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02-22-2016, 03:22 PM #8
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02-22-2016, 03:26 PM #9
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Side note this is in no way a reflection of my feelings towards Everest as YSC and Everest do a TON of business and I am syndicated about 100K on one deal with them on the 4th renewal.
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02-22-2016, 03:31 PM #10
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02-22-2016, 03:37 PM #11
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Hey man!
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