[lkc67]

They started requiring COJ's on their deals as of a few weeks ago. Apparently they got burned on a few of their longer term offers and the 1.15-1.20 buy rates they were pushing and decided to swing the pendulum the other way.

If this were the case why would we have brought it back? We did not implement COJs as a result of getting burned on any of these deals. The results for those deals were excellent, and we have decided to offer that rate again. And yes, we will go long if needed (as long as 12 months), as we realize that the kind of merchant that qualifies for this rate will also want a longer term.

And the COJs are not as big an issue as you think, most merchants will prefer it to the strict personal guaranty on other products.

Not everything is fit for that rate, but many deals are, and we would like the chance to see them. And even deals that cannot qualify for this rate will still get a very competitive offer, with the opportunity to make 15pts.

If you have never worked with Everest before, we would love to have you as Partner. If you have not worked with us in a while, we want to see your submissions again, you will be happy with the changes in our rates and service levels.

To sign up as an ISO go here.
http://partners.everestbusinessfunding.com/

If you have any other questions, email me directly.

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