[jake2276]

That's always an issue wth outside investors; the need to push money out the door to increase your numbers... when in truth the only increase that'll occur that counts is in the default rate.

d paper for them is, worse industry and lower credit scores.

[anonymous]

That's always an issue wth outside investors; the need to push money out the door to increase your numbers...

If I were an inside investor, which I'm not and never would be: I'd be far more concerned with performance than volume. Otherwise you're pitching investors on the fact that you can lose more money, faster than anyone else in the space lol. Give me performing deals and controlled growth, as the market is far too volatile for anything else (IMO). All these dramatic shifts in the A-Paper space makes my head spin. It is essentially the funder advertising that they really don't have this stuff figured out yet. Which is slightly concerning, because it really isn't that complicated, and the returns are fantastic! lol

[John Galt]

I've done a lot with Can, when did they take D paper?

[soscap]

If I were an inside investor, which I'm not and never would be: I'd be far more concerned with performance than volume. Otherwise you're pitching investors on the fact that you can lose more money, faster than anyone else in the space lol. Give me performing deals and controlled growth, as the market is far too volatile for anything else (IMO). All these dramatic shifts in the A-Paper space makes my head spin. It is essentially the funder advertising that they really don't have this stuff figured out yet. Which is slightly concerning, because it really isn't that complicated, and the returns are fantastic! lol

If only everybody had the same logic as you this space would be so much better off... There are so many ways to present a default rate to your investors. It's really not that difficult to make it look like it's all flowing in the right direction.

[newtomcabiz]

I've heard from a few friends at a few other broker shops that Knight cancelled their ISO agreements. Is Knight going out of business too?

[Funder Mark]

I've heard from a few friends at a few other broker shops that Knight cancelled their ISO agreements. Is Knight going out of business too?

I do not know one way or the other, but my only complaint is that I am staying later at the office, more people are signing up with us every day.

[Sachip24]

I have been hearing Knight is on its way out the door as well..but I can not confirm this information

[gail_waters]

I've heard from a few friends at a few other broker shops that Knight cancelled their ISO agreements. Is Knight going out of business too?

they told us over a week ago at my company that knights out of business

[Sean Cash]

they told us over a week ago at my company that knights out of business

if I had a dollar for every time someone said a funder was out of business, I'd be the richest person in the industry. :-)

[anonymous]

Hah! So true.

[funding pro]

I've heard from a few friends at a few other broker shops that Knight cancelled their ISO agreements. Is Knight going out of business too?

I dont think cancelling ISO agreements would be indicative of going out of business. They likely are cancelling agreements with partners who are not funding deals. I dont really understand the reason behind cancelling agreements to be honest. Just tell them you arent going to take any more deals from them and decline if they do send in files.

[anonymous]

I dont think cancelling ISO agreements would be indicative of going out of business. They likely are cancelling agreements with partners who are not funding deals. I dont really understand the reason behind cancelling agreements to be honest. Just tell them you arent going to take any more deals from them and decline if they do send in files.

Why leave yourself open to that [or any] unnecessary liability as a funder? Have to disagree with you there...

[USFUND]

Any thoughts on good alternatives to Knight? I am really happy using Kings Cash Group after knight became so difficult to get a response from, but am always open to new companies.

[Anthony@torro]

Any thoughts on good alternatives to Knight? I am really happy using Kings Cash Group after knight became so difficult to get a response from, but am always open to new companies.

If you are not already set up with a rep over here at Yellowstone, please feel free to reach out.

Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecap.com

[NoBigDeal]

Any thoughts on good alternatives to Knight? I am really happy using Kings Cash Group after knight became so difficult to get a response from, but am always open to new companies.

Pearl has been very competitive on Knight deals. 12 month terms on qualifying deals, factors starting at 1.21, no cap on dollar amount!
PM me if you're looking to get signed up

[Lmonus]

If anyone on DF has not heard about CFG Merchant Solutions - You are missing out big time!

Feel free to reach out.

Thank you,

Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com

[WestCoastFunding]

LMAO @ Fundworks email:

"DID YOUR FUNDER SHUT DOWN?
We all know CAN, Dealstruck, Windset and Knight stopped funding or severly cutback.

The Fundworks is going strong!"

[mcaguru]

Cresthill/Mantis
Fastest Offers / Fewest Stips / Double Digit Commissions / Recently we added an adjustment department to make quick adjustments.

If you have never worked with us Test us out!

[RickyR3712]

Cresthill/Mantis
Fastest Offers- lie
/ Fewest Stips-lie
/ Double Digit Commissions- true but people offer 15 now. Get with the times
/ Recently we added an adjustment department to make quick adjustments- why not price the best from the start?

[FundingCzar]

I dont think cancelling ISO agreements would be indicative of going out of business. They likely are cancelling agreements with partners who are not funding deals. I dont really understand the reason behind cancelling agreements to be honest. Just tell them you arent going to take any more deals from them and decline if they do send in files.

It's so they don't have to pay on renewals, and for legal liability.

[mcaguru]

Cresthill/Mantis

/ Recently we added an adjustment department to make quick adjustments- why not price the best from the start?

If underwriter prices at 110K and ISO comes back and said XYZ funding house is offering 120K we may offer 125K to win the file.

[lendinghand]

News on Knight Capital...

Our ISO rep just left Knight. He said that they lost their credit line and they're on their way down.

The industry is changing!

[Sean Cash]

News on Knight Capital...

Our ISO rep just left Knight. He said that they lost their credit line and they're on their way down.

The industry is changing!

Can you trust someone who just quit or got fired from their job? How many people quit their jobs and go around saying the company they worked for is going down?

[fma123]

oh snap, breaking news, Knight has just received a 25 million dollar credit line from President elect Donald Trump and have saved 4 jobs!!!

[fma123]

"Knight going under? Good! Get on the phone and freakin' dial!!!!"