[SFC]

I recently tried signing up with BUSINESS BACKER AND ONDECK.

Both declined due to not signing new ISO's at this time.

I heard from a friend that EVEREST told them the same thing.

Is that a thing now?

Does anyone know why at least 3 funders (possibly more) that I know of are not accepting new ISO's?

Too much fraud from new ISO's. Legacy MCA players have plenty of deal flow and don't need to work with new brokers. Most deals are submitted by multiple broker's anyways, they're better off working with someone who has a track record with them.

The only way to get signed up with TBB, On Deck, etc. is either have a relationship there (which proves your real), have a big time broker vouch for you, or prove to them you have deal flow they won't be able to get elsewhere (I.e. unique partnerships/marketing for your services, etc.).

Short of that, you are out of luck.

[fundingsmbs]

Too much fraud from new ISO's. Legacy MCA players have plenty of deal flow and don't need to work with new brokers. Most deals are submitted by multiple broker's anyways, they're better off working with someone who has a track record with them.

The only way to get signed up with TBB, On Deck, etc. is either have a relationship there (which proves your real), have a big time broker vouch for you, or prove to them you have deal flow they won't be able to get elsewhere (I.e. unique partnerships/marketing for your services, etc.).

Short of that, you are out of luck.

They better pray Lendio keeps paying the light bills than