[OC Funder]

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?

TBB and On Deck are both Enova so it makes sense they would have the same policy. The truth is most funders that say they aren't accepting new ISOs actually will, but they don't want to onboard anyone off the street. They want to see a proven track record and/or take new ones by referral (your BD rep at a funder you work with knows someone at that funder and vouches for you).

[Ifunddaily]

TBB and On Deck are both Enova so it makes sense they would have the same policy. The truth is most funders that say they aren't accepting new ISOs actually will, but they don't want to onboard anyone off the street. They want to see a proven track record and/or take new ones by referral (your BD rep at a funder you work with knows someone at that funder and vouches for you).

Im surprised EBF wouldn't let you board, they take everyone. Most top tier funders make it hard to sign up compared to lil guys who barely need anything