Entities
Which enitity was founded first?
Everest
ISO is an abbreviation for?
Independent Sales Organizaton
What is the first step of our process?
Submissions
What does PIF stand for?
Paid In Full
What does RBF stand for?
Revenue Based Financing
Which enitity funds the highest amount?
Granite
What documents do ISO's need to submit?
3 most recent Bank statements and completed application
What is the maximum percentage of business revenue that can be funded?
75%
What status means a merchant is actively making payments?
Performing
Industries we don't fund?
Law firms, Auto dealerships, and other funding entities
Which funding entity takes the most risk?
Vader
How far does our ISO network extend geographically?
What step determines true vs non-revenue?
Bank analysis
What is the status for when a merchant stops paying?
Default
What would be the advantages of this type of funding?
Speed, Convince, Soft credit pull, No interest
Which entity contacts merchants who apply online?
Alpine
Who works as our in house ISO?
What stipulations are needed to request contracts?
ID, Bank verification, and Voided check
After what percentage of a pay off can a merchant refinance?
50%
Potential reasons a business needs funds?
Payroll, Expansion, Working Capital, etc.
What entity provides invoice factoring?
Aspen
Volume, Consistency and relationship history impacts an ISO's...
Priority
Which step conducts a funding call?
Final Underwriting
What is the worst payment status?
Charge off
How much does Everest fund in a day?
2.2 million