NextWave

TransactionCapital · #1 (**permalink**) 05-01-2013, 09:51 AM

Quick question - I'm looking for another lending source.

Has anyone had any experience with NextWave Funding? I feel like I come up against them on deals now and then and they offer OK programs, but I have also heard its an absolute nightmare to work with them and get deals approved.

Appreciate any insight.

shags33 · #2 (**permalink**) 05-01-2013, 10:32 AM

We have worked with NextWave for the past three years. They have encountered some growing pains and a move of their HO to Miami. However we have been able to place a number of merchants with NextWave. The positive is the types of programs available.

Vic_Mackey · #3 (**permalink**) 05-01-2013, 01:52 PM

Quote:

Originally Posted by TransactionCapital

Quick question - I'm looking for another lending source.

Has anyone had any experience with NextWave Funding? I feel like I come up against them on deals now and then and they offer OK programs, but I have also heard its an absolute nightmare to work with them and get deals approved.

Appreciate any insight.

Aren't they Genesis Capital under a new moniker?

TransactionCapital · #4 (**permalink**) 05-01-2013, 04:21 PM

if true, doesnt seem like a good sign. Did Genesis go under?

Quote:

Originally Posted by Vic_Mackey

Aren't they Genesis Capital under a new moniker?

skideeppow · #5 (**permalink**) 05-29-2013, 02:47 PM

Yes, used to be Genesis, I used to send a lot of business their way. Not any more.