At a Glance
Rating Breakdown
About Everest Business Funding
Everest Business Funding has been in New York since 2014. Over $1.5 billion funded to small and mid-sized businesses, and the whole model comes down to one bet: if your deposits land consistently, you should pay less than the business owner whose bank account looks like a roller coaster. Their underwriting puts monthly deposit consistency ahead of personal credit scores. Analysts dig into average daily balances, how often deposits land, and whether your revenue trend line is flat, climbing, or sliding. A business owner with a 560 credit score but 18 months of steady $50K monthly deposits? Gets a better factor rate here than at most competitors. Advances from $5K up to $750K at factor rates of 1.15-1.45, with daily, weekly, or bi-weekly ACH. That $750K ceiling is higher than most mid-market funders will go. No application fees. UCC-1 lien and personal guarantee are standard on every deal.
Key Features
Revenue-First Underwriting
Your credit score matters less here than your deposit history. Show Everest 6+ months of steady bank deposits and they price the deal off your revenue strength, not the 580 on your credit report.
High Advance Limits
Up to $750K in a single advance. Most mid-market MCA funders cap at $500K. The higher ceiling is available for businesses that can demonstrate consistent revenue and strong repayment capacity.
Flexible Payment Schedules
Pick daily, weekly, or bi-weekly ACH depending on how your cash flow works. A restaurant might want daily. A wholesaler who gets paid every two weeks might prefer bi-weekly.
Dedicated Funding Advisor
You get one person who owns your deal from application through funding. When it is time to renew, that same advisor handles it. No getting bounced between departments.
Renewal Rate Improvements
Pay on time and the next advance gets better: lower factor rate, higher ceiling, faster processing. Everest tracks your repayment history and adjusts pricing accordingly.
How It Works
Online Application
Fill out the application online and upload 3 months of bank statements. Takes about 10 minutes.
Revenue Analysis
Everest's team looks at your deposit patterns, daily balances, and revenue trends. They care about consistency more than raw numbers.
Custom Offer
You get an offer with the factor rate, advance amount, total repayment, and payment schedule spelled out clearly.
Accept & Get Funded
Sign electronically. Money in your account within 24-48 hours.
What They Do
- Merchant Cash Advance
- Revenue-Based Financing
- Working Capital
- Business Expansion Funding
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Working Capital
- Short-Term Advance
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Auto Repair Chain Expansion
Three auto repair shops in New Jersey pulling in $180K monthly like clockwork. The owner wanted $400K to open a fourth location. Banks wanted a mountain of documentation and 6 weeks to think about it.
Medical Practice Equipment Upgrade
Dental practice, $95K monthly revenue. The dentist needed $150K for digital imaging equipment and an office refresh to keep up with newer practices in the area.
Pros & Cons
Pros
- Revenue-first approach benefits businesses with strong cash flow
- Advance limits up to $750K exceed most competitors
- Flexible repayment schedules including bi-weekly options
- Renewal rate improvements reward strong repayment history
- Fast funding within 24-48 hours of approval
Cons
- Requires demonstrable revenue consistency for best rates
- Factor rates on the higher end for businesses with inconsistent deposits
- Minimum 1 year in business required for most products
User Reviews (20)
the deposit consistency analysis is genuinely smart underwriting
Everest's analysts dig into your average daily balance, deposit frequency, and revenue trends. My boutique deposits $38-42K every month within a tight range. That consistency earned me one of their best factor rates: 1.18 on a $60K advance. The underwriting rewards stability over raw revenue size. A business doing $100K/month with wild swings will pay more than a $40K/month business with steady deposits. Smart approach that rewards good operators.
good funder but the personal guarantee makes me nervous
Everest requires a personal guarantee on every deal. That means if my plumbing business fails and I can't repay the advance, they can go after my personal assets — house, car, savings. Every MCA does this but it's still a big pill to swallow. Got $45K at 1.24. The advance itself is working great for my business. I just wish there was an option for a larger advance amount without the PG.
solid funder but the origination fee is a gotcha
The factor rate of 1.20 looked amazing. Then I saw the 2.5% origination fee on top. On a $40K advance that is another $1,000 deducted from my funding amount. So I asked for $40K but received $39,000. The total cost is still competitive but the origination fee should be more prominently disclosed. My bakery deal worked out fine overall but make sure you ask about ALL fees, not just the factor rate.
a+ BBB rating gave me confidence to apply
I'm naturally skeptical of MCA companies. Everest's A rating with the BBB and positive reviews across Trustpilot gave me enough confidence to apply. My experience matched the reviews — professional, transparent, and efficient. $35K at 1.22 for my event planning business. Funded in 48 hours. The BBB rating isn't just a badge — it reflects a company that actually handles complaints well.
decent product but nothing that stands out
Everest gave me $35K at 1.26. Daily ACH of $245 over 180 days. Standard MCA terms, standard process, standard everything. Nothing particularly good or bad about the experience. The revenue-first underwriting is nice but every funder looks at bank statements. The dedicated advisor is nice but most funders assign you a rep. I just didn't see what makes Everest notably different from 20 other funders doing the same thing.
deposit consistency is king at Everest
My deli deposits between $35K and $42K every month like clockwork. That consistency earned me a 1.20 factor rate on $30K. My friend runs a catering business with wild swings — $15K one month, $70K the next. Same revenue average but Everest quoted him 1.38 because the volatility spooked their underwriting. If your deposits are steady, Everest rewards you. If they swing, you'll pay a premium.
revenue-first underwriting saved me with a 580 credit score
My personal credit is 580 from some old medical debt. Every bank and most MCA funders treated me like a leper. Everest looked at my deposit history — 18 months of steady $50K+ monthly deposits — and priced the deal off that instead. Got $75K at 1.22 factor rate. The revenue-first approach means your business performance matters more than your personal credit history. This is how underwriting should work everywhere.
decent but the advance amount was lower than I wanted
Applied for $80K. Everest approved me for $55K based on their revenue analysis. Their algorithm determined my monthly deposits only supported a $55K advance without over-leveraging my cash flow. They were probably right but it was frustrating to not get what I asked for. Other funders would've given me the full $80K and let me figure out the payments. Everest is more conservative which is either a pro or a con depending on your perspective.
higher limit than expected for a gym
Gyms can be tricky for MCA because membership-based revenue looks different from daily POS transactions. Everest understood my model — $65K in monthly ACH membership payments plus $20K in daily retail/supplement sales. They looked at both revenue streams and approved me for $100K at 1.25. Other funders only counted the card sales and offered way less. Everest's revenue analysis is more sophisticated.
the dedicated funding advisor model works
Same advisor from application through funding AND renewal. When I called about a question 3 months in, she knew my business, my deal terms, and my repayment history without looking anything up. That continuity matters when you're dealing with financial products this important. Got $50K at 1.22 for my auto shop. When renewal time came, same advisor handled it and got me 1.18 on the second round. Relationship banking done right.
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Important Merchant Cash Advance Disclaimers
- A merchant cash advance is not a loan. It is a purchase of future receivables at a discount. Factor rates, not APRs, are used to express the cost of capital. Effective APRs on merchant cash advances can range from 40% to over 350% depending on the term and factor rate.
- Repayment is typically collected daily or weekly via automatic ACH debits or a percentage of credit card sales. This means your repayment amount fluctuates with revenue but withdrawals occur every business day, which can strain cash flow during slow periods.
- Most MCA agreements require a personal guarantee from the business owner. In the event of default, the MCA provider may pursue the owner's personal assets, including bank accounts and property.
- MCA providers commonly file UCC-1 liens against your business assets. This lien may prevent you from obtaining additional financing until the advance is fully repaid and the lien is released.
- Merchant cash advances are not regulated by federal lending laws such as the Truth in Lending Act (TILA). State regulations vary widely, and some states have limited consumer protections for MCA products.
- Stacking multiple merchant cash advances (taking a second advance before the first is repaid) significantly increases the risk of default and can lead to aggressive collection actions including confessions of judgment in some jurisdictions.
- Zogby does not provide merchant cash advances or business financing. We are an independent comparison service. We do not fund advances, process applications, or guarantee approval on your behalf.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
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