Everest business funding lawsuit

A Florida company is suing over another company it alleges breached a contract for the purchase of future receivables. EBF Holdings LLC, doing business as Everest Business Funding, filed a lawsuit July 1 in the Cook County Circuit Court against Homewood Mobile, doing business as S&S Mobil. According to the complaint, EBF Holdings entered into a contract with Homewood Mobile on Jan. 31, when the plaintiff purchased all rights to the defendant's future receivables with an agreed upon value of $144,000. EBF asserts the defendant approved a bank account from which it could make daily withdrawals from until the $144,000 was paid, but eventually impeded the withdrawals before paying the full amount. The suit includes counts for breach of contract and unjust enrichment. EBF Holdings is seeking $106,800, the amount the defendant still allegedly owes, as well as attorney's fees, costs and interest. EBF is represented by attorneys with Bleecker, Brodey & Andrews in Indianapolis. Cook County Circuit Court Case No. 2014L006936. This is a report on a civil lawsuit filed in the Cook County Circuit Court. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.

• Please join the DailyFunder community and register. If you don't get the confirmation email, contact [email protected]. You can't post to the forum without it. • Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name. This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail addresses are highly discouraged. A group of debt settlement companies and ISOs have entered into a settlement they’re unlikely to forget. A lawsuit that accused Corporate Bailout, Protection Legal Group, Mark Mancino, Michael Hamill and others of tortious interference with merchant cash advance contracts has led to a settlement in which the defendants agreed to pay Yellowstone Capital and Everest Business Funding $500,000. They also agreed not to offer any services to Yellowstone or Everest merchants in the future, deBanked has learned. The original complaint alleged that ISOs had partnered with companies that purport to offer debt relief services to merchants with MCAs. In practice, the complaint said, debt relief was a code word for deceiving merchants to breach their existing agreements so that they could pay fees instead to the debt relief companies. When asked to comment, Yellowstone Capital CEO Isaac Stern said that there were companies that offer this kind of service the right way but that was...

Summary: Sued by Everest Business Funding? Based in Doral, Florida, Everest Business Funding is an online provider of loans and merchant cash advances. Typically they provide these loans, including merchant cash advances programs, to small businesses in need of working capital. If you default on a loan with Everest Business Funding, you may receive information in the mail regarding a lawsuit. It is essential to respond to this lawsuit as soon as possible. Here's everything you need to know about Everest Business Funding and how to beat them in court. What is a merchant cash advance? Merchant cash advances are a specific amount of money that is given to a business, in exchange for a percentage of their future credit card sales or receivables. Unfortunately, this can lead to trouble for the receiver. When a provider such as Everest Business Funding gives a merchant cash advance, they will take a portion of each transaction thereafter until the advance plus a fee is paid off. These types of short-term loans have incredibly high APR rates, which can end up running new businesses into the ground. Cash advances are often used to finance more expensive products, as compared to small business loans. The cash advance can be used to pay for equipment, hire employees, make renovations, or any other business expense. The problem lies if you cannot pay back the advance, or there ends up being a stop in the flow of income from your business. When Everest Business Funding doesn't get its...

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Moshe Schoenwald, Guarantor Of Three Loans, And His Company Streamlined Consultants of Suffern, File Three Suits Challenging Funders By Rick Tannenbaum A Rockland business consultant is one of a handful of plaintiffs represented by a Manhattan law firm that is trying to set precedent establishing that the sale of business receivables to finance companies are actually loans subject to New York’s usury laws. At aim are companies like Everest Business Funding, Flash Advance, Forward Funding and Liberty Funding Solutions which purchase a business’s future receipts at a discount in exchange for immediate cash. The terms of these agreements specify the transactions are not loans and that repayment is not subject to any interest rate or payment schedule. The funding companies purchase future receipts at a substantial discount, and remit the lesser amount to the seller (less origination, funding, and processing fees). Over time, usually between four and eight months, the funder withdraws a certain amount of money every day from the business’s bank account until the total value of the sold receipts is paid back. The Levenson Law Group on behalf of Moshe Schoenwald, owner of Streamlined Consultants of Suffern, NY, last week filed three suits in the Supreme Court of Rockland County alleging the funding entities have engaged in practices of usury and has asked the Court to determine whether these are advances or loans, to modify or nullify the agreements, and charging fraud against ea...

On 02/24/2021 EBF Partners LLC d/b/a Everest Business Funding filed a Contract - Debt Collection lawsuit against Celina Concrete LLC and Brenden Lynn Kurtz. This case was filed in Collin County Courthouse, Collin County Courthouse located in Collin, Texas. The Judge overseeing this case is Baxter, Lance. The case status is Pending - Other Pending.

• Home • About Michael • Blog • Free Blueprint • Reviews • The Good • Entre Institute Reviews – The Ultimate Entrepreneur Blueprint • Wealthy Affiliate • Appen • The Scams • Is Commission Plan X A Scam? Weird Commission Plan Makes You Millions? • End Financial Stress Now Review – Is It A Giant Scam or Make $3,475.65 A Day? • Is Grant Cardone A Scam? The #1 Sales And Marketing Trainer In The World? • Consulting • Working Capital • Contact Us • Start A Blog Would you like to get business funding up to $1,000,000 in 24 hours Without having to struggle time and time again getting approved for ANY funding or the wrong one? Welcome into this Everest Business Funding Review, where I “ Michael Granados ” a business owner like yourself and long-time expert business loan broker/agent (owner of Viral Funding Solutions ) will be uncovering the Secrets and Hard TRUTHS no one else is sharing with you about this lending company, along with the pros and cons, alternatives and so much more so you can finally build the Business of Your dream, but first… Are you sick of getting shut down from lender to lender, or getting pushed down the factory line and being told you’re “defective” and you can’t qualify no matter what you do? That will change today and before we get into the meat and potatoes, how about we answer the question on the top of your mind right now? Is Everest Business Funding Legit? Yes, 100% However, that doesn’t necessarily mean they are the “Right” solution for YOU, so it’s C...