• Report: #1122228
Complaint Review:

Ripoff Report | Yellowstone capital

  • Submitted: Sun, February 09, 2014
  • Updated: Fri, April 18, 2014

  • Reported By: Trademark — Aurora Illinois
Yellowstone capital
160 pearl street New York, New York USA

Yellowstone Capital REVIEW: Yellowstone Capital Customer Satisfaction Commitment: Yellowstone Capital LLC is committed to 100% customer satisfaction. Yellowstone Capital LLC implemented strategic changes, focusing on finding ways to help all merchants get cash advances needed, even if turned down by other MCA companies.
*UPDATE: Yellowstone Capital LLC pledges their commitment to Ripoff Report's Corporate Advocacy, Business Remediation and Customer Satisfaction Program. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. Yellowstone Capital recognized by Ripoff Report Verified as a safe business service.

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REVIEW UPDATE: June 28 2017: Yellowstone Capital LLC remains committed to increased customer satisfaction and has improved their business practices over the years to better serve their customers. Yellowstone Capital LLC is truly dedicated to making sure their customers are satisfied and that any complaints which do arise are addressed promptly and fairly.

To date, Yellowstone Capital LLC has made good faith efforts to resolve all complaints reported on Ripoff Report. Based on our experience, the member business has proven to be among the top members of the Ripoff Report Corporate Advocacy Business Remediation and Customer Satisfaction Program as a Verified Safe Business™.

Over time and since becoming a member, Yellowstone Capital LLC has remained actively engaged and improving the way they address customer service complaints. As an active and current member of the Ripoff Report Corporate Advocacy Business Remediation and Customer Satisfaction Program we are happy to report that now more than ever Yellowstone Capital LLC remains committed to improving customer satisfaction.

Remember, no company or individual can ever satisfy 100% of the people 100% of the time. There are no products or services that will always be perfect for everyone and even the best companies will receive complaints from time to time. However, by participating in the Corporate Advocacy Program, the member business has made a commitment to working with its customers to resolve complaints quickly and fairly whenever possible.

Please keep in mind that as a consumer you have some responsibilities as well. Success has many definitions that based on your past experiences, current situation and your perceived expectations. Success with any product or service is always based on the proper application and understanding. The fastest car will not run if you never turn the engine on. Look at how you used the product or service that was provided in relation with the instructions that you received. The Corporate Advocacy Business Remediation and Customer Satisfaction Program will help you get your voice heard but please be prepared with documentation and fair representation of your concern, also have an idea of how the company can fix your concern. Can they offer additional services, extend warranties, offer a fair refund or just get you talking with someone that can help. ..let them know and let us know!

*Any consumer not receiving satisfaction from a member of the Corporate Advocacy Program should email us at editor@ripoffreport.com
 Yellowstone Capital LLC is Ripoff Report Verified. [continued below]....


Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business.

Ripoff Report Verified™ REVIEW:

EDitor’s UPDATE: Positive rating and recognition has been given to Yellowstone Capital LLC for its commitment to excellence in customer service.

Ripoff Report’s discussions with Yellowstone Capital LLC have uncovered an ongoing commitment by the company to total client satisfaction. This means that clients can expect that the company will work towards finding a mutually satisfactory resolution to any complaints or concerns. Yellowstone Capital LLC listens carefully to merchant concerns and sees them as an opportunity to learn from past mistakes and become more efficient as a company in the services offered and the support for those services.

Yellowstone Capital LLC’s principal, Mr. Isaac Stern, has informed us that his personal philosophy is that his clients are a precious resource. As a successful businessman, Mr. Stern feels it is critical to listen to his clients and respond properly. By always putting his customers first, Mr. Stern hopes to maintain Yellowstone Capital LLC as a successful enterprise both now and for many years to come.

Another top executive of the company told us that Mr. Stern's personal business philosophy is based on the premise that "We have helped business owners nationwide qualify for funding. Let us help you today!”. Yellowstone Capital LLC's mission statement says it all: "We fund the un-fundable.” One of the other things Ripoff Report learned in the course of its review is that typical customer feedback reads: “Yellowstone Capital LLC (and Mr. Stern) truly work with merchants, and Credit history is not important. If you can provide three months of Bank Statements you are pre-approved for a Merchant Cash Advance.”

The information provided in this report below is based on comments made by Joshua Karp, COO of Yellowstone Capital, LLC, during an on-site inspection held by a third party verification company with no biases toward Yellowstone Capital, LLC.

Yellowstone Capital is Ripoff Report Verified
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..

Yellowstone Capital, LLC is a merchant cash advance company that specializes in providing money to businesses. “The actual process is called factoring. We buy future receivables in exchange for a percentage of their future profits,” explains Joshua Karp, COO. Yellowstone Capital acquires leads in two ways: first, they have in-house marketing, which is done via the internet. This process involves a potential customer coming across Yellowstone Capital on the web when they are in need of cash advance services. “If someone is interested, they can apply directly to us using our website. They are now considered a lead and someone will contact them directly from our office,” states Mr. Karp.

Their second method of acquiring leads is ISOs, or Independent Sales Organizations, which are third parties that are pre-cleared by management and are under contract. These ISOs do their own marketing, and once they have a prospective client, the ISO will pass that client on to Yellowstone Capital to determine if the prospect could become a qualified lead. Yellowstone Capital’s clients are typically businesses that need working capital for their operations. “Sometimes the cash advance is needed for a quick turnaround or because they just don’t have the qualifications that a traditional lender would require,” states Mr. Karp. “We don’t cold call; we have a list of merchants that applied for a cash advance, through us or an ISO that submits the business owner’s information.”

Yellowstone Capital LLC / Customer Support

At times, customers are not satisfied with one aspect or another of the service. A particular instance of this is a merchant complaining about the deal offered to them by Yellowstone Capital. “We have a standard contract that includes our bank fees and ACH fees, which clearly outlines all of the terms of the agreement,” states Mr. Karp. Yellowstone Capital strives to give their funders enough leeway to work with the merchants and help them if there is an issue regarding their repayment. The team at Yellowstone also tried to be understanding of each business’s economic situation and work with them to find the best plan for repayment. “As long as a merchant communicates with us, we’re happy to reduce the payment as necessary, or defer the payment a week or so to accommodate the merchant’s needs,” states Mr. Karp. Additionally, the ISOs that work with Yellowstone Capital sometimes have complaints, as well, mostly involving receiving commission for a referral. However, if the prospective customer does not turn into an actual lead and a sale does not actually happen, Mr. Karp states that the ISOs still sometimes want to receive their referral fee.

When the team at Yellowstone works to resolve a customer’s complaint, Mr. Karp states, “When we reach out to them, they’re happy and understand that we can work with them. Most of our legal disputes result in the client being reinstated unless the client went out of business legitimately or if there was a case of fraud.” After a complaint is resolved, the team at Yellowstone Capital follows up with the merchant via e-mail and telephone. “When the communication is finished, we know that the case is closed. At that time, the merchant is usually satisfied,” states Mr. Karp. To avoid any disputes or misunderstandings, Yellowstone Capital outlines their regulations and requirements in the standard contract they use for each case, which is a standard Merchant Cash Advance Contract. “Everything is explicitly outlined – the associated fees along with the factoring terms; there are no hidden disclaimers,” states Mr. Karp.

Since receiving complaints via Ripoff Report, Yellowstone Capital has proactively engaged in policy changes based on customer feedback and internal customer review. Specifically, they have created a compliance group and two separate teams which review customer activity and maintenance to ensure all company policies and contract terms are being adhered to, and to ensure mutual satisfaction. Yellowstone Capital recognizes the value of working with Ripoff Report and the Corporate Advocacy Business Remediation and Customer Satisfaction Program, and the platform it provides for businesses and customer to interact and resolve issues. “It gives us peace of mind to know that Ripoff Report is our third party advocate, not only for our customers, but for Yellowstone Capital, as well,” states Mr. Karp.

Yellowstone Capital LLC / Statements from the owner.

"YellowStone Capital is composed of an expert team, with years of industry experience. We are committed to accommodating all your needs as a business owner. We are an alternative business financing provider that offers unlimited business funds. As an Originator, we presently have multiple in house funders concentrated on specific advance types. However, in our quest to help all businesses we have partnered with 16 independent business cash advance companies. With this relationship, YellowStone is able to accomplish deals that our competitors cannot. Because of our successful relationships with our syndicate partners we are able to get deals done that have been turned down by our competitors.

YellowStone Capital has realized that as our company and industry has grown the need for innovation and creativity has increased. While most most of our competitors will require clients to switch processing, we realize that sometimes it is not in the best interest of the client to do so. We can get you funding without you switching processors.

Yellowstone Capital is composed of an expert team, with years of industry experience. Yellowstone Capital LLC is committed to accommodating all your needs as a business owner. Yellowstone Capital LLC is an alternative business financing provider that offers unlimited business funds. One of Yellowstone Capital LLC’s in-house funders Aaron Davis stated “Yellowstone is truly an innovator in the industry, especially due to the amount of in-house funders, as I am able to offer a wider array of financing options to get that big deal done faster. Isaac and the team here are not afraid to handle the big deals while most other cash advance firms will not surpass $250,000.”

Yellowstone Capital LLC takes merchant satisfaction seriously as well. Merchant feedback reveal comments such as this: "The team at Yellowstone Capital exceeded my expectations. Aaron would call me every couple weeks to reassure me that we were on our way to financing my extension project. I never expected to be able to secure $700,000 in business financing. " Ripoff Report was pleased to learn that Yellowstone Capital LLC’s past and current approach to business is focused on its pledge to total commitment towards client and employee satisfaction.


Yellowstone Capital LLC recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Report’s Investigation Yellowstone Capital LLC has made organizational changes allowing its clients and employees a more streamlined approach to problem resolution and a commitment to a great client experience.

In summary, after our investigation, which included discussions with Mr. Stern and many of his past and current associates, Ripoff Report is convinced that Yellowstone Capital LLC is committed to quality delivery of services resulting in total client satisfaction.

Read more about why consumers should feel confident when doing business with a member of Rip-off Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.

Read about Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.

As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses so we can insure that the member business did right by their customer.



Yellowstone capital New York New York

So I run a construction business and was looking for additional funding to expand and grow.

I got hooked up with Tom Proctor from Lendio that in turn got me hooked up with Matt Muratore from Next level funding who then got the loan from Yellowstone Capital....

I was told that they were going to give me $3k this round and after I paid it off I would get $30k as $3k wouldnt really do anything for me.

I completed the paperwork and I had a loan repayment of $4347.00 at a DAILY pay back of $99

Any common minded individual can do simple math t if you divide the total by $99 you have 43 payments of $99 and one payment of $90

Well much to my amaze they kept taking the money out and taking the money out past that amount, So i called Tom Proctor who called Matt and their explanation was as follows

"this is how the business works-- it takes 5 days for a ACH to post to Yellowstone account so they will be taking a $500 more than the loan just to make sure all ACH payments post and none get returned."

Wow, 2014 and they expect that it takes 5 days for a ACH to post even though they send you the money ACH and a bank posts it immediately... What do they think were 5 years old or something.

They also stated " dont worry we will put the money back after the 5 days, trust us we dont keep any money were not due"  thats a good one especially since you make 10% PER DAY in interest.

Its also odd that they would take 5 extra payments considering that they have you sign a document that if a ACH bounces they can charge you $2500, yes $2500 for that missed ACH... what normal business person would risk getting charged $2500 over a $99 payment

Well lucky for us they only took out an extra $108 before I bitched at them and threatened legal action. My last payment was Jan 23rd, its Feb 8 and they have still not put back the $108.

buyer beware or should i say, customer BEWARE




This report was posted on Ripoff Report on 02/09/2014 09:09 AM and is a permanent record located here: http://www.ripoffreport.com/reports/yellowstone-capital/new-york-new-york-10005/yellowstone-capital-business-cash-advance-new-york-new-y-1122228. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Author of original report


AUTHOR: Trademark - ()



Unfortunetly RIPOFF REPORT does not allow posting to be removed after the fact however, I must at least state the fllowinog about NEXT LEVEL FUNDING-- After getting a phone call from Michael Hollander who is one of the directors of NEXT LEVEL FUNDING he went above and beyond to make sure that my concerns were taken care of and ultimatly the money was put back into my account. He was able to get Yellowstone to reverse the additional funds taken out and in addition to that. He personally had his company replace the money I was charged in overdraft fees.


I will definetly be doing business with Mr Hollander and NEXT LEVEL FUNDING in the near future.

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