Everest Business Funding, for its part, came at the same contractor from a different direction. According to the filing, EBF sued UTB and Sharma in Nassau County state court in August 2025 over a Revenue Based Financing Agreement, under which it had bought $479,500 of UTB’s “Future Receipts” for $350,000, with a 9% specified percentage of the contractor’s future sales going back to EBF. EBF deemed UTB in default on August 14, 2025, and on April 1, 2026, walked away with a default judgment of $385,918.47.
QBE sues Everest Business Funding over defaulted contractor’s construction receivables
By Awais
