Connect with us
Apply Now

Executive Voice

Par Funding Continues to Make Their Case in Court, In Light of a Seemingly One-Sided Verdict

As Covid-19 continues to ravage the world, it has been having a severe impact on small businesses all across America. Many businesses have had to go out of business, and people have fallen into financial ruins.

There has been one company that stood by these businesses through thick and thin, and provided a valuable shoulder to lean on for financial help.

This company is Par Funding, a merchant cash advance business that has been operating for 8 years. They have been providing quick access to capital to small and large businesses, in exchange for commercial factoring. They have funded over 6,000 businesses, building lasting relat

ionships where business owners weren’t just one-time clients, but knew they could always count on Par Funding, especially during critical times of Covid-19. The MCA business has been of tremendous help to people who could not get a traditional bank loan, as the banking guidelines are very stringent in regards to loans.

Par Funding was running smoothly since 2012, with 15 accountants, numerous legal experts, a CFO, a controller, a CPA firm, and a compliance officer, and all required documents were prepared by experts to ensure compliance with all necessary regulatory entities. Since the company was created, Par Funding only approached accredited investors, and made it a priority to provide transparent business operations by providing the required disclosures and agreements to these investors.

Investors were happy as Par Funding never missed a single payment until a moratorium was set in place by the SEC. Par Funding received a sealed complaint from the SEC alleging  that Par Funding engaged in a business of making “opportunistic” loans to small business owners across America and that they have funded these loans through a “web of unregistered, fraudulent securities offerings.”

The sealed complaint left everyone at Par Funding confused, and only a day later a court appointed receiver was put in charge of running the business. Par Funding made requests that the receiver keep its professional employees on board, as business would continue to run smoothly as the investigation unfolded. However, contrary to Par Funding’s requests, the exact opposite was done.

Par Funding continues to fight their case to prove their innocence.

When looking at the procedural posture of the case, it seems that a verdict has already been reached. Many investors lost their money, Par Funding’s employees lost their jobs, and the many businesses that are the backbone of the American economy lost a trusted source of funding.

Par Funding’s continues to battle in court to vindicate their name and at the very least conduct the proper due process all companies should be entitled to.

Continue Reading

Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.

Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.