Company Information

Get to know Par Funding

Par Funding positioned itself as a provider of short-term capital, specifically merchant cash advances (MCAs), to small businesses across the United States. The company raised capital by selling promissory notes to individual investors, promising high rates of return, typically 10-14%. Founded by Joseph LaForte and Lisa McElhone, the company grew rapidly but was halted in July 2020 when the U.S. Securities and Exchange Commission (SEC) filed an emergency action, alleging it was a massive fraud. The company is now under the control of a court-appointed receiver tasked with recovering assets for defrauded investors.

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Par Funding

United States

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.