Daily News: January 29, 2019

Par Funding Factoring Agreement Helps Quantum Builders Expand By 30%


Par Funding developed a factoring agreement with Quantum Builders, a registered service-disabled-veteran-owned company. Par Funding provided funds for the company in exchange for its accounts receivable.

Quantum Builders is owned by Victor Milbourne, who worked for the armed services as a forward observer and combat engineer.

The Par financing allowed Quantum Builders to expand its business and get new government contracts.

“Quantum Builders grew by 30% in 2018 with the assistance of Par Funding. If it wasn’t for Par Funding, I would have never been able to expand my business,” said Milbourne.

Joseph Laforte, a team leader at Par Funding, commented, “It is my great honor to help Victor Milbourne grow and expand his business. It is because of the sacrifices and courage of heroes like him that you and I can enjoy our freedoms and exercise our rights. I would like to extend my heartfelt gratitude to veterans and men and women in uniform for their service for this great nation. Par Funding is proud to be associated with one such hero.”

Par Funding works with small- and medium-sized businesses in order to help them with short-term liquidity and long-term capital solutions. Businesses often find themselves in tough situations and need additional assistance to improve their financial position and cash flows. Without such assistance, many companies are forced to close shop and lay people off. Par Funding also provides financing solutions for companies that aspire to grow and expand their customer base.