PHILADELPHIA, Jan. 16, 2019 /PRNewswire/ -- Due to intense competition among corporations, bankruptcy can haunt even the best of companies. C&D Coal Company found itself fighting through bankruptcy over the last year. Based out of Derry, PA, C&D Coal Company's inability to pay its short-term debt while fighting previous administration's regulations left the company with no choice but go into bankruptcy. However, by the help of short-term capital provided by Par Funding, C&D Coal Company will continue its operations and help many people keep their jobs. In an effort to help C&D Coal Company keep its doors open, Par Funding assisted in covering the employee payroll and the outstanding utility bills to ensure the employees could keep their jobs.
In a recent interview, Jimmy Cooper, owner of C&D Coal Company, stated "Thanks to Par Funding I was able to pay all my employees this month, they really came through for me and my staff in our time of need." He added, "I am relieved to say that all of my employees received a paycheck this week because of Par Funding. When I spoke to Par Funding and told them that I was going to have to lay men off this week, they said NO WAY WE'RE THEY GOING TO LET THAT HAPPEN, and they came through just as they promised."
Par Funding – The Support Companies Can Rely On
Companies can easily often fall prey to illiquidity or unexpected expenses. When it comes to reaching out to banks or other 3rd party lenders, businesses have a difficult time getting a loan approved fast due to all the red tape. Even if a loan is approved, the interest rate is excessively high, which makes the business become a victim of vicious cash cycles. This is where Par Funding comes in. The company assists businesses in not only short-term loans in record low time, but also provides a shockingly low factor rate of 1.18 coupled with helping merchants raise capital for their business once the debt is taken care of.
Par Funding Team leader Joe Laforte stated, "The goals of our consolidated program is to help merchants lower their daily payments and allow them to have a clear path to completely get off the use of the cash advance product. We then further assist them by supplying them with fresh capital at a very low rate to help them increase their revenue."
About Par Funding Par Funding is leading provider of short-term capital to small and medium size business and is known for quick turnaround time with exceptional customer service. The company was built on the foundation of helping small businesses gain access to funding solutions necessary for day-to-day operations and growth. The company offers honest and transparent financial options through an exceptional customer support platform. https://www.parfunding.com
SOURCE Par Funding