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09-09-2020, 10:51 AM #1Senior Member
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- Mar 2014
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- Florida
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Why would brokers get clawed back - ? They are 1099 Contractors and if the article is correct, most of Par Funding went to a limited number of companies. For all the hype behind Par, it does not appear they had many funded deals
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-09-2020, 10:57 AM #2Senior Member
Reputation points: 338241
- Join Date
- Mar 2015
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Any trustee/receiver worth their salt can and will chase cash by any means. If you placed a deal for a "subject" company and they defaulted, you can cool believe the trustee/receiver is going to attempt to get the commissions back. 1099 or not.
Originally Posted by Yankeeman07
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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