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Versant Closes $12MM Factoring Facility

April 14, 2016, 07:12 AM

Versant Funding recently closed a $12 million non-recourse factoring facility for a business based in the Northeast.  The company was being financed by an asset-based lender that was limiting availability and with heavy reporting requirements forcing the company’s leadership to spend undue time gathering information.  Versant was able to step in and payoff the asset-based loan while also providing needed liquidity.  The company’s leadership is now free to focus on growing their business instead of reporting to their finance company.

By combining years of finance experience with a commitment to providing hands-on, responsive service and complete transparency, Versant Funding offers financing to companies in need of immediate working capital.  We are acknowledged experts in factoring, the long-established approach to obtain working capital through the sale of a company’s accounts receivable invoices and are known in the industry for our ability to find creative answers to fund tough deals.

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