Versant Funding announced a $5 million factoring facility for a start-up specialty chemicals supplier in the oil and gas industry. The company was in need of a consistent cash flow in order to grow. With the help of Versant's influx of cash, the company has already doubled its sales in only a couple of months.
Versant Funding's custom Non-Recourse Factoring Facilities have been designed to fill a void in the market by focusing exclusively on the credit quality of a company's accounts receivable. Versant Funding offers non-recourse factoring solutions to companies with B2B sales. All we care about is the credit quality of the A/R.