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Versant Funding Closes $1MM Factoring Facility for Toy Manufacturer

September 18, 2015, 07:02 AM
Filed Under: Manufacturing

Versant Funding recently closed a $1 million factoring facility for a toy manufacturer based in New England.  The company had an immediate need for cash to pay a key supplier otherwise they would be unable to meet their shipping deadline on several large purchase orders.  The non-recourse factoring facility provided by Versant Funding allowed the company to meet its shipping window and continue its growth. 
Versant has over 20 years of experience working with special assets and workout groups to enable lenders to exit problem loans. Through creative structuring and diligent collateral management, Versant has been able to offer lenders a reliable exit strategy with a trusted partner.

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