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Versant Funding Closes $2.25MM Factoring Facility for Electronics Manufacturer

November 18, 2015, 07:12 AM
Filed Under: Manufacturing

Versant Funding recently closed a $2.25 million factoring facility for an electronics manufacturer.  Versant's non-recourse factoring facility will allow the company to focus on fulfilling its multi-million dollar purchase orders without having to worry about cash flow issues.  Due to the added liquidity the company is projecting to more than double its revenues over the next year, significanlty adding to the bottom line.
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.

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