Businesses with customer concentrations often find securing financing a challenge. Many lenders will decline them outright or place funding limits to reduce their exposure to what is perceived as a high-risk transaction.
Versant’s factoring program can be an ideal source of financing for businesses with customer concentrations, including those with only a single customer (100% concentration.)
When evaluating a company for financing, Versant focuses exclusively on the quality of their accounts receivable. That enables us to fund businesses with high customer concentrations provided those customers possess a strong credit profile.
Program Overview
- $100,000 to $30 Million
- Quick AR Advances
- No Long-Term Commitment
- Non-recourse
- Flexible Terms
We are a great match for businesses with traits such as:
- Less than 2 years old
- Negative Net Worth
- Losses
- Customer Concentrations
- Weak Credit
- Foreign Ownership
- Character Issues
Our AR-centric approach enables us to move quickly and fund qualified businesses including Manufacturers, Distributors and a wide variety of Service Businesses (including SaaS) in as few as 3-5 days.
Contact me today to learn if your client is a factoring fit..
