Recent changes to SBA loan regulations have rendered businesses which are not 100% owned by US citizens ineligible for SBA financing. This update has left many businesses with partial ownership by foreign nationals scrambling for an alternative source of financing
When evaluating a company for financing, Versant focuses exclusively on the quality of accounts receivable. The personal credit, management experience and nationality of the owners are not part of our underwriting.
Versant’s factoring program can be a convenient source of financing for businesses which are no longer candidates for SBA financing and need an immediate source of working capital.
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.
203-664-1535