Versant Funding LLC is pleased to announce it has funded a non-recourse spot factoring transaction to a Mid-West-based software provider.

This company is in the process of completing a sale to a private equity group and required cash quickly to meet its working capital needs until the sale is complete.

They requested we factor a single invoice due from a large, multinational food producer.

“Versant’s offering was an excellent match for this business in need of quick liquidity.“  according to Chris Lehnes, Business Development Officer for Versant Funding, and originator of this financing opportunity. “Because we are strictly focused on the quality of our client’s accounts receivable and do not underwrite their business, we were able to fund in about a week from our first conversation with management.”

About Versant Funding

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 from $100,000 to up to $10 Million per month. All we care about is the credit quality of the A/R.

For more information, contact Chris Lehnes at 203-664-1535 or clehnes@chrislehnes.com

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Press Release: Spot Factoring – Software Provider