Tag Archives: Press Release: Spot Factoring – Software Provider

Factoring: Fast Cash for Software as a Service -SaaS

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Factoring: Fast Cash for Software as a Service -SaaS

SaaS Companies are often challenged to obtain the working capital needed to continue to innovate, increase revenue and expand their customer base.

By factoring, SaaS companies get quick access to the funds needed to leverage their technology for success.

Accounts Receivable Factoring
$100,000 to $30 Million
Quick AR Advances
No Long-Term Commitment
Non-recourse
Funding in about a week

We are a great match for businesses with traits such as:
Less than 2 years old
Negative Net Worth
Losses
Customer Concentrations
Weak Credit
Character Issues

Contact me today to learn if your Software client is a factoring fit.

Chris Lehnes
203-664-1535
chris@chrislehnes.com
A recent Software Proposal

Obtain cash against outstanding invoices in about a week.

Connect with Factoring Specialist, Chris Lehnes on LinkedIn

Press Release: Spot Factoring – Software Provider

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

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

Request a proposal

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Press Release: Spot Factoring – Software Provider