How Food Producers Are Funding Growth Without Banks

How Food Producers Are Funding Growth Without Banks

Our factoring program can be a vital source of financing for food producers which have high-quality accounts receivable outstanding such as those that sell to major grocery chains or distributors.

By factoring, companies get quick access to the funds needed to continue to meet daily working capital needs, build inventory or expand operations.

How Food Producers Are Funding Growth Without Banks

Versant's factoring program can be a vital source of financing for food producers which have high-quality accounts receivable outstanding such as those that sell to major grocery chains or distributors.

By factoring, companies get quick access to the funds needed to continue to meet daily working capital needs, build inventory or expand operations.

Accounts Receivable Factoring

We are a great match for businesses with traits such as:

  • Less than 2 years old
  • Negative Net Worth
  • Losses
  • Customer Concentrations
  • Weak Personal Credit
  • Character Issues

We focus on the quality of your client’s accounts receivable, ignoring their financial condition.

This enables us to move quickly and fund qualified businesses in as few as 3-5 days.

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

Funding for Manufacturers

Funding for Manufacturers

$100k - $30 Million
Cash against AR in about a week
No Financials, No Audits, Non-Recourse
No Long-Term Commitments

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

Funding for Manufacturers – Program Overview

$100k – $30 Million
Cash against AR in about a week
No Financials, No Audits, Non-Recourse
No Long-Term Commitments

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

Chris Lehnes | 203-664-1535 | clehnes@chrislehnes.com
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Video: Innovative Proposal Issued – Food Ingredient Manufacturer

$3 Million Non-Recourse Factoring Facility

This manufacturer of food ingredients had difficulty stabilizing post-pandemic. Significant reported losses resulted in bank pulling their line of credit. We will replace the line with an Account Receivable Factoring facility until a buyer for the business is found. Our non-recourse accounts receivable factoring facility will have no cap and will grow automatically as the business stabilizes and the AR balances grow. We ignore the financial strength of our clients and focus on the credit quality of their customers. Since this client sells to some of the largest food producers in the world, they are an excellent match for our program and could be funded as quickly as a week from acceptance of our non-recourse factoring proposal.

Contact me to learn if your client is a fit.

203-664-1535

clehnes@chrislehnes.com

www.chrislehnes.com

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Request a Proposal

Video: Innovative Proposal Issued – Food Ingredient Manufacturer