Versant Funding LLC Funds a Non-recourse Factoring Facility to a Manufacturer and Distributor

Versant Funding LLC is pleased to announce it has funded a $2,000,000 non-recourse factoring facility to a manufacturer and distributor which serves major commercial airlines.

The business needed additional working capital to fund its expansion and their senior lender agreed to subordinate its lien on accounts receivables due from only a single customer to allow the business to raise cash.

“Versant was able to help this company by factoring the accounts receivable due from just one foreign airline to provide the company the liquidity it needs,” according to Chris Lehnes, Business Development Officer for Versant Funding and originator of this financing opportunity. “Our willingness to offer factoring facilities where there is a single debtor (100% customer concentration) sets us apart from most other factoring companies and made us the perfect fit for this growing business,” Lehnes added. 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. Contact: Chris Lehnes, Business Development Officer 203-304-9527 clehnes@VersantFunding.com