Versant Funding LLC Funds a Non-recourse Factoring Facility to a National CBD Distributor

Versant Funding LLC is pleased to announce it has funded a $1,500,000 non-recourse factoring facility to a national distributor of CBD-infused body care products.

“This private equity sponsored business is experiencing increasing interest from major retail and grocery chains to sell its lines of premium, all-natural skin care products which are infused with CBD oil derived from hemp” according to Chris Lehnes, Business Development Officer for Versant Funding and originator of this financing opportunity.

“The surge in sales and resulting bump in accounts receivable are creating a need for more cash to cover overhead and get the next order filled,” Lehnes added.

“We do not set caps on our factoring facilities. So, provided our newest client continues to sell its products to strong companies, as this business grows, so does its access to cash with Versant.”

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