Versant Funding LLC Announces $900,000 Facility to Distributor of PPE Including, Face Coverings, Hand Sanitizer and Wipes

Versant Funding LLC is pleased to announce it has funded a $900,000 non-recourse factoring facility to a distributor of PPE including, face coverings, hand sanitizer and wipes.

This recently formed company was experiencing increasing demand for its product line and required access to working capital to continue to meet customer expectations.

“Versant’s offering was an excellent match for this new business in need of 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, the fact that this company had little track record or industry experience was not significant to us. Their strong customer base was enough for us to quickly approve and fund the company.”

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.