Versant Funding Closes $3.6MM Non-Recourse Factoring Facility for Candy Company

Versant Funding recently closed a non-recourse factoring facility totaling $3.6 million for a candy business that sells through retailers and its own online store.

Versant Funding's non-recourse factoring facilities focus exclusively on the credit quality of a company's accounts receivable. There is no cap on the size of its non-recourse facilities. The size is based upon the amount and credit quality of the accounts receivable.