Versant Funding Provides $4MM Factoring Facility to Aerospace Machining Company

Versant Funding funded a $4 million non-recourse factoring facility for an aerospace machining and engineering company. The facility enabled the company to pay off an asset-based lender while also providing liquidity to meet pent-up demand.

Versant Funding is a provider of non-recourse factoring solutions to businesses in need of liquidity. Versant Funding's custom non-recourse factoring facilities focus exclusively on the credit quality of a company's accounts receivable. Versant Funding offers non-recourse factoring solutions to companies with B2B sales.