Versant Funds a $5,000,000 Non-Recourse Factoring Facility for U.S.-Based Manufacturer

Versant Funding LLC is pleased to announce the closing of a $5,000,000 non-recourse factoring facility for a U.S.-based manufacturer. Versant was engaged by the company’s new private equity sponsor to provide an immediate infusion of working capital to support ongoing operations and growth initiatives. Despite limitations imposed by the incumbent lender, who was willing to carve out only a single customer, Versant was successful in getting the company funded.

Dan Broadley
dbroadley@versantfunding.com
561.405.4101