Versant Provided a $1 Million Non-Recourse Factoring Facility to a Business that Provides Services to Hospital Systems

Versant Funding LLC is pleased to announce that it has funded a $1 Million non-recourse factoring facility to a well-established business that provides services to major hospital systems.

This private equity-owned company had an imminent, short-term cash need. Its management realized that factoring a subset of their accounts receivable due from financially strong hospitals could be a source of immediate liquidity without requiring their sponsor to invest more capital into the operation.

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. All we care about is the credit quality of the A/R.

About Versant Funding: 

Versant Funding offers Non-Recourse factoring solutions to businesses in need of liquidity. We understand how vital healthy cash flow is to the success of a business, so we work with our clients to get them the funding they need, when they need it.