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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Versant Funding Provides $3MM Non-Recourse Factoring Facility to Housewares Designer & Distributor
Wednesday, March 26, 2025
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Lenders/Participants
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Versant Funding [Factor]
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Structure
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Non-Recourse Factoring Facility
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Amount
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$3.000
Million
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Borrower(s)
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Undisclosed - Housewares Designer & Distributor
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Description
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This business was having trouble fulfilling new orders due to funding restrictions put in place by their current factoring company. An advance against all outstanding accounts receivable was needed to provide the cash to meet product demand and that is what Versant was able to offer. In addition, Versant was able to pay off and consolidate a number of other loans that had been taken out by the business.
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Industry
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Consumer Products
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| Related Tags |
Versant Funding
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ABL Advisor
Deal Tables
2025
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