Versant Funding announced a $24,000,000 non-recourse factoring facility for a start-up staffing company. Despite some issues in the principal's past and ongoing legal disputes, Versant was able to focus on the accounts receivable and get the company funded.
Fueled by Versant's Non-Recourse Factoring Facility, the company has entered into a high growth mode with no signs of slowing.
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.