Versant Funding recently closed a $2.4 million factoring facility for a talent agency. Versant's non-recourse factoring facility will serve as a bridge while the company cleans up its balance sheet with the goal of entering into traditional bank financing within the next 12 to 18 months. Versant's ability to fund the deal quickly, without requiring arduous reporting, was critical to the client who was in need of funds to cover an upcoming payroll.
Versant Funding offers non-recourse factoring solutions to businesses in need of liquidity.