Versant Funding recently closed a $1 million factoring facility for an Indy-Car Series race organizer. Versant's non-recourse factoring facility will serve as a bridge while the company works to complete the track setup and other pre-race organization. Versant's ability to fund the deal quickly, without requiring arduous reporting, was critical to the client who already had enough red tape to wade through while planning an Indy Car race in a major metropolis.
Versant Funding provides liquidity solutions to companies in need of immediate working capital.