Versant Funding funded a $5 million non-recourse factoring transaction to a tech company which sells hardware and software to major media companies.This private equity sponsored business required a rapid infusion of capital to meet its cash needs...
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October 06, 2022, 07:00 AM
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Versant Funding funded a $3 million non-recourse factoring transaction to a supplier to the oil and gas industry. Since the energy sector has rebounded from the impacts of the pandemic, this company has experienced increasing demand for their...
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June 15, 2021, 08:00 AM
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Versant Funding funded a non-recourse spot factoring transaction to a Mid-West-based software provider. This company is in the process of completing a sale to a private equity group and required cash quickly to meet its working capital needs until...
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May 24, 2021, 07:00 AM
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Versant Funding funded a $900,000 non-recourse factoring facility to a distributor of PPE including, facecoverings, hand sanitizer and wipes.This recently formedcompany was experiencing increasing demand for its product line and required access to...
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May 10, 2021, 07:00 AM
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Versant Funding LLC announced it has funded a $1,800,000 non-recourse factoring facility to a national distributor of sweets and treats.“Versant’s offering was an excellent match for this evolving business,“ according to Chris Lehnes, Business...
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September 09, 2020, 09:00 AM
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Versant Funding recently funded a $3,000,000 factoring facility for a company selling medical uniforms. Versant's Non-Recourse Factoring Facility will give the company the financial tools it needs to expand its business and achieve its goal of...
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January 16, 2020, 08:45 AM
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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...
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June 03, 2019, 08:00 AM
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Versant Funding announced a $5 million factoring facility for a start-up specialty chemicals supplier in the oil and gas industry. The company was in need of a consistent cash flow in order to grow. With the help of Versant's influx of cash, the...
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August 24, 2018, 07:00 AM
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Versant Funding recently funded an $8 million factoring facility for a start-up tech company. Versant's Non-Recourse Factoring Facility is being used as a bridge to delay an equity raise so that ownership can leverage strong growth over the next 18...
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July 13, 2018, 07:00 AM
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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...
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August 19, 2016, 06:48 AM
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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...
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April 29, 2016, 07:34 AM
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Versant Funding recently closed a $12 million non-recourse factoring facility for a business based in the Northeast. The company was being financed by an asset-based lender that was limiting availability and with heavy reporting requirements forcing...
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April 14, 2016, 07:12 AM
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Versant Funding recently closed a $2.25 million factoring facility for an electronics manufacturer. Versant's non-recourse factoring facility will allow the company to focus on fulfilling its multi-million dollar purchase orders without having to...
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November 18, 2015, 07:12 AM
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Versant Funding recently closed a $1 million factoring facility for a toy manufacturer based in New England. The company had an immediate need for cash to pay a key supplier otherwise they would be unable to meet their shipping deadline on several...
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September 18, 2015, 07:02 AM
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