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 purchase orders without having to worry about cash flow issues. Due to the added liquidity the company is projecting to more than double its revenues over the next year, significantly adding to the bottom line.

Versant Funding offers non-recourse factoring solutions to companies with B2B sales, and focuses on the credit quality of a company’s accounts receivable.