Daily News: September 16, 2014

Versant Funding Closes $9MM Factoring Facility

Versant Funding announced the closing of a $9 million factoring facility for a manufacturer located in the Midwest.

Versant was able to close this deal in under two weeks, despite legal issues surrounding the company and its owner. Versant’s core philosophy of focusing on the quality of the A/R allowed it to look past these issues and close the deal.