Chris Lehnes is returning to his role of business development officer at Versant Funding, based in Fairfield County, CT.
Lehnes will be responsible for originating non-recourse accounts receivable factoring facilities from $100,000 to $10 million per month to businesses across the country in a wide range of industries including oil and gas, apparel, manufacturing, distribution, and staffing which do not meet the credit standards of traditional lenders, often including businesses that are unable to obtain financing from other factoring companies.
Lehnes has more than 25 years of commercial finance experience. He started his career with the Small Business Administration (SBA) Lending unit of CIT where he spent nearly 15 years and held a variety of positions in loan documentation, credit analysis, operations management, marketing and business development. Over the past 10 years, he has worked for bank and non-bank lenders offering accounts receivable factoring and asset-based lending, including a prior five-year tenure with Versant Funding.
“We are thrilled that Chris is coming back to Versant,” said Mark Weinberg, president and CEO of Versant Funding. “In his previous stint with Versant, Chris was extremely successful in bringing us the types of clients that we specialize in assisting; those that have been excluded from most financing sources for reasons such as negative net worth, historic losses, poor personal credit, other more serious issues of the principal in prior businesses or high customer concentrations.”