Versant Funding announced the closing of four deals in July encompassing non-recourse factoring facilities totaling $56.9 million.

The following information was provided for each transaction:

• $11.5 million for a furniture manufacturer located in New Jersey.
• $2.4 million for an oil services company located in Texas.
• $24.0 million for a manufacturing company located in Florida.
• $19.0 million for a hotel booking company located in Florida.

Versant Funding offers non-recourse factoring solutions to companies in need of immediate working capital.