Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home News

Versant Funding Provides $900K Factoring Facility to PPE Distributor

byIan Koplin
May 10, 2021
in News

Versant Funding funded a $900,000 non-recourse factoring facility for a distributor of personal protective equipment.

This recently formed company, which provides face coverings, hand sanitizer and wipes, was experiencing increasing demand for its product line and required access to working capital to continue to meet customer expectations.

“Versant’s offering was an excellent match for this new business in need of liquidity,” Chris Lehnes, business development officer for Versant Funding and the originator of this financing opportunity, said. “Because we are strictly focused on the quality of our client’s accounts receivable and do not underwrite their business, the fact that this company had little track record or industry experience was not significant to us. Their strong customer base was enough for us to quickly approve and fund the company.”

Previous Post

AFC Gamma Provides $22MM Credit Facility to Justice Cannabis for NJ Expansion

Next Post

American Banker Recognizes Garrison Among Emerging Women in Financial Services Leadership

Related Posts

Deal Announcements

Parafin Expands Warehouse Credit Facility with Silicon Valley Bank, EverBank & Trinity Capital

May 5, 2026
News

Finance Veteran Mercado Launches Countify Capital

May 5, 2026
News

Elmore Succeeds Coker as President & CEO of Advantage Business Capital

May 5, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Buyerlink Secures $40MM Senior Secured Credit Facility with California Bank & Trust

May 5, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

ATEC Refinances Existing Debt with Inaugural Bank Facility

May 5, 2026
News

Hercules Capital Enters Next Phase of Growth with Expanded Leadership Team

May 5, 2026
Next Post

American Banker Recognizes Garrison Among Emerging Women in Financial Services Leadership

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ABLSoft

The Rise of Layered Capital Structures in Middle Market Finance

April 19, 2026

The Loss Rate Advantage: Why Direct Lending Continues to Outperform Public Credit Markets

May 1, 2026

Cross-Border Capital Flows in Middle Market Private Credit

April 13, 2026

Covenants, Collaboration and Capital: A Deep Dive into Subordinate Debt

April 29, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years