Versant Funds provided a $3 million non-recourse factoring facility to a growing uniform manufacturer based in the Northeast.
“Versant’s offering was an excellent match for this relatively new, but expanding business,” said Chris Lehnes, business development officer for Versant Funding and originator of this financing opportunity.
“We do not set a cap on our factoring facilities. So provided our client continues selling to strong customers, as the business grows, so does its access to cash.”
