Versant Funding provided a $5 million non-recourse factoring facility to a start-up specialty chemicals supplier in the oil and gas industry.
The company needed a consistent cash flow in order to grow. The facility allowed the company to double its sales in only a couple of months.
Versant Funding’s custom non-recourse factoring facilities fill a void in the market by focusing exclusively on the credit quality of a company’s accounts receivable. It offers said facilities to companies with B2B sales.
