Press Release: $1.8 Million to Distributor of Sweets and Treats

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PRESS RELEASE: Versant Funding LLC is pleased to announce it has funded a $1,800,000 non-recourse factoring facility to a national distributor of sweets and treats. “Versant’s offering was an excellent match for this evolving business,“ according to Chris Lehnes, Business Development Officer for Versant Funding and originator of this financing opportunity. “When COVID-19 began to impact its core customer base of department stores and retailers, our client was nimble enough to pivot to target the better-performing grocery and pharmacy channels,” Lehnes added. “We do not set a cap on our factoring facilities. So, provided our client continues to sell its products to strong companies, as this business grows, so does its access to cash.” #workingcapital #factoring #smallbusinesslending #distributors

Business

PRESS RELEASE
BOCA RATON, FL (September 9, 2020) Versant Funding LLC is pleased to announce
it has funded a $1,800,000 non-recourse factoring facility to a national distributor
of sweets and treats.
“Versant’s offering was an excellent match for this evolving business,“ according to
Chris Lehnes, Business Development Officer for Versant Funding and originator of
this financing opportunity. “When COVID-19 began to impact its core customer base
of department stores and retailers, our client was nimble enough to pivot to target
the better-performing grocery and pharmacy channels,” Lehnes added. “We do not
set a cap on our factoring facilities. So, provided our client continues to sell its
products to strong companies, as this business grows, so does its access to cash.”
About Versant Funding
Versant Funding's custom Non-Recourse Factoring Facilities have been designed to
fill a void in the market by focusing exclusively on the credit quality of a company's
accounts receivable. Versant Funding offers non-recourse factoring solutions to
companies with B2B sales from $100,000 to up to $10 Million per month. All we care
about is the credit quality of the A/R.
Contact:
Chris Lehnes, Business Development Officer
203-304-9527
clehnes@VersantFunding.com

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