Versant Funding provides liquidity solutions to companies in need of immediate working capital. Our team combines years of financing experience with a commitment to providing hands-on, responsive service and complete transparency.
We are acknowledged experts in factoring, the long-established approach to obtaining working capital through the sale of a company’s accounts receivable invoices. We offer full-notification, non-recourse factoring. This means that account debtors – the customers of our clients – are notified to pay Versant directly, and we assume the credit risk of non-payment. For clients, this approach reduces risk and allows for fast funding.
The Versant Difference
We understand that when companies need working capital they need it quickly. That’s why Versant provides prompt funding, often within one week of initial contact by a prospect. For ongoing clients, funding is generally provided on the same day that accounts receivable invoices are received.
We deliver timely funding through a proven account management approach that emphasizes personalized service and open communication. Each client is assigned to an experienced Account Executive who handles all aspects of the relationship. Clients receive up-to-date web-based reports that enable them to monitor the performance of their accounts receivable. This ensures complete transparency, allowing clients to plan for future growth while promoting a sprit of true partnership.
Versant works directly with companies seeking financing and through qualified financial brokers. Either way, our highest commitment is to provide fast turnaround, personalized service and complete transparency.
Our Expert Team
CEO and President
Mark Weinberg graduated from the University of Michigan with a B.B.A. in Business Administration, and from the University of California at Berkeley Law School (Boalt Hall) with a J.D., where he spent his first two years; his final year was spent at Harvard Law School. Prior to founding Versant Funding LLC, Mr. Weinberg, a Certified Public Accountant, practiced accounting with the international public accounting firm of Peat Marwick. Upon graduation from law school, he joined the tax department of Paul, Weiss, Rifkind, Wharton and Garrison.
He was a co-founder of a privately-held commercial real estate lender, and a law firm specializing in real estate and litigation, as well as another factoring business, all of which were sold in 2005. Mr. Weinberg collaborated on and marketed the #1 best selling book of 1981, The Simple Solution to Rubik’s Cube, with over 7,000,000 copies in print. He is also the author of a book published by Que Corporation on money management and the computer, Using Managing Your Money.
Director of Operations
Dan Broadley has experience in all areas of factoring, having held senior positions in collection, credit, account management and operations. Mr. Broadley’s background in factoring and in-depth expertise enables him to evaluate each client’s unique needs and deliver tailored solutions to meet those needs. Prior to joining Versant, Mr. Broadley worked with Mark Weinberg at Platinum Funding LLC. In 2006 he joined Versant as Director of Operations.
Mr. Broadley received a B.A. in history from the University of Delaware and an M.B.A. from William Paterson University.