Versant Funding: Factoring Solutions For Small to Mid-Sized Businesses.
Welcome To Versant Funding

Ocean Cargo Transportation Co.

Ocean Cargo Transportation Co.

Situation

Versant Funding recently closed a $7,500,000 factoring facility for an ocean cargo transportation company. The company’s equity investment was taking longer than anticipated creating a dangerous cash flow shortage.

Success

 Versant’s non-recourse factoring facility will serve as a bridge while the company works to close on an equity infusion. Versant’s ability to fund the deal quickly, despite heavy concentrations, gave the company peace of mind to continue its normal operations while they wait for the equity funding to close.

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