Versant Funding funded a $4.8 million non-recourse factoring transaction for a commercial bakery that serves major grocery chains.
The client is a closely held business that has the opportunity to expand by selling its products to additional supermarkets; however, many of these potential new customers may pay their invoices slowly, negatively impacting the cash flow of the business. This is a problem Versant’s factoring offering can solve by advancing cash against invoices.
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