Factoring: Funding your client’s Recovery – Versant’s Non-Recourse Factoring offering can meet the working capital needs of businesses recovering from a downturn…
Manufacturers, Distributors, Service Businesses
Unemployment Rises to 4.3% as Hiring Slows, Missing Expectations
The unemployment rate in the United States has increased to 4.3% in the latest economic report, marking a significant uptick from the previous month’s rate of 4.0% according to the US Department of Labor. This rise in unemployment comes as a surprise to many economists and analysts, who had expected the rate to remain stable or even decrease slightly. Unemployment Rises to 4.3%
Several factors have contributed to this increase in unemployment:
The rise in unemployment has several implications for the broader economy:
Economists will closely monitor upcoming economic data to determine whether this rise in unemployment is a temporary blip or indicative of a longer-term trend. Key indicators to watch include job creation numbers, wage growth, and consumer spending patterns.
The unexpected rise in the unemployment rate to 4.3% underscores the complexities and uncertainties facing the U.S. economy. While the increase poses challenges, it also highlights the need for adaptive strategies from both businesses and policymakers to navigate the evolving economic landscape.
The Federal Reserve has recently indicated a possible interest rate cut in September, responding to signs of slowing economic growth and rising global uncertainties. This potential move marks a significant shift in the Fed’s policy, aimed at sustaining the longest economic expansion in U.S. history.
The Federal Reserve’s indication of a potential rate cut in September highlights its proactive approach in addressing economic challenges and supporting continued growth. The decision will ultimately depend on upcoming economic data and developments in global trade.
Funding Food Producers in a Week
| Funding Food Producers in a Week. Our factoring program can be a vital source of financing for food producers which may not qualify for traditional financing, but have a strong customer base such as those that sell to major grocery chains or distributors. By factoring, companies get quick access to the funds needed to continue to expand operations. Accounts Receivable Factoring $100,000 to $10 Million No Long-Term Commitment \ Non-recourse Funding in about a week Spot Factoring Available We are a great match for businesses with traits such as: Less than 2 years old Negative Net Worth Losses Customer Concentrations Weak Credit Character Issues We focus on the quality of your client’s accounts receivable, ignoring their financial condition. This enables us to move quickly and fund qualified businesses including Manufacturers, Distributors and a wide variety of Service Businesses (including SaaS) in as few as 3-5 days. Contact me today to learn if your client is a factoring fit. |
In a significant move within the retail industry, the owner of Saks Fifth Avenue is set to acquire Neiman Marcus, with support from tech giant Amazon. This strategic partnership aims to leverage both companies’ strengths to enhance their market presence and customer experience.
This acquisition marks a pivotal moment in the retail industry, showcasing how traditional retail players and tech giants can collaborate to redefine the future of shopping.
Proposal Issued – $10 Million Non-Recourse – Refinance – Distributor
This distributor of equipment has been mandated by lender to reduce exposure. We can fund in a week.
| Funding Wholesalers: Our accounts receivable factoring program can be an essential source of financing for wholesalers which may not qualify for traditional financing, but have a strong customer base. By factoring, companies get quick access to the funds needed to continue to expand operations. Accounts Receivable Factoring $100,000 to $10 Million No Long-Term Commitment Non-recourse Funding in about a week Spot Factoring Available We are a great match for businesses with traits such as: Less than 2 years old Negative Net Worth Losses Customer Concentrations Weak Credit Character Issues We focus on the quality of your client’s accounts receivable, ignoring their financial condition. This enables us to move quickly and fund qualified businesses including Manufacturers, Distributors and a wide variety of Service Businesses (including SaaS) in as few as 3-5 days. Contact me today to learn if your client is a factoring fit. Connect with me on LinkedIn |
Spot Factoring Proposal Issued – $1,300,000 | Single Invoice Due from Payroll Company
This consulting firm has one large invoice due in 30 days, but needs cash now to meet obligations.
Factoring Proposal Issued – $400,000 | Non-Recourse | Seasonal Garment Manufacturer
This long-standing business just needs a little extra cash to get through their off-season.
Factoring can help meet the working capital needs of businesses by converting AR into cash.
Factoring Proposal Issued
$4 Million | Non-Recourse
Medical Staffing Company
Company recently exited bankruptcy and needs access to cash to reliably meet payroll