Financing IT Consulting

Financing IT Consulting

Our factoring offering can quickly meet the working capital needs of IT Consulting Companies which do not qualify for traditional lending sources but have good quality accounts receivable outstanding.

Financing IT Consulting

Program Overview

  • $100k to $10 Million
  • 75% Advance against AR
  • Non-Recourse
  • No Audits or Covenants
  • No Long-Term Commitments
  • Great for bank declines

Think of me for Consultants, Staffing Companies or SaaS clients which need cash to meet their immediate goals.

Contact me to learn more:

Chris Lehnes

203-664-1535

clehnes@chrislehnes.com

Versant Funds Administrator of Adolescent Group Homes

PRESS RELEASE

Versant Funds $1.8 Million Non-Recourse Factoring Transaction to Administrator of Adolescent Group Homes – Versant Funds Administrator

(October 14, 2024)  Versant Funding LLC is pleased to announce it has funded a $1.8 Million non-recourse factoring transaction to a company which administers group homes for adolescents who are victims of neglect and abuse. Versant Funds Administrator.

Versant Funds $1.8 Million Non-Recourse Factoring Transaction to Administrator of Adolescent Group Homes
Versant Funds $1.8 Million Non-Recourse Factoring Transaction to Administrator of Adolescent Group Homes

This newly formed business has relationships with State and County organizations to house children in need.  These entities tend to pay their invoices slowly, putting a financial strain on the business. Versant was able to quickly put a factoring facility in place to advance cash against those invoices, which will provide the company with the liquidity needed to expand into additional counties. Versant Funds Administrator.

“Versant’s offering was an excellent match for this newly formed business in need of  growth financing,“ according to Chris Lehnes, Business Development Officer for Versant Funding, and originator of this financing opportunity. “Because our approach to factoring focuses solely on the quality of accounts receivable and does not require an underwriting of our client, we were able to fund this business that would not meet the credit standards of most traditional lenders.”

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 or B2G sales from $100,000 to $10 Million per month. All we care about is the credit quality of the A/R. To learn more contact: Chris Lehnes, 203-664-1535, clehnes@chrislehnes.com

Factoring Proposal Issued -$400,000 – Non-Recourse – Service Provider

Factoring Proposal Issued - $400,000 - Service Provider
Factoring Proposal Issued – $400,000 – Service Provider
  • $400,000 per month | Non-Recourse
  • Single Debtor | Major Pharma Customer
  • Service Provider to Major Corporations
  • Business won a new large contract with a major pharmaceutical manufacturer
  • That customer demands 90 day payment terms
  • Our facility will eliminate the resulting cash crunch, allowing the company to easily make weekly payroll

View more recent proposals

Connect with Factoring Specialist, Chris Lehnes on LinkedIn