PRESS RELEASE BOCA RATON, FL (January 19, 2021) Versant Funding LLC is pleased to announce it has funded a $1.2 Million non-recourse factoring facility to a distributor serving the academic and commercial medical research communities. This company required a quick infusion of cash as a bridge to a planned capital raise. The existing investors were unwilling to contribute additional equity into the business, so they looked to factoring as a non-dilutive alternative to generate the cash needed until the capital raise was complete. “Versant’s offering was an excellent match for this growing business in need of short-term capital.“ according to Chris Lehnes, Business Development Officer for Versant Funding, and originator of this financing opportunity. “Because we are strictly focused on the quality of our client’s accounts receivable and do not underwrite their business, we can move very quickly, which is just what this new client needed.” Lehnes added. 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 sales from $100,000 to up to $10 Million per month. All we care about is the credit quality of the A/R.

1. PRESS RELEASE
BOCA RATON, FL (January 19, 2021) Versant Funding LLC is pleased to announce it
has funded a $1.2 Million non-recourse factoring facility to a distributor serving the
academic and commercial medical research communities.
This company required a quick infusion of cash as a bridge to a planned capital raise.
The existing investors were unwilling to contribute additional equity into the
business, so they looked to factoring as a non-dilutive alternative to generate the
cash needed until the capital raise was complete.
“Versant’s offering was an excellent match for this growing business in need of
short-term capital.“ according to Chris Lehnes, Business Development Officer for
Versant Funding, and originator of this financing opportunity. “Because we are
strictly focused on the quality of our client’s accounts receivable and do not
underwrite their business, we can move very quickly, which is just what this new
client needed.” Lehnes added.
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 sales from $100,000 to up to $10 Million per month. All we care
about is the credit quality of the A/R.