Factoring Is an Often-Overlooked Liquidity Source FOR Distressed Companies
By Chris Lehnes, Business Development Officer, Versant Funding
Turnaround professionals are often tasked with helping their clients obtain the capital needed to navigate the restructuring process. To meet this challenge, it is essential to understand the wide variety of commercial financing options available.
The commercial lending industry is still...
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Chris Lehnes is a business development officer with Versant Funding, a non-recourse factor targeting tough-to-finance businesses needing from $100,000 to $10 million per month in funding. He has nearly 30 years of commercial finance experience. Before moving into asset-based lending and factoring, he spent 15 years with the U.S. Small Business Administration (SBA), holding positions in closing, underwriting, operations management, marketing, and business development. Lehnes can be reached at clehnes@versantfunding.com or 203-664-1535.
