Factoring: A Vital Source of Cash to Keep a Supply Chain Moving
By Chris Lehnes, Business Development Officer, Versant Funding
The success of nearly every business is dependent on its supply chain. Whether it’s a neighborhood restaurant securing fresh produce from a local farmers market in time for tonight’s menu or a high-tech manufacturer procuring microchips from Asia ordered months in advance, a business will...
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Chris Lehnes is a business development officer representing Versant Funding, a non-recourse factor targeting tough-to-finance businesses needing from $100,000 to $10 million in monthly funding. He has over 30 years of commercial finance experience. Before moving into asset-based lending and factoring, Lehnes spent nearly 15 years with one of the country’s top SBA lenders, holding a variety of leadership positions in closing, underwriting, operations management, marketing, and business development.