nFusion Capital recently provided a $1.5 million asset-based lending facility to a manufacturer of sparkling pre-mixed canned cocktails. The credit line also includes an accordion feature, allowing for an increase up to $20 million as the company scales.
The financing solution was secured just ahead of the company’s peak summer sales season. With limited time and an urgent need for capital, the company was referred to nFusion Capital by its incumbent lender. nFusion closed the $15 million facility in just two weeks.
“Faced with the need to act swiftly during their busiest season, our client relied on us to deliver,” Alexandra S. Scoggin, senior executive vice president of nFusion Capital, said. “Through our rapid underwriting, streamlined back-office support and tailored structure, we expedited the process and ensured uninterrupted funding at a critical time for the company.”
