nFusion Capital provided a $1.25 million asset-based lending facility to ATX Specialty Foods, a manufacturer of sauces and condiments serving the food industry.
In January 2023, ATX moved into a new state-of-the-art manufacturing facility, expanding its production capacity and positioning the company to serve larger, more complex customers. In 2024, the company hired its first dedicated head of sales, whose efforts increased the sales pipeline dramatically. As a working capital-intensive business, ATX required greater financing needs that quickly outpaced what their existing lender could offer. Drawing on his own background and connections in the finance sector, the company CEO reached out to Jason Lippman, CEO of nFusion.
nFusion’s financing was designed to enabled ATX continue its growth trajectory, expand operations and pursue new and larger opportunities.
