nFusion Capital, a provider of financing solutions to small and middle-market businesses, funded a $3 million factoring facility to a Texas-based manufacturer specializing in patented pocketed coil innerspring systems for the bedding and furniture industries. The financing will provide the liquidity needed to support the company’s expansion and strategic growth initiatives.
Referred by its CFO, nFusion Capital structured a tailored $3 million facility leveraging the company’s equipment, inventory and accounts receivable to maximize availability and flexibility. The customized financing allows the company to take on new, larger orders and scale its machine production capabilities.
“We were pleased to utilize all three asset classes to provide the liquidity the company needed,” Brice Reid, senior vice president, business development at nFusion Capital, said. “It was rewarding to support an innovative engineering entrepreneur and help drive the company’s next phase of growth.”
With the new facility in place, the company is poised to expand in a new direction, meet increased demand and execute growth plans.
