nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $10 million asset based lending facility to a Michigan-based technology and marketing company. The new financing will support general working capital needs and continued growth and expansion.
After initially partnering with nFusion Capital from 2022 to 2024, the company transitioned to traditional bank financing. However, restrictive covenants limited operational flexibility and constrained its ability to pursue new project opportunities.
Drawing on its prior positive experience with nFusion Capital and a previous $8 million facility, the company’s leaders reached out to Jesse Baer, senior vice president, business development. Leveraging its familiarity with the client’s business and confidence in its consistent revenue base, nFusion structured a $10 million asset-based facility designed to provide enhanced liquidity and greater flexibility to support ongoing growth.
“I am extremely excited to continue building our relationship with this company and facilitate their next phase of growth with a larger facility,” Baer said. “While our pricing may differ from traditional banks, our value lies in being a true financial partner, one that prioritizes flexibility, alignment and long-term success over a simple rate comparison.”
With increased liquidity and fewer structural constraints, the company is positioned to capitalize on new opportunities and execute its long-term strategic initiatives without being constrained by restrictive financial covenants.
