nFusion Capital has partnered with Amerisource Business Capital, securing a $10 million senior secured credit line for the new venture that was formed in November 2018.
“We were looking for more than just money – we wanted a true partner – one that really understood the factoring and asset-based lending business,” said nFusion founder and CEO Jason Lippman. “Amerisource helped identify things we could be doing better or differently. While we have substantial experience in the industry, we still have a ton to learn – so it was important to us to have the right partner who cared enough about us to be our mentor and coach and hopefully our biggest fan.”
Retaining client level decision making was a priority for nFusion in order to fulfill their core promise of speedy decisions and funding. “Other lenders wanted the ability to say ‘no’ on every deal – but if you give another party that ability, you effectively have lost all decision making authority and I knew that was not going to work for our model,” Lippman added.
“We have been extremely impressed with everyone on the Amerisource team – true professionals – and I know how difficult booking and managing a relationship like ours is, having financed a number of other small factoring companies at my previous firm.”
Melissa Kolar, relationship manager of Amerisource, said, “Amerisource is pleased to partner with nFusion to provide capital to support its continued growth. Jason Lippman has an outstanding reputation in his industry, and we have no doubt nFusion will be very successful in achieving its goals. We look forward to partnering with nFusion and its management team to achieve those goals.”
