An Arizona-based contractor specializing in commercial and residential glass and door installations has secured an $8 million asset-based lending (ABL) facility from nFusion Capital to finalize an acquisition and fuel future expansion.
The contractor, which serves hotels, hospitals, office buildings, retail spaces, and residential customers, needed additional capital to complete the purchase of a commercial glass and door supplier. However, its existing bank did not provide loans to construction firms. Instead, the bank referred the company to nFusion Capital, where Senior Executive Vice President Alexandra Scoggin and her team structured a financing solution tailored to the contractor’s needs.
“Acquisitions involve complex processes, and we were happy to help remove at least one obstacle for this company,” Scoggin said. “Our funding will not only allow them to complete the acquisition but also maintain working capital for future growth.”
The ABL facility provides the contractor with financial flexibility, allowing the company to scale as business demands evolve. With the acquisition completed, the company is now positioned to expand its market presence and pursue additional growth opportunities.
