nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $1.5 million asset-based lending facility to a private equity-backed roofing contractor. The financing will provide immediate cash to pay suppliers, allow the company to continue offering extended payment terms to clients and support the company’s future growth initiatives.
Despite its established market position and strong balance sheet, the company required additional working capital to manage aged payables and the liquidity pressures created by the extended payment cycles common in the construction industry. A referral source recommended nFusion Capital and Curtis Powell, senior vice president of business development.
nFusion delivered a $1.5 million asset-based lending facility designed to align with the company’s working capital requirements and ongoing project expansion plans.
“While the underwriting process extended beyond typical timelines due to comprehensive due diligence conducted by both parties, the process ultimately strengthened alignment and built trust between us,” Powell said. “Management appreciated our willingness to listen to their challenges and cash flow issues, and in the end they liked our process, flexibility and willingness to tailor a solution that addressed their operational and cash flow needs.”
The new facility enables the company to pay vendor payables timely, strengthen supplier and subcontractor relationships and pursue new project opportunities with enhanced financial flexibility. The financing also positions the company to expand its geographic reach and deepen relationships with commercial developers across the region.
