nFusion Capital recently provided a $10 million asset-based lending facility to a supply chain company supporting the aviation aftermarket industry. The funding will be used to refinance existing indebtedness and support the company’s growth plan.
With limited time and an urgent need for capital to complete significant inventory acquisitions, the company was referred to nFusion Capital by its incumbent lender.
“Our current financing structure enables this aerospace aftermarket company to continue acquiring inventory to support its expansion,” Alexandra S. Scoggin, senior executive vice president of nFusion Capital, said. “Thanks to our smooth and seamless process, we were able to step in quickly with no disruptions to their business.”
The transaction enabled the company to purchase decommissioned airplanes, build inventory and continue its upward growth without funding disruption.
