nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided an $18 million factoring facility to a 100% women-owned staffing company. The financing will support continued growth and expansion plans.
The company’s prior factor was unable to support its continued growth, which has exceeded $100 million annually and was exiting the market. Although the company’s broker initially placed the company with another factor, a prolonged due diligence process lasting months left the business struggling to meet weekly payroll obligations for more than 350 employees.
Seeking a more responsive lending partner better aligned with its operational needs and future expansion, the broker referred the company to nFusion Capital. CEO Jason Lippman and his team moved quickly, closing the transaction in less than three weeks.
“It’s always inspiring to see someone from modest beginnings grow into a successful business leader,” Lippman said. “Starting her career as an assistant at another firm, the founder built her company from the ground up, initially alongside family members, and has since transformed it into a thriving, growing organization. Today, her leadership has changed the trajectory of her own life and that of her family’s, and has created stable employment opportunities for hundreds of people.”
The new facility provides increased liquidity, enabling the company to meet significant weekly payroll demands, keep pace with customer demand for talent and confidently invest in its continued growth.
