nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $2 million factoring facility to a Pittsburgh-based full-service commercial contracting and facility maintenance company. The financing will support the build-out of its commercial construction division.
Historically, the company focused primarily on insurance-related emergency services, including water, fire, smoke and mold remediation. As demand for its commercial construction division accelerated, the company’s existing lender became constrained by the growing volume of progress billings on construction projects and was unable to provide the additional working capital needed to support the Company’s continued growth.
Recognizing the company’s expansion opportunities, the lender referred management to Curtis Powell, senior vice president of business development at nFusion Capital, who specializes in construction-related financing solutions.
“Construction companies often reach a point where traditional lending structures can no longer accommodate the working capital demands created by progress billings,” Powell said. “We are pleased to provide a financing solution that supports the company’s growth strategy and positions it to capitalize on expanding opportunities in commercial construction. With its diversified service offerings and ‘one call does it all’ approach, the company is exceptionally well-positioned for continued success. I appreciate the collaboration and professionalism demonstrated by everyone involved throughout the transaction.”
The new facility will provide the liquidity needed to support larger construction projects, manage cash flow associated with progress billings and continue expanding a higher-margin business segment. With access to additional working capital, the company is positioned to accelerate growth and further strengthen its presence across its regional markets.
