nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $3 million factoring facility to a Utah-based commercial facility maintenance and snow removal services company. The financing will support the company’s growth initiatives and customer acquisition strategy as it enters its peak winter season.
Following the resolution of lengthy legal challenges that had negatively impacted revenue and profitability, the company has returned to positive cash flow and begun rebuilding its customer base. With renewed momentum and projected growth ahead, management sought a flexible financing partner to support expansion and working capital needs. The company anticipates a return to profitability by the end of the snow season and was introduced to nFusion Capital through a trusted referral partner.
“This company is a perfect example of why nFusion is the right choice for so many in the trades,” Jesse Baer, senior vice president of nFusion Capital, said. “We were lucky enough to be introduced to an amazing ownership group that had stuck with their portfolio company through an intense period of legal hardship and financial difficulty, only to come out the other side with limited optionality in the capital markets. Faced with significant growth potential and tight liquidity, we were able to provide the necessary working capital in advance of their busy winter season.”
Baer and his team quickly structured a $3 million factoring facility, giving the company the runway needed for a fresh start. The funding will enable the company to rebuild the business, continue to bid on and perform larger and larger jobs and accelerate customer acquisition on a larger scale.
“We look forward to watching this company complete their turnaround and achieve new levels of success with the confidence of having a steady working capital partner,” Baer said.
