nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $600,000 factoring facility to a California-based staffing company. The financing will support the company’s expansion and working capital needs.
Serving clients across multiple locations, including California, Nevada, and Arizona, the company was positioned for growth but required additional working capital to onboard new projects. When its existing factor exited the California market, the founder was referred to nFusion Capital to secure a more scalable, affordable financing solution.
“nFusion Capital was launched around the idea of helping young start-up companies looking to grow and expand but who face challenges accessing traditional bank financing,” Brice Reid, senior vice president, business development at nFusion Capital, said. “The founder has decades of experience working in the staffing industry and has built a strong foundation for growth with her own agency. We’re proud to help this minority- and women-owned business as it scales operations.”
The facility provides the company with increased liquidity and a lower cost of capital, enabling it to accelerate growth, invest in talent and marketing and expand its client base.
