nFusion Capital, a private working capital finance company providing customized financing solutions to small and medium-sized businesses, released its third quarter results.
nFusion Capital provided 39 new factoring, inventory finance and asset-based lending facilities during the third quarter of 2022 for an aggregate of $14 million and $102 million in receivables purchased. With an average days to close of 17, the facilities ranged in size from $50,000 to $6 million and supported the working capital and growth capital needs of small- and middle-market businesses in the construction, transportation, staffing, manufacturing and oil field services industries.
“Business owners have choices in a lending partner and want convenience, speed, and transparency throughout the application process,” Jason Lippman, CEO of nFusion Capital, said. “As entrepreneurs and former business owners, we understand that clients are busy trying to run and grow their businesses and may be squeezed for capital and need a quick response. We are proud of our average days-to-close track record of 17 days for new client fundings.”
