nFusion Capital, a provider of financing solutions to small and middle market companies in the construction industry, provided a $5 million asset-based lending facility to a manufacturer of custom finish millwork serving the restaurant, hospitality, retail, corporate and healthcare industries worldwide. The financing helped support the refinancing of its existing debt facility and ongoing growth initiatives.
The company’s bank made a strategic decision to reduce its exposure to the construction industry and requested a quick exit from the facility. The company faced the urgent challenge of securing a new financial partner willing to lend to a construction company and understanding the industry’s nuances. A bank advisor referred the company to nFusion Capital.
“The company has an experienced management team; they were very responsive and easy to work with,” Jesse Baer, senior vice president of nFusion Capital, said. “Thanks to their cooperation and our certainty and industry expertise, we were able to meet a very tight timeline and close the deal quickly. Being a construction-focused ABL lender, we were able to give the company the maximum availability against their accounts receivable to continue their growth.”
