nFusion Capital a $5 million asset-based lending facility to an Alaska-based welding and steel fabrication company, enabling the business to undertake a high-profile oil and gas project.
To capitalize on a new opportunity, the company required a significant infusion of working capital. The company’s existing line of credit was insufficient, and its lender declined to increase the limit to support the new project or their anticipated growth. A local banker connected the company with Greg Dyson, senior vice president at nFusion Capital.
After evaluating the company’s needs and growth potential, nFusion extended a $5 million factoring facility. This financial lifeline allowed the business to invest in inventory, purchase specialized materials and maintain strong vendor relationships.
“Our goal is to empower businesses to seize opportunities and achieve sustainable growth,” Dyson said. “This transaction highlights nFusion’s commitment to providing tailored financial solutions that align with our clients’ unique needs and goals.”
