Asset-based lending is an industry built on making deals, but at the heart of every one of those transactions is a financial solution for a business. To honor this fundamental pillar of the industry, ABF Journal is proud to present its second annual Deals of the Year listing to provide a more in-depth look at some of the most intriguing and impactful transactions of 2023.
When approaching a new deal, nFusion Capital gets involved right away and attempts to find the best solution for a client’s needs. This made it an attractive company to Dan Glick, principal of Glick Financial Solutions, who was the referral source for an nFusion deal with Performance Energy Services, a Colorado-based energy services construction contractor. […]
nFusion Capital provided a $7 million asset-based line of credit to Land & Sea Industries (L&S), a heavy metal fabrication and manufacturing solutions company located in Texas.
William Brice Reid joined nFusion Capital as senior vice president, based in nFusion’s Dallas office. Reid will be responsible for receivables purchasing, asset-based lending and loan originations and developing client and referral relationships across the United States.
nFusion Capital extended a $2 million factoring line of credit to Sullivan Commercial Painting, a Florida-based commercial painting company.
nFusion Capital sold its transportation factoring portfolio to a provider of factoring services for motor carriers and owner-operators.
nFusion Capital provided a $3 million asset-based line of credit to Kort Industries, a Texas-based steel fabricator and industrial fabrication specialist providing steel structures to environmental and oil and gas companies.
nFusion Capital provided a $4 million asset-based lending line of credit to Performance Energy Services, a Colorado-based energy service construction company that supports the onshore and offshore energy markets.
nFusion Capital provided a $20 million asset-based facility to a provider of services and solutions for intelligent transportation systems in North America.
nFusion Capital added $855,000 in new monthly commitments and 15 new carriers in February, while also receiving 46 applications.