nFusion Capital backs construction growth with $2m factoring facility

nFusion Capital has provided a $2m factoring facility to a Pittsburgh-based commercial contracting and facility maintenance company, enabling the business to expand its growing Commercial Construction Division and take on larger projects.

The financing package was arranged to address the working capital challenges created by increasing levels of progress billings as the company accelerated its move into commercial construction.

The business operates across Western Pennsylvania, Northern West Virginia, and Central, Southern and Northeastern Ohio, offering a range of services through four specialist divisions: facility services, construction services, mitigation and restoration, and demolition. It employs an “all trades with one call” model, supported by 11 in-house licensed trades.

Historically focused on insurance-related emergency services, including water, fire, smoke and mould remediation, the company has experienced growing demand for its commercial construction capabilities. However, its existing lender was unable to provide the additional funding required to support the rising volume of construction-related receivables.

The lender subsequently referred the company to nFusion Capital, where Curtis Powell, Senior Vice President of Business Development, worked with management to structure a financing solution tailored to the needs of a construction business.

“We are pleased to provide a financing solution that supports the Company’s growth strategy and positions it to capitalise on expanding opportunities in commercial construction. With its diversified service offerings and ‘one call does it all’ approach, the Company is exceptionally well-positioned for continued success.

“I appreciate the collaboration and professionalism demonstrated by everyone involved throughout the transaction.”

The new factoring facility will provide the liquidity needed to fund larger construction projects, improve cash flow management and support the continued expansion of what has become a higher-margin area of the business.

nFusion Capital said the additional working capital will help the company accelerate growth while strengthening its position across its regional markets.