nFusion Capital provides $2m ABL facility to HVAC contractor

nFusion Capital has provided a US$2 million asset-based lending (ABL) facility to a West Coast HVAC contractor with more than four decades of industry experience. The financing is expected to support the company’s growing project backlog and expanding footprint in the commercial construction sector.

The contractor, founded nearly 45 years ago, specialises in designing, installing, repairing and maintaining HVAC systems for large-scale commercial building projects. The firm is known for its technical expertise and longstanding record of on-time, reliable performance.

According to nFusion Capital, the contractor turned to the firm after its previous nonbank lender – its financing partner for 17 years – chose to scale back involvement with construction-related clients, particularly those operating under progress-billing contracts. The outgoing lender introduced the contractor to nFusion Capital, citing the firm’s expertise in the construction industry and ability to provide a smooth transition.

“The lender’s decision to exit the construction sector reflected internal strategy changes, not the company’s performance.”

Following an expedited review, nFusion Capital structured a $2 million ABL facility secured by accounts receivable, tailored to maximise availability tied to progress-billed projects. The financing will enable the contractor to take on additional large-scale work while maintaining operational flexibility.

“The owner was wonderful to work with, and I’m excited to help finance their growing pipeline and support their continued expansion,” Scoggin added. “It’s a privilege to partner with a company that has been successfully operating for almost 45 years.”

nFusion Capital said the new lending facility is designed to provide both working capital and long-term financial stability as the company prepares for record sales and continued growth.