Receivables Finance News

nFusion Capital provides $7m ABL facility amid lender transition

Share

nFusion Capital has delivered a $7 million asset-based lending facility to a Los Angeles–based sheet metal contractor, enabling the business to meet an accelerated lender transition deadline while securing additional working capital to support its expanding project pipeline.

The contractor, founded in 2004, specialises in sheet metal fabrication and installation for large commercial and industrial developments. Its single-source model—covering design, fabrication, installation and project management—has made it a key partner for general contractors, mechanical contractors and construction firms delivering complex, high-value projects.

Despite steady growth and rising demand, the company required increased liquidity to keep pace with its workload. The situation became more urgent when its previous lender requested a rapid move to a new financing partner. On the strength of nFusion Capital’s track record for fast execution, the lender referred the company to nFusion, which was able to complete the transition on a compressed timeline.

nFusion structured an asset-based facility that scales in line with the company’s receivables and project backlog, providing immediate working capital while supporting future expansion. The full transaction – including a field examination and inventory appraisal – was completed in what the firm described as record time.

“nFusion’s speed and underwriting expertise allowed the Company to transition seamlessly while meeting a challenging bank deadline,” said Alexandra Scoggin, Senior Executive Vice President at nFusion Capital.

“The ongoing financing will support the company’s project backlog and continued growth through 2026, and we are excited to be a part of their success.”

With the new facility in place, the contractor is positioned to pursue larger projects, execute its existing commitments and expand its presence in the commercial and industrial construction market.