nFusion Capital Provides $2 Million Factoring Line of Credit for Sullivan Commercial Painting, Inc.
October 2, 2023
Source: nFusion Capital
nFusion Capital announced it has provided a $2 million factoring line of credit for Sullivan Commercial Painting, Inc.
Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond to client needs.
The company had good debtors such as Walmart, Lowes, and Verizon. But their current lender wouldn’t factor on progress billing and were more restrictive on availability – factoring only about half of their accounts receivable. By taking on their progress billing, nFusion was able to increase their availability by 25%.
Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond to client needs.
The company had good debtors such as Walmart, Lowes, and Verizon. But their current lender wouldn’t factor on progress billing and were more restrictive on availability – factoring only about half of their accounts receivable. By taking on their progress billing, nFusion was able to increase their availability by 25%.
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