nFusion Provides $12 Million ABL Facility Builds Framework for Growth
January 27, 2025
Source: nFusion Capital
nFusion Capital announced it has provided a $12 million ABL facility for an employee-owned construction company, founded in 1984 in Anaheim, CA, specializing in interior and exterior wall systems, metal framed panels and partitions for commercial, institutional, and industrial clients, and constructing themed facades for the entertainment and gaming industries. Their customer base comprises a wide range of general contractors, and the Company has a solid foundation for consistent growth.
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The Company needed additional working capital, but its bank was unwilling to increase its lending facility and sought to exit the relationship. In search of a new lender to refinance existing indebtedness and provide additional growth capital, the Company found many capital providers hesitant to work through the complexities of an Employee Stock Ownership Plan’s (ESOP) unique accounting and regulatory characteristics. A referral source pointed them to nFusion Senior Executive Vice President Alexandra Scoggin and the nFusion team, knowing they are ESOP and construction financing experts.
:
The Company needed additional working capital, but its bank was unwilling to increase its lending facility and sought to exit the relationship. In search of a new lender to refinance existing indebtedness and provide additional growth capital, the Company found many capital providers hesitant to work through the complexities of an Employee Stock Ownership Plan’s (ESOP) unique accounting and regulatory characteristics. A referral source pointed them to nFusion Senior Executive Vice President Alexandra Scoggin and the nFusion team, knowing they are ESOP and construction financing experts.
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